It's best for us in the crypto community not to go to offline CX studios in China, especially those involved in pyramid schemes with coins. If a good friend invites you, don't go either. If you can't refuse outright, just bring a brand-new phone—don't install anything. Right now in Wuhan, police directly go to these studios, seize others' phones, and have them unlock the devices. When they see exchanges or wallets with funds, they transfer the money away immediately. If not, they arrest people. The government is cracking down on illegal activities like virtual currency money laundering, but their excessive enforcement has turned into a tool for profit.



This incident makes me think of the Ming Dynasty Wanli Emperor's mining tax officials incident. During Wanli's reign, he rebuilt the palace, but the treasury was empty. He sent eunuchs across the country to oversee mining and collect taxes. These eunuchs didn't actually mine; they extorted under the guise of surveying for minerals. They would arbitrarily target wealthy households' homes, fields, or ancestral graves, claiming there were mineral veins underneath, and force excavation. If the owners paid bribes, the eunuchs would find no minerals or stop mining and leave. If not, they would actually dig, shut down shops, arrest people, seize property, or even dig up graves to find minerals.

When the economy is bad, all kinds of absurd things happen. Everyone can experience this firsthand. Let's protect ourselves well. We all need to be cautious—caution is the key to a long-lasting journey!
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin