“Cryptocurrency Pyramid Scheme Ignites Market Attention!!! Jingde Court Concludes 6.39 Million Yuan Funding Chain Case”

Recently, the Jingde Court concluded a widely followed cryptocurrency pyramid scheme case. The core figure, Xu (to be handled in another case), planned and promoted a project named "Mobius," attempting to issue MBUS (Mobius) cryptocurrency, NFT cards, and MSS coins among other derivative products, using virtual currency investment trading as a pretext, and requiring participants to purchase and hold these assets.

However, this was not merely an investment behavior but rather a typical "recruiting" pyramid scheme model. After purchasing MBUS coins and NFT cards, participants were also required to actively develop downlines, ultimately forming a hierarchical promotion system. Investigations revealed that the funds involved in the case amounted to as much as 964,300 USDT (approximately 6.39 million yuan), with the wallet addresses of MBUS coin holders reaching an astonishing 29,280, and the recommendation hierarchy reaching as high as 48 levels.

The court's ruling was equally noteworthy: the individuals involved, including Li, Xiang, Huang, and four others, were sentenced to varying prison terms of two to three years, with some receiving suspended sentences, and were also fined. This case not only exposed the pyramid scheme risks in the cryptocurrency market but also reminded individuals to remain vigilant when facing virtual assets to avoid being exploited by criminals.

In a market full of opportunities and risks, identifying scams and avoiding risks is a necessary lesson for every investor. If you don’t want to miss the latest news in the cryptocurrency world, follow Mr. Qiu and join us in locking in market trends, preventing risks, and steadily making profits!

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