Eyewash investment platform for virtual coins collapses: How high-interest eyewash schemes turn investors into accomplices?

Recently, an investment and financial management platform named "Xingkangjia" has sparked heated discussions. It is reported that the platform involves about 2 million investors, with a case amount reaching 13 billion yuan. After the platform's funds became non-withdrawable, the company's founder claimed to have left the country.

Xinkangjia uses virtual currency investment as a guise to attract consumers with high returns. The platform claims a daily yield of 1% and develops downlines through high rewards. Even in situations where payouts are impossible, there are still users joining. This eyewash model is not new, yet many consumers still take the risk to participate in this "fool's game."

An investor from Hubei shared his loss experience on a social platform, resonating with many other investors who suffered similar losses. Another investor, Zhang Yi, quickly discovered that his mother was involved and promptly requested the return of his 15,000 yuan investment.

According to Wuhan investor Huang Zheng, the platform claims that by participating in overseas gold and oil investments, it can achieve a daily return rate of 1%. However, the invested funds cannot be withdrawn within a month. When the platform collapsed, Huang Zheng's investment of over 30,000 yuan could no longer be recovered.

After the platform could not process withdrawals, Xinkangjia claimed that the company's accounts were frozen by regulatory authorities due to tax evasion. To withdraw, users must "pay taxes" at 10% of their holding amount, and then can earn 1% daily until they accumulate 100 USDT, but the withdrawal fee is as high as 50%.

Police in multiple regions have issued risk warnings, stating that Xinkangjia is suspected of fundraising fraud. The platform develops downlines through methods such as "direct push rewards" and "team commissions," determining levels and profit-sharing ratios based on the number of team members.

The operating entity of Xinkangjia, Guizhou Xinkangjia Big Data Service Co., Ltd., has recently applied for cancellation of registration. Industry experts point out that this is a typical case of illegal fundraising and fraud, where criminals use stablecoins like USDT to bypass regulation and quickly transfer funds overseas.

It is worth noting that some participants knowingly take part despite the risks, attempting to profit from the "eyewash game." However, legal experts warn that even if one is not a core member, as long as they actively participate and reach a certain scale, they may still constitute joint crime.

For ordinary investors, experts recommend that before investing, they should clarify the flow of funds, the purpose of the investment, the regulatory authority, and the party responsible for liabilities. For "investment opportunities" with unclear compliance, do not blindly believe the saying "early entry, early profit."