Some say that Radar Coin has been around for many years, proving it is legal, otherwise it would have been eliminated long ago! But the editor wants to say that the person who says this is either crazy or foolish!

　　Does ‘Radar Coin’ only rise and never fall?

　　Why does the anti-fraud sister (hygcz2020) say so? First, let’s take a look at the highest price and the current price of ‘Radar Coin’:

　　A Sogou user said: The predecessor of Radar Coin, Weibao Coin, I remember was 900 yuan each.

　　Then, the price displayed on the website https://vpalchina.com is 209 yuan.

　　Let’s take a look at the situation of Radar Coin from March to August last year.

　　From the K-line, it can be seen that Radar Coin has experienced the highest increase in its history in these months, rising from around 120 to around 500, the highest in history, in just a few months.

　　The displayed selling order price on the website is the highest at 265, with buying prices ranging from 150 to 206 yuan.sports betting cheatsThe latest plan

　　In summary, those who bought ‘radar coins’ for about 500 yuan last year have now lost three-fifths of their principal, so how can there be only growth and no decline?

　　Screenshot from the article in the Heilongjiang Daily
lottery and The most fun game
　　Although many coins are bought and sold freely with no restrictions, ‘radar coins’ are different. According to a recent article by the Heilongjiang Daily, the maximum transfer amount per day is 300,000 yuan, which means that it is not allowed to transfer all the radar coins in one account at one time.

　　1. Buying coins: a handling fee of 0.3% of the ‘coin’ is charged after the transaction; 2. Selling coins: a handling fee of 0.3% of the ‘RMB’ is charged after the transaction.

　　The website shows that buying coins incurs a 0.3% handling fee, and selling coins also incurs a 0.3% handling fee, so the total transaction cost is 0.6%.

　　The safety of ‘radar coins’!

　　[1] In March 2020, victim Li Mou was robbed of over 2,000 radar coins. After reporting the case, it took 5 months to finally solve the case, arrest 4 suspects, return 420,000 yuan of stolen property, and legally dispose of the suspects.

　　[2] On March 25, 2021, the Qingpu District Public Security Bureau of Nanchang City Public Security Bureau announced that it had successfully cracked a new type of cybercrime case involving the theft of blockchain currency using hacker network technology. As of now, 6 suspects involved in the case have been arrested, with a total amount involved of 14.5 million yuan.

　　[3] Over 10 million yuan transferred away! This case involving ‘radar coins’ in Heilongjiang province has been solved!

　　Although the three ‘radar coin’ theft cases mentioned above were eventually solved by the police, they are enough to prove the riskiness of ‘radar coins’!

　　Legal risks involved in ‘radar coins’!

　　Recently, the Wudalianchi Municipal Public Security Bureau, in conjunction with the Food and Drug Administration, lawfully shut down an illegal pyramid scheme den, effectively protecting the vital interests of the people. On December 12th, the Economic Crime Brigade of the Wudalianchi Municipal Public Security Bureau received a public complaint that someone was conducting illegal pyramid selling on a street in the city, selling radar coins. The Economic Crime Brigade immediately organized police to investigate. Preliminary investigation found that there was indeed a shop selling and promoting radar coins. Radar coins have been officially identified by the state as a new type of currency pyramid scheme, and selling and promoting them are all illegal acts. On December 13th, the Economic Crime Brigade of the Wudalianchi Municipal Public Security Bureau, in conjunction with the market supervision department of the Food and Drug Administration, jointly enforced the shutdown of the illegal propaganda and selling radar coin pyramid scheme. During the law enforcement process, the market supervision department found that the shop did not have a business license, and was operating without a license. The shop sign was immediately removed by force of law, and the shop owner was ordered to assist in the investigation. The case is under further investigation. Public Security County: Illegal promotion of ‘radar coins’ investigated, be vigilant of token financing activities. Jingzhou News Network reported (reporter Chen Mingyang) that in recent years, some illegal elements have used the banner of financial investment to engage in financing activities, absorbing public deposits in rural areas and other regions, causing many people to lose their hard-earned money. Recently, the Market Supervision Bureau of Public Security County has cleaned up a ‘radar coin’ sales den.In the dormitory of the Puxian County Yangtze River Rivercourse Administration Bureau, the Market Supervision Bureau of Puxian County removed the radar coin promotional exhibition boards in the rented house of Yu Mou and revoked his business license. It is learned that Yu Mou used to work in Guangdong and returned to Puxian last November, starting to do business in ‘radar coin’. Not only did he buy the so-called ‘radar coin’ himself, but also encouraged his relatives and friends to buy it together. Radar coin is a virtual currency, and you pay real gold and silver, but you get a string of numbers on the Internet, which fluctuates up and down, but all are manipulated by humans. It can be said that it has no investment value and is invisible and intangible.　　Yu Mou not only mobilized his relatives and friends, but also promoted radar coin to Daisi Village, Puxian County, suspected of illegal activities. On January 29, market supervision departments jointly with the Puxian County Branch of the People’s Bank of China conducted a discussion with Yu Mou, and on February 2, his business license for online consultation was revoked. Wu Chenguang, the head of the Accounting and Issuance Department of the Puxian County Branch of the People’s Bank of China, said that radar coin is not issued by the monetary authority, that is, not issued by the People’s Bank of China, and cannot be circulated and used in the market, and is not protected by law. No organization or individual may engage in token issuance and financing activities. The public should attach great importance to and be highly vigilant of all kinds of investment and financial management activities using this Online casino and How to find it name, and improve their own identification ability.

