On July 7, PANews reported that, according to the Public Security Bureau of Taojiang County, Hunan Province, some members of the public invested through the 'DGCX Xin Kang Jia' platform at the recommendation of others. This platform illegally used the name of the Dubai Gold and Commodities Exchange (DGCX) to raise funds, and is actually an unauthorized and unqualified illegal platform that promises high returns and lures expansion through commission for member recruitment. Since June 25, the platform has been unable to process normal withdrawals, raising suspicions of a broken capital chain, which poses a significant risk of fundraising fraud. The public security authorities remind people not to participate in investments in such unapproved platforms.
Earlier today, the Shenzhen authorities issued a warning about the risks of illegal fundraising under the guise of stablecoins and similar schemes.
