The sickle never chooses the age of leeks, and scams can always put on new clothes. When "capital protection and high interest" meets "military pyramid schemes" and is coated with the sugar coating of "stable currency", the blade of the harvest is fast and fierce, and it specifically cuts the "faith" in your heart! "

"Boss Huang's" arrogant "closing ceremony" and escape:

The mastermind, Huang Xin, ran away abroad with the money! Before he ran away, he sent a "farewell letter" that was so crazy! The gist of it was: "You guys have low IQs and don't deserve to have money! I took your money to help you "match your IQ with wealth", and you should thank me!" Listen, is this human language? It's like stabbing the hearts of the 2 million victims!

Scam packaging: all glittering gold and bubbles!

The company is called "Xinkangjia", which is the name of three people (Huang Xin, Shao Xinkang, and Wang Yanjia). It registered a shell company without paying a penny and not paying social security for any employees. It is a pure shell company!

But they are good at bragging! First they said they were a platform of China National Petroleum Corporation, then they changed their name to "DGCX Xinkangjia Data" and transformed themselves into "Dubai Gold Exchange China Branch"! They also boasted that they were connected to the rich in the Middle East and had strategic cooperation with China National Petroleum Corporation, promising "2% daily profit"! Are you tempted? Especially uncles and aunts in third- and fourth-tier cities, and people who do small businesses, once they heard this, they invested their hard-earned money.

The core of the scam: fake transactions + pyramid schemes + USDT money laundering:

Fake trading: You are asked to download an APP and learn to trade cryptocurrencies from a "teacher" (actually it is a game to predict the rise and fall). They can change the data as they want, and whether you win or lose money is entirely determined by them! The dealer controls the market.

MLM brainwashing (militarization!): This is the most poisonous trick! Divide the country into four "war zones" of "East, South, West and North", and recruit people to upgrade from "Commander-Army Commander-Division Commander"! Recruit 50 people to become a "Brigade Commander" and get a commission of 15%; recruit 500 people and get a Porsche! There are 150,000 people in Yunnan alone, and 100,000 in Jiangxi! It spreads like a virus, acquaintances recruit acquaintances, and family and friendship have all become tools of the scam.

USDT (Tether) is the key channel: All money in and out uses this stablecoin that claims to be pegged to the US dollar at a 1:1 ratio. You have to convert RMB into USDT first, and then recharge it into the platform. What are the benefits? Hidden! Run fast! Two days before the final crash, 1.8 billion USDT (equivalent to 1.8 billion US dollars!) was divided into 12 transactions and transferred to 3 new addresses in a flash, and slipped out of the country without anyone noticing!

The collapse was foreshadowed, but greed blinded us:

In October last year, Gong County, Sichuan warned that this platform was illegal! But how many people were fascinated by the dream of "guaranteed profit without loss" and didn't believe it!

Later, 12 provinces including Hunan and Hubei successively raised the alarm. In May this year, the platform began to cheat: the withdrawal fee increased from 5% to 10%. For more than 50,000 yuan? Wait for 30 days in line! Isn’t this just delaying time and blocking funds?

Finally, on June 26, the withdrawal channel was completely closed! The APP was paralyzed! Millions of people’s money was completely locked and could not be withdrawn!

Sensors’ views and cases:

  • Viewpoint 1: Greed is the original sin, and trust is an accomplice. “Earning 2% a day” sounds fake, but it can’t resist human greed! What’s more terrifying is that pyramid schemes use the most solid “trust among acquaintances”. How did the 150,000-person team in Yunnan come from? Isn’t it just relatives and friends pulling each other? I have seen too many cases where aunties pulled square dance sisters and uncles pulled old comrades to jump into the pit together, and finally turned against each other. Remember: the real lucrative good things, your parents may not tell you, why should it be your turn?

  • Viewpoint 2: USDT is a double-edged sword, and has become a "fast lane" for scammers. The most "advanced" and dangerous part of this case is that USDT was used throughout the process. Unlike bank transfers, which are strictly regulated and recorded, cross-border transfers are completed almost instantly and are extremely covert. This is what scammers are looking for! USDT itself is not a scam, but it has become the "perfect tool" for new financial frauds. Think about it, it is extremely difficult to get 1.8 billion in cash out of the country in a few days, but 1.8 billion USDT? It's gone with a few clicks of the mouse.

  • Viewpoint 3: Scams are "keeping pace with the times", and supervision is catching up. "Xinkangjia" is "old wine in new bottles". The governments of Wuxi and Jinan have recently issued documents to pay attention to the risks of stablecoins. The Hong Kong (Stablecoin Ordinance) is about to be issued, and the world is stepping up supervision. But scammers run faster! They are always studying new scripts and taking advantage of new hot spots. Supervision is important, but our own vigilance is the first firewall!

"Huang Xin ran away, and 1.8 billion USDT disappeared in the maze of cryptocurrency. But 'Xin Kangjia' will never be the last one! Will the next sickle come down in the guise of 'AI quantification', 'Depin entity' or 'RWA income'? Pay attention to Sensors, and in the next issue, we will take you to dismantle the new script of the 'stable currency era' scam. Keep a close eye on your wallet and don't be the next leek!" #币安八周年