According to Odaily Planet Daily, some criminals, under the banner of "financial innovation" and "blockchain", have absorbed funds by issuing so-called "virtual currency", "virtual assets" and "digital assets", infringing on the legitimate rights and interests of the public.

The Office of the Leading Group for Dealing with Illegal Fund-raising in Shanxi Province explained the law through the case and reminded the majority of financial investors that such activities are not truly based on blockchain technology, but are actually hyping up the concept of blockchain to engage in illegal fundraising, pyramid schemes, and fraud.

We must enhance our awareness of risk prevention and guard against being deceived.