2026-01-02 10:22:57

The unlicensed virtual asset trading platform that caused a stir last year has attracted widespread attention due to suspected fraud. Several public figures involved in promoting the platform misled investors into entering the market and subsequently faced legal sanctions.

The latest judicial developments show that one internet celebrity has been charged with money laundering. Between November 2020 and August 2023, they processed funds through multiple accounts at ZhongAn Bank, Mox Bank, Lihui Bank, and HuiLi Bank, with a total transaction amount exceeding HKD 18.8 million. The complexity and scale of these fund flows reflect the severity of the scam.

This case serves as a warning to cryptocurrency investors—trading platforms without proper licenses are extremely risky, and celebrity endorsements do not equate to safety guarantees. When investing in virtual assets, it is essential to choose regulated and compliant platforms recognized by authorities, and to be cautious of projects promoted through celebrity influence or influencer marketing. Only compliant and transparent exchanges are the first line of defense in protecting assets.

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TokenTaxonomist

· 3h ago

actually, let me pull up my spreadsheet on this one... 188M HKD flowing through four different banks? that's not chaos, that's systematic. taxonomically speaking, these "influencers" are just evolutionary dead-ends in the crypto ecosystem tbh

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RektButAlive

· 4h ago

Another classic scam by celebrities, 18.8 million HKD... These people really dare to play --- Unlicensed platforms + influencer recommendations = 99% scams, we need to remember this --- Honestly, I just run when I see coins endorsed by celebrities; staying alive is more important than anything --- Licensed exchanges are really a bit more expensive but give peace of mind; everyone who has been scammed understands --- Every time I see cases like this, I think of the heartbreak when I was scammed years ago; I must choose licensed platforms to play --- When the influencer money laundering case broke out, I became even more convinced that small platforms should be avoided --- 18.8 million, that's the dream of many retail investors, I feel heartbroken

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GateUser-e19e9c10

· 4h ago

Is this the same old story? Celebrities dare to spend money on endorsements, serves them right --- 18.8 million HKD washed around, their guts are really big --- I've said it before, don't even touch platforms without licenses, yet some still