Core Viewpoint - The article discusses the controversial situation surrounding the "DGCX Xin Kang Jia Data" trading platform, highlighting the alleged fraudulent activities and the mysterious figure known as "Mr. Huang" who is believed to be the founder, Huang Xin [2][4][5]. Group 1: Company Background - Xin Kang Jia was established on March 1, 2021, with Huang Xin, Shao Xin Kang, and Wang Yan Jia as shareholders, holding 35%, 35%, and 30% respectively [4]. - Huang Xin has never held a specific management position in Guizhou Xin Kang Jia, raising questions about his role and identity as "Mr. Huang" [5][6]. - The company has been linked to a series of operational irregularities, including being listed in the business anomaly directory due to uncontactable registered addresses [4][17]. Group 2: Operational Model - Xin Kang Jia employed a strategy of leveraging a "state-owned enterprise identity" and utilized digital currency for transactions, which attracted a large number of members quickly [7][10]. - The platform operated on a pyramid scheme model, categorizing members into nine levels with increasing rewards based on the number of recruits [9][10]. - Members were encouraged to recruit others, with the organization divided into "four major battle zones" for promotional activities [8][9]. Group 3: Current Situation - As of June 26, 2023, the platform faced severe operational issues, including withdrawal suspensions, leading to widespread panic among its 1.8 million members and potential financial losses exceeding 10 billion yuan [2][11][17]. - Huang Xin's alleged departure with funds has led to a split among members, with some still believing in the platform's recovery while others seek legal recourse [13][14]. - Regulatory bodies have issued warnings about Xin Kang Jia, labeling it a typical pyramid scheme and indicating that it lacks legal operational status in China [18][19].

Core Viewpoint - The "DGCX Xin Kang Jia Data" trading platform, known as "Xin Kang Jia," is facing severe allegations of financial misconduct, including withdrawal suspensions and platform crashes, leading to a significant loss of trust among its 1.8 million members and over 10 billion yuan involved [1][10]. Company Structure and Operations - Xin Kang Jia operates under the entity "Guizhou Xin Kang Jia Data Service Co., Ltd.," which was established in March 2021 by three individuals, including Huang Xin, who later transferred their shares to Liu Hailiang in April 2024 [2][3]. - The platform's rapid growth is attributed to its promotion of a "state-owned enterprise" identity and the use of digital currency for transactions, employing a "pyramid scheme" model to attract investments through member recruitment [4][5]. Allegations and Legal Issues - The platform has been linked to illegal fundraising activities, with regulatory bodies in various provinces issuing warnings about its operations, labeling it as a typical pyramid scheme [10][11]. - The name "DGCX" in the platform's title falsely implies a connection to the Dubai Gold and Commodities Exchange, which has not authorized any operations in China [9][10]. Current Status and Future Prospects - Following the withdrawal of key shareholders and the announcement of a company dissolution, the platform has been unable to facilitate withdrawals since June 26, 2023, leading to a crisis among its members [10][11]. - Despite the turmoil, some members remain hopeful for a recovery, with plans to potentially shift operations to Hong Kong, where a new company has been registered [7][8].