ChainCatcher news, according to the "China Consumer News", the Market Supervision Administration of Shiyan City, Hubei Province recently issued a risk warning, conducting investigations into virtual currency projects such as "Youkechuang", "Shiyi Hui", and "Ronghui Capital". It has been found that these projects operate by trading digital currencies on overseas platforms, using a "referral" model to develop members, promising high returns on investments in cryptocurrency, and are suspected of conducting illegal financial activities using pyramid schemes.

Regulatory authorities remind consumers to be vigilant against "capital-preserving high-return" scams, emphasizing that our country prohibits virtual currency exchange and trading intermediary services, and participation in such projects puts funds at risk. The case is currently under further investigation.