On November 25, the People's Court newspaper published the article "Combating the "blockchain" pyramid schemes and technologies are indispensable." The article pointed out that in the face of the "blockchain" pyramid scheme fraud has risen and has a tendency to spread, while emphasizing its crackdown on the law, it should also be technically tied to the "cage." In other words, to combat the "blockchain" pyramid scheme fraud, legal and technical means are indispensable. As an upgraded version of traditional pyramid schemes, the “blockchain” pyramid scheme fraud is more deceptive and tempting, and it is most likely to be deceived. However, no matter how carefully packaged it is, in essence, it is consistent with traditional pyramid schemes and is prohibited by law.