Core Viewpoint - The recent collapse of the "Xin Kang Jia" Ponzi scheme, which promised a daily interest rate of 2%, has heightened societal awareness and vigilance against new forms of online fraud [1] Regulatory Warnings - Financial regulatory bodies across multiple regions, including Guangdong, Yunnan, Hunan, and others, have issued warnings regarding illegal fundraising risks associated with virtual currencies and new online scams [1][2] - These warnings highlight that many fraudulent schemes utilize exaggerated claims and false promises, often featuring phrases like "guaranteed returns" and "high fixed income" [1][3] Common Characteristics of Scams - New online scams, often referred to as "funding plates," share common traits such as high promised returns, often exceeding 300% annualized, and recruitment mechanisms that incentivize users to promote projects [1][12] - Legal experts categorize these scams as "pyramid-style fundraising fraud," which involves collecting funds through pyramid schemes [1][2] Types of Fraud - Various types of online scams have emerged, including investment fraud, false project schemes, and fake loan schemes, all characterized by their deceptive nature and strong concealment [10] - Investment fraud often masquerades as legitimate institutions, using fake financial apps and platforms to lure consumers with promises of high returns [10][11] Virtual Currency Scams - Scams involving virtual currencies often claim to be decentralized and utilize fictitious technology backgrounds to issue tokens with no real value, exploiting investors' lack of understanding of blockchain technology [7][8] - Regulatory bodies have clarified that activities related to virtual currencies lack legal protection, and participation in such schemes can lead to significant financial losses and legal repercussions [7][8] Participant Profiles - Participants in these scams can be categorized into three groups: "operators" who aim to defraud, "smart investors" seeking quick profits, and "innocent victims" who suffer the most significant losses [13][14] - The return rates in these schemes are inversely related to their credibility, with higher promised returns indicating a higher risk of fraud [13][14]