　　Illegal promotion of ‘radar coin’ investigated, be alert to token financing activities

　　Tieke coin pyramid scheme investigated by Xi’an Public Security Bureau: On August 11, 2018, the Xi’an Public Security Bureau of Shaanxi Province launched a large-scale operation to

　　Hong Kong Bitcoin payment platform closed: In 2015, a Hong Kong Bitcoin payment platform suddenly closed, involving an amount of 3 billion Hong Kong dollars. The illegal elements of the platform used the guise of Online casino and How to find it and financial innovation, luring people in through heavy rewards and developing subordinates layer by layer. Since the interest rates paid to early investors came from the funds of later investors, after no new investors joined, the organizers suddenly disappeared, causing heavy losses to a large number of investors.

　　Yadui coin was investigated by Hainan police: In July 2018, the organization involved in the Yadui coin case in Hainan Province attracted more than 40,000 participants in one year, absorbing more than 40 billion yuan in funds. According to the disclosure of the Public Security Bureau of Changde City, Hunan Province, the pyramid scheme organization involved in the特大 network pyramid scheme case of Wafu coin in 2016, absorbed more than 130,000 members in less than two months, and collected nearly 20 billion yuan in pyramid scheme funds.

　　The Wika coin pyramid scheme case was sentenced by the Hunan Zhangzhou Court: On September 8, 2017, the People’s Court of Zhangzhou County, Hunan Province, sentenced a major pyramid scheme case involving more than 1.6 billion yuan. After the trial of Zhangzhou County Court, it was found that the pyramid scheme organization was a Wika coin pyramid scheme organization that promoted Online casino and How to find it to China from overseas. The pyramid scheme website and marketing model were established by Bulgarian Lu Ya, and the server was set up in Copenhagen, Denmark. It claimed to be the second generation of encrypted electronic currency after ‘Bitcoin’.

　　There are too many similar cases, and the editor will not list them one by one. According to news reports, in a village in Hubei Province, more than 20% to 30% of the people are involved, among whom many elderly people have invested their pension. According to the report of Daqing Net journalists, the predecessor of radar coin is Vpal, also known as Vbao coin. As early as 2014, Vpal was exposed to be a new pyramid scheme fraud disguised as a cryptocurrency. It deceives money by taking advantage of people’s lack of understanding of cryptocurrencies through a viral pyramid scheme. In 2017, radar coin was listed among the 350 illegal pyramid scheme organizations announced by CCTV. Why are there still people deeply involved in it today in 2021? This is a problem worthy of reflection by all sectors of society, including regulators!

　　Source: Anti-Fraud Alliance (FPDLM2020) Comprehensive anti-fraud Miss (hygcz2020), Heihe City Public Security Bureau, Jingzhou News Network, Yantai City Public Security Bureau (yantaiwangjing), Hubei News Xingtianxia, Jiangsu City Channel, CCTV News, Tencent Travel Jiangxi, Heilongjiang Daily, Daqing Net, Public Security News Network, etc., hereby express our gratitude! Article selection

　　1, Net police alert: Unveiling the radar coin fraud, please forward!

　　2, the victim’s loss of GEC environmental currency is 780,000 yuan, the person in charge will be sued, but the result is surprisingly disappointing

　　Can the victims of pyramid schemes also be compensated? ‘Zhongshiwenti’ carries out pyramid scheme fraud under the name of investing in virtual online stores and company equity anti-fraud strategy

　　There is no free lunch in the sky, overnight wealth is not feasible; investment cannot be too careless, be careful of high returns; online posts cannot be taken as evidence, do not easily believe in asset background; propaganda cannot be seen from data, the actual situation of the company needs to be investigated; close friends cannot be taken lightly, whether it is legal or not needs to be clarified; transfers cannot be private to private, and the reason without evidence is not clear; if deceived, do not be afraid of shame, collect evidence and then report to the police; Editor’s WeChat 18679505701

　　More anti-fraud knowledge, please pay attention to Anti-Fraud Alliance (FPDLM2020)