Chinese Court Charges 5 People in Filecoin Based Fraud Pyramid Scheme

The Chinese People’s Court of Pingnan County recently initiated a public hearing about a case involving five defendants concerning a high-profile crypto crime. In particular, defendant Lai Mouhang and four accomplices were accused of orchestrating pyramid-selling activities that have reportedly amassed over 600 million yuan. How Did It Happen? According to a local report, Lai

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