According to ChainCatcher, recently, some illegal organizations have taken advantage of the 'stablecoin' trend, issuing or speculating on 'virtual currencies' and 'digital assets' with promises of high returns, which is suspected of illegal financial activities.
Such activities rely on funds from new investors to maintain operations and carry the risk of illegal fundraising. Once the funding chain breaks or the project party absconds, investors will face the risk of losing their principal. Financial regulatory authorities in multiple regions have issued risk alerts, reminding the public to avoid being deceived.