Tag: Shenzhen Shikongyun Technology

Chinese Crypto Mining Firm Charged With Running A Pyramid Scheme!

Crypto-Mining Charlene Lensburg - August 17, 2023

Four executives from Shenzhen Shikongyun Technology, a Filecoin mining company, have been charged with criminal offenses in Guangxi for orchestrating a pyramid scheme that enticed almost 100,000 individuals with promises of high returns, amassing over $83 million. While Hong Kong is actively striving to establish itself as a hub for virtual assets, mainland China remains unwavering in its crackdown on crypto-related activities.

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