Multiple regions warn of the risks of illegal fundraising in virtual coins.

[Warnings about illegal fundraising risks of virtual coins] Recently, the billion-yuan scam "Xinkangjia" which claimed to offer "2% daily interest" has collapsed, raising the whole society's attention and vigilance towards new types of online fraud. Regulatory bodies have been intensively "blowing the whistle". According to incomplete statistics, since July, financial regulatory departments in multiple regions, including Guangdong, Yunnan, Hunan, Liaoning, Heilongjiang, Zhejiang, and Fujian, have intensively warned about the risks of illegal fundraising and new types of online fraud under the name of "virtual coins". (First Financial)

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