According to the China Youth Daily News, using the new concept of “blockchain” and “virtual currency”, it has lied to issue virtual currency such as “BNM” and “TVB”. A group of people have arbitrarily accumulating wealth, and in a few months, they have continued to commit fraud crimes. The amount involved is more than 2 million yuan. On August 6, the People's Procuratorate of Xiangcheng District, Suzhou City, Jiangsu Province filed a public prosecution, and Zhang Daqiang (a pseudonym) and other 10 people defrauded the case in the Xiangcheng District People's Court. Currently, the case is at the court stage.