The Shaanxi High Court released a typical case involving the self-built cryptocurrency trading platform that collected public deposits, with the involved funds exceeding 6.34 million yuan.

According to reports, the Shaanxi High Court has released a typical case of illegal public deposit absorption involving a self-built cryptocurrency trading platform. In June 2019, defendants Shi and Zhu, under the name of Shaanxi Silk Road Starting Point Network Technology Co., Ltd., established an office location in the Wealth Center of the High-tech Zone in Xi'an. They operated under the name of Zhongtou Shanquan Investment Fund Management Co., Ltd., utilizing a self-built BRTR platform to issue and trade $USDT, QC, and BRTR. Subsequently, they held promotional meetings in cities such as Xi'an and Chengdu to promote their platform, boasting about their company's strength to the public and fabricating an attractive investment prospect in cryptocurrencies. They lured the public into investing by offering guaranteed principal with high interest rates and the right to use luxury cars as bait. According to audits, by the time the case was reported, a total of 114 fundraising participants had filed reports, with a total fundraising amount exceeding 6.34 million yuan, of which more than 5.16 million yuan had been returned.