Lawyer Chen Yunfeng: Investors should rationally judge blockchain projects and pyramid schemes

According to the financial community, on July 22, Chen Yunfeng, senior partner of Zhonglun Wende Law Firm and director of the Internet Finance Professional Committee, published the article "Illegal Analysis and Crime Determination of Plus Token". The article pointed out that with the blockchain and The popularity of cryptocurrency, with blockchain and cryptocurrency banner, is actually a project of MLM activities not only with Plus Token. Recently, the People’s Court of Zhifu District of Yantai City publicly tried to organize and lead the pyramid scheme, and the five defendants, including Wang Mogang, issued a virtual digital currency “alliance ticket”, organized and led the pyramid scheme to absorb funds of 280 million yuan. Judgments and judgments are punishable by fixed-term imprisonment ranging from three to seven years, and penalties ranging from 100,000 to one million. At the same time, the money involved in the case is confiscated and turned over to the state treasury. In the face of the current wide variety of investment projects, investors should make rational judgments, correct district blockchain projects and pyramid schemes to prevent blind investment damage.