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Xinhua News focuses on "March 15th": Beware of speculation in the Metaverse investment, as criminals use the guise of "future currency" to create fake trading platforms

14 hours ago

On March 16th, Xinhua News Agency released an article entitled "Focus on '3·15' | AI Face-swapping and Hype of Metaverse Investment." It was pointed out that under the guise of "future currency" and "high returns," some criminals have forged trading platforms, exaggerated revenue data, leading people to mistakenly think that investing in cryptocurrency is a sure thing. Once they have collected enough funds, they manipulate the market, causing the value of the "currency" to drop sharply and even shutting down the trading platform. Some criminals, under the banners of the Metaverse and blockchain, hype up game development related to the Metaverse, virtual reality and other concepts, claiming "earn money while playing games," packaging high-tech investment projects, publicly promoting false high returns, attracting public funds and showing the characteristics of illegal fundraising and illegal activities.

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