Core Viewpoint - The "Xinkangjia" platform, masquerading as a branch of the Dubai Gold and Commodities Exchange (DGCX), has collapsed, affecting approximately 2 million investors with a total amount involved reaching 13 billion yuan [1][3][5]. Group 1: Platform Operations and Promises - "Xinkangjia" claimed to offer high returns of 1% daily, utilizing virtual currency investments and requiring a minimum entry fee of 1,000 USDT [5][6]. - The platform operated under the guise of investing in overseas gold and oil markets, promising substantial returns, but became non-operational by late June 2025 [6][12]. - After the platform's failure to allow withdrawals, it proposed a "tax payment" scheme, demanding users pay 10% of their holdings to access their funds, which many viewed as a final attempt to extract more money from investors [5][8]. Group 2: Regulatory and Legal Issues - The DGCX issued warnings stating that it had no partnerships or affiliations in China, and any claims to the contrary were unauthorized [10]. - Multiple regulatory bodies across various provinces, including Hunan and Guangdong, issued alerts regarding the platform's operations, labeling it a Ponzi scheme with significant illegal fundraising risks [12][15]. - The operational entity, Guizhou Xinkangjia Big Data Service Co., Ltd., was established in April 2024 and faced multiple issues, including being listed for abnormal operations due to uncontactable business premises [17]. Group 3: Investor Impact and Reactions - Reports indicate that many investors, despite the risks, were drawn to the platform due to its high return promises and the allure of virtual currency investments [8][12]. - Affected investors expressed frustration, with some losing significant amounts, such as over 30,000 yuan, and being unable to withdraw their funds [6][12]. - The platform's collapse has highlighted the risks associated with virtual currency investments, particularly in schemes that lack transparency and regulatory oversight [17].

Core Viewpoint - The "Xinkangjia" platform, masquerading as a branch of the Dubai Gold and Commodities Exchange (DGCX), has collapsed, affecting approximately 2 million investors with a total amount involved reaching 13 billion yuan [1][2][4]. Group 1: Platform Operations - "Xinkangjia" claimed to offer high returns of 1% daily, utilizing virtual currency investments and requiring a minimum entry fee of 1,000 USDT [4][10]. - The platform's operations were based on a Ponzi scheme model, promising high returns while using USDT for transactions, making it difficult for authorities to trace funds [9][10]. - After the platform became unable to process withdrawals, it introduced a "tax payment" scheme, requiring users to pay 10% of their holdings to withdraw funds, which many viewed as a final attempt to exploit investors [4][10]. Group 2: Regulatory Warnings - Multiple regulatory bodies across regions, including Sichuan, Guangdong, Jiangxi, and Hunan, issued warnings about the significant illegal fundraising risks associated with "Xinkangjia" [15][17]. - The DGCX officially stated that it has no partnerships or affiliations with "Xinkangjia," highlighting the fraudulent use of its name [12]. - The platform's operator, Guizhou Xinkangjia Big Data Service Co., Ltd., was established in April 2024 and has faced multiple operational issues, including being listed as an abnormal business entity [17]. Group 3: Investor Impact - Investors, such as a participant named Huang Zheng, reported being unable to withdraw their funds after investing over 30,000 yuan, with the platform's app becoming inaccessible [7]. - The scheme attracted a large number of participants despite the evident risks, indicating a willingness among some consumers to engage in high-risk investments [10].

智通财经7月7日电，Strategy报告显示，在6月30日至7月6日期间并未买入比特币。 ...

Core Viewpoint - The article discusses the new Hong Kong investment immigration policy that allows high-net-worth individuals to obtain residency by investing in virtual assets, highlighting the importance of stable identity and regulatory environments for cryptocurrency investors [2][12][19]. Group 1: Investment Immigration Policy - Hong Kong's New Capital Investment Entrant Scheme (New CIES) will be implemented in 2024, targeting high-net-worth individuals willing to invest 30 million HKD to obtain residency [2][4]. - The policy has relaxed requirements, with no age limit, educational qualifications, or language proficiency needed, only requiring a significant investment [2][3]. - The investment can include virtual assets like Bitcoin and Ethereum, provided they are audited by licensed accounting firms to confirm the legality of the funds [4][12]. Group 2: Investment Requirements and Process - Applicants must demonstrate a traceable source of funds for the 30 million HKD investment, which can include virtual assets [4][12]. - The investment process involves obtaining preliminary approval before converting virtual assets into cash and investing in approved financial products [12][20]. - From October 16, 2024, applicants can invest in residential properties valued at 50 million HKD or more, with a cap of 10 million HKD counting towards the investment requirement [7][8]. Group 3: Tax and Regulatory Environment - Hong Kong offers a favorable tax environment, with no capital gains tax and a maximum personal income tax rate of approximately 17% [10]. - The asset verification period has been shortened from two years to six months, making it easier for investors to prove the legitimacy of their funds [11][12]. - The regulatory framework for virtual assets in Hong Kong is becoming clearer, with the approval of Bitcoin and Ethereum ETFs, enhancing the investment landscape for cryptocurrency holders [12][20]. Group 4: Market Opportunities - The article emphasizes the potential for high-net-worth individuals to leverage Hong Kong's financial market for global asset allocation while enjoying a stable identity and investment environment [13][14]. - The investment immigration program is particularly attractive for professional investors, as it provides a pathway to secure residency in a mature financial market [16][19]. - The growing acceptance of virtual assets in the investment immigration process positions Hong Kong as a favorable destination for cryptocurrency investors seeking stability and regulatory clarity [12][19].

