Express
Multiple Regions Warn of New Scam in 'Stablecoin Investments'
Summary: According to Jinshi data, recently, some illegal institutions have taken advantage of the hot topic of 'stablecoins' by issuing or promoting so-called 'virtual currencies,' 'digital assets,' 'stablecoin investment projects,' promising high returns, inducing the public to invest funds in trading speculation, suspected of engaging in illegal financial activities. These activities often rely on attracting new ...
According to Jinshi data, recently, some illegal institutions have taken advantage of the hot topic of 'stablecoins' by issuing or promoting so-called 'virtual currencies,' 'digital assets,' 'stablecoin investment projects,' promising high returns, inducing the public to invest funds in trading speculation, suspected of engaging in illegal financial activities. These activities often rely on attracting new investors' funds to maintain operations or pay early investors' profits. Once the funding chain breaks or the project runs away, investors will face the huge risk of being unable to recover their principal. In response, financial regulatory authorities in multiple regions have issued risk warnings, reminding the public to avoid being deceived.
