• 11/25/2024

Chinese cryptocurrency mining firm charged with running pyramid scheme, as Beijing maintains tight grip on virtual assets

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Four executives at Filecoin mining firm Shenzhen Shikongyun Technology were slapped with criminal charges in the southern autonomous region of Guangxi for a scheme that raked in more than US$83 million.

https://www.scmp.com/tech/policy/article/3231289/chinese-cryptocurrency-mining-firm-charged-running-pyramid-scheme-beijing-maintains-tight-grip?utm_source=rss_feed