Core Points - A 17-year-old student from Haining, referred to as Xiao Luo, became interested in virtual currency investment after seeing an enticing advertisement on social media [1] - The advertisement promised guaranteed profits and included screenshots of others' earnings, leading Xiao Luo to join a group where an "investment mentor" shared exclusive market analyses [3] - Xiao Luo initially invested small amounts and experienced quick returns, which encouraged him to invest larger sums [5] Group 1 - Xiao Luo transferred a total of 24,100 yuan after being persuaded by the "customer service" to continue trading, believing he would receive further profits [6] - After the last transfer, the app became inaccessible, and the group was disbanded, leading to the realization that he had been scammed [10] - Xiao Luo reported the incident to his parents and the police, revealing a total loss of over 24,000 yuan [11] Group 2 - The incident highlights the importance of educating young individuals about the risks of investing in virtual currencies and the necessity of using legitimate channels for financial transactions [11] - It emphasizes the need for parental supervision and awareness regarding online scams, particularly in the context of children using mobile devices [11]

Core Insights - The rise in virtual currency assets in the past year has attracted many domestic investors, leading to illegal fundraising activities and money laundering schemes that harm citizens' property rights [1][2]. Case Observation - A case in Xi'an, Shaanxi Province, involved illegal fundraising and money laundering through virtual currency from July 2018 to September 2021, where the accused misled investors with promises of high returns [3]. - The accused provided financial accounts to facilitate the transfer of criminal proceeds and assisted in purchasing assets, which were later sold to launder the money [3]. Case Analysis - Criminals exploited the recent popularity of virtual currencies to conduct illegal fundraising, taking advantage of investors' lack of knowledge in this area [4]. - The laundering process involved converting illicit funds into legitimate assets through complex transactions, making it difficult for victims to recover their losses [4]. Practical Tips - Money laundering involves disguising illegal income to make it appear legitimate, with criminals using various unexpected methods to target individuals' finances [5]. - To prevent falling victim to such schemes, individuals are advised to protect personal information, regularly update passwords, and inquire about investment qualifications and risks [6].

Core Insights - The article discusses the rise and fall of Li Xiaolai, a prominent figure in the cryptocurrency space, particularly Bitcoin, highlighting his journey from a teacher to a billionaire investor and the subsequent backlash he faced after many of his followers lost money in Bitcoin investments [2][17]. Group 1: Li Xiaolai's Background and Early Career - Li Xiaolai, born in 1972, had humble beginnings and pursued education as a means to achieve success, eventually graduating from Changchun University [4]. - After graduation, he engaged in various business ventures, including a clothing wholesale business, before becoming the general manager of Shenyang Bosheng Technology Co., Ltd. [6][8]. - He later transitioned to the education sector, joining New Oriental as a teacher, where he quickly gained popularity and authored successful English study materials [6][8]. Group 2: Entry into Cryptocurrency - In 2008, Li Xiaolai founded a consulting company focused on overseas study services, but he later shifted his focus to Bitcoin after recognizing its potential [8][10]. - By 2011, he had conducted extensive research on Bitcoin and decided to invest all his savings, purchasing 100,000 Bitcoins, a bold move that few were willing to make at the time [11][10]. - His investment paid off, leading to significant wealth accumulation as Bitcoin's value soared [11][13]. Group 3: Rise to Prominence and Subsequent Controversy - Li Xiaolai capitalized on his success by establishing investment funds and sharing his wealth-building strategies online, attracting a large following [13][15]. - He launched a virtual currency project, selling 22 billion virtual Bitcoins, which converted into real currency, further increasing his wealth [13][15]. - However, as Bitcoin faced regulatory challenges and market volatility, many of his followers suffered financial losses, leading to public backlash against him [15][17]. Group 4: Aftermath and Current Status - Despite the criticism and accusations of fraud, Li Xiaolai's personal wealth remained largely intact as he had already liquidated his Bitcoin holdings before the market downturn [17][19]. - He continued to invest in other industries and authored a book titled "The Self-Cultivation of Leeks," discussing the harsh realities of investment and the concept of personal responsibility in financial losses [19][17].