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　　When talking about Radar Coin, we must first mention ‘vpal’. Vpal is also known as ‘vTreasure Coin’, which started in 2014 and is basically the same as today’s Radar Coin in terms of promotional packaging, issuance rules, and profit models, all of which are ‘holding coins for interest and promoting for rewards’. Vpal claims to be issued by the ‘American Vpal Laboratory’, an open-source decentralized system, based on the RTXP protocol for global currency exchange… Within just one year of its issuance, vpal became extremely popular (especially in the areas of Jiangsu and Zhejiang), once holding a grand conference in Macau and inviting celebrities to speak. However, it was not until mainstream media began to expose its pyramid scheme nature that things changed – in September 2014, Tencent Finance column published an article in its ‘Prism’ column titled ‘Online Casino and How to Find It: The VTreasure Coin Pyramid Scheme Scam: 100,000 Players’ Dream of Getting Rich Overnight’. Ultimately, the coin’s price plummeted, and various official websites are now inaccessible, and it seems that the幕后 team has also abandoned promotion and changed course. Not long after vpal’s collapse was exposed at the end of 2014, news started to appear online about ‘vpal upgrading to radar’lottery tutorial and The latest method. In various online and offline promotions of Radar Coin, there is no hesitation in acknowledging that Radar Coin is ‘vpal 2.0’ and naturally inherits the various ‘heritages’ left by vpal on the internet. So, do vpal and Radar Coin have any connection? Let’s first introduce another company that is closely related to Radar Coin: Shanghai Lashan Network Technology Co., Ltd.! This is a ‘motivational’ story about how a college student who was down on his luck managed to build a pyramid scheme into a powerful one in eight years, affecting at least ten million people across the country. This story was exposed by someone who had long been in contact with the founder of Radar. Through consultation and investigation, we confirmed that most of it is true. That summer of 2008, Qijiang QI, who had just graduated from Shanghai University of Technology and Science for not long, began to step into society. According to informants, Qijiang QI’s family was not wealthy, and he often ate at the Sha County snacks outside the university gate during his college years, and even in the early days after graduation, he lived a hard life. Until the end of 2012, after several years of working, Qijiang QI saved some money and grew tired of the 9-to-5 life in companies, so he founded his first company, ‘Yongheng Cultural Communication’ (hereinafter referred to as ‘Yongheng’), located at Xianxia Road, Changning District. This ‘Yongheng’ is the predecessor company of Radar and the former registered company of Radar. In 2016, the company registered the website of the Radar system, but as of now, the website is inaccessible, which is a story for another time. Through the ‘Yongheng’ company, Qijiang QI earned his first fortune in life, although the company had ups and downs, but through this company, he gained some crucial human resources. Later, he met Gan Quanfu, a graduate of Harbin Engineering University (the second key figure), which laid the groundwork for Radar. Gan was also an important contributor to the later development of Radar.

　　This Gan is a high-achieving student, also a very impressive figure with an impressive resume, an early Bitcoin contact, and a person who is skilled in both technology and the market. Let’s take a look at his resume: Gan Quanfu, Master’s degree in Communication Engineering from Harbin Engineering University (211), specializing in Signal and Information Processing, joined Huawei’s mobile phone development department in 2007, and began to lead a team in the development of Huawei’s first Android phone in 2008. He was among the first batch of Android phone development teams in China. In 2010, he left Huawei and joined Nokia Siemens Networks, independently leading a team responsible for large optical transmission network software projects. He also led a team to develop automatic trading programs for Bitcoin (BTC) and Litecoin (LTC), which included buy and sell algorithms containing price range fluctuations and cross-platform hedging trading algorithms. As a master’s degree graduate with a technical specialty, he has served as a technical personnel in two internationally renowned mobile phone software development companies and as an early researcher and developer of virtual currencies. Additionally, I will add two more: Huahuo (the technical outsourcing was given to Gan) and one of the creators of Radar Coin. Gan was involved in an incident last year. The Huahuo that became famous last year and the Singularity that was supported by Gan Quanfu’s technology were also involved. After the Huahuo collapse in June last year, Gan was arrested. How many stories are there, and more will be told laterlottery and The latest method. In 2014, the predecessor of Radar Coin, VPAL, was launched, and this project was jointly initiated by Gan Quanfu and Qi. According to informed sources, the company’s address was behind Fudan University in Yangpu New Area, Shanghai. This Vbao Coin was the predecessor of Radar Coin, but later the project was named by CCTV and changed to Radar Coin. And the company that once created the Radar wallet and the Radar exchange was Shanghai Lashan Network Technology Co., Ltd. Starting from 2016, Lashan Network not only engaged in the technical development of Radar but also provided technical support for many other financial pyramid schemes, including the above-mentioned Singularity and Huahuo.

　　After 2015, radar began to do business on a larger scale, and Gan Quanfu’s contribution was significant. It was he who spread radar in the northern region of the pyramid scheme, which led to a large number of radar users coming from the north. However, doing the market also requires money, and radar had also faced difficulties.

　　In 2016, Shanghai Lashan received the angel round of financing from Chunquan Venture Capital, which exited in 2017.

　　In addition to the two founders, Qingdao Jiehui Network, and Chunquan Venture Capital, Shanghai Lashan changed its shares frequently after 2017, introducing many shareholders and senior executives, including: Chen Runhui, Chen Runyi, Li Cong, Chen Qiong, Wei Guangquan, Tan Yanfei, and others. Most of them are related to another health product company – Hainan Shile Health Industry Co., Ltd. (hereinafter referred to as Shile). Shile established more than a dozen affiliated companies in Fujian, Dongguan, Hainan, Shenzhen, Ningbo, and other provinces and cities in less than a year from April 2017 to early 2018.

　　Li Cong, Wei Guangquan (the third and fourth key figures) are active investors in the Guangdong and Fujian regions, who have created and invested in many companies. However, most of them have had bad endings and poor reputations, and many have been dissolved. After 2017, the radar wallet at that time had been packaged as “United States Radar Laboratory”. In fact, it is still the Shanghai Lashan Network, but at this time, radar was already very wealthy. The following two years were the two years of radar’s outbreak, during which Gan Fuguang was responsible for the northern market, and Qi Jianqiang was responsible for the southern market, and they did market operations separately, and toured all over the country. During the two years of radar’s outbreak, law enforcement agencies across the country began to ban and warn about radar coins. After 2019, all the 1234 key figures of radar coins were in a state of disconnection, and some people believe that they had earned enough and ran away. This can be verified by an event: in June 2019, there was a civil trial, and the court seized all the properties of Gan Quanfu and Shanghai Lashan, and Shenzhen Lashan, valued at over 6 million yuan, and required the defendant to appear in court on time.

　　However, the court’s delivery announcements were sent out multiple times within half a year, but failed to contact either party. The last delivery announcement was in May last year. “Since the other party is not traceable, delivery cannot be made through other means.” Finally, Gan Quanfu was arrested, and the announcements were not issued anymore. Gan’s arrest led to the collapse of Huahuo and Qidian. There is a saying that Gan Quanfu confessed to the above two plates in order to atone for his sins. From then on, everyone should be able to see a fact, that is, most of the radar coin manipulators are domestic, and most of them have fled except for those who were arrested. The system belongs to foreign countries, the manipulators are overseas, and a large number of domestic companies that can be publicly searched have been dissolved (largely concentrated in 2019 and 2020), and they cannot be contacted, which also explains why radar dares to be so audacious in doing pyramid schemes. In July, the National Market监督管理 Commission exposed and warned about radar coins, and on September 7, another law enforcement agency issued a warning about radar. Such warnings will not stop in the future. The story of radar started with Qi Jianqiang, rose with Gan Fuguang, and gradually went downhill with the arrest of Gan Fuguang!