CoinVoice has recently learned from the Sing Tao Daily that a financial management platform named 'Xinkangjia' has recently collapsed, affecting 2 million members and involving 13 billion RMB.
It is reported that 'Xinkangjia' was founded in Guizhou in 2021, claiming to 'connect Dubai capital and create a global wealth platform', and asserted that it utilized unique big data technology to conduct futures trading in gold, oil, and foreign exchange in the Middle East, promising investors astonishing returns of up to 2% daily. For example, if a member invests 100,000 USD, they could earn 2,000 USD daily, leading to a monthly profit of 60,000 USD.
In addition, 'Xinkangjia' claimed to have reached a 5-year strategic agreement with the state-owned enterprise PetroChina (857), which attracted a large number of investors; in reality, 'Xinkangjia' was merely purchasing oil equipment from PetroChina.
Unlike traditional Ponzi schemes, 'Xinkangjia' conducted transactions using USDT, leveraging the free flow and decentralized nature of stablecoins to move large sums of money overseas, making it difficult for law enforcement to trace.
As of June 26, the 'Xinkangjia' platform collapsed, and members found themselves unable to 'withdraw funds'. There are reports that the platform transferred 1.8 billion USDT (approximately 12.9 billion RMB) in 12 batches to 3 new addresses. [Original link]