According to the official account of the Jingde County People's Court, the Jingde Court recently concluded a case involving organized and leading pyramid schemes related to virtual currency. It is reported that Xu (handled in another case) prepared to develop the 'Mobius' project, which involves issuing and promoting MBUS (Mobius) virtual currency, cards, etc. Several individuals, under the guise of investing in virtual currencies and derivative projects, required participants to purchase and hold MBUS coins, NFT cards, and MSS coins, actively developing downline personnel through a 'recruitment' method, defrauding participants of a total property amount exceeding 964,300 USDT (1 USDT is approximately equal to 1 dollar, equivalent to about 6.39 million yuan). After the incident, an appraisal showed that the wallet addresses of MBUS coin holders recorded 29,280 entries, with a total recommendation level of 48 layers. The individuals involved, including Li, Xiang, Huang, and others, were sentenced to fixed-term imprisonment ranging from two to three years, with suspended sentences and fines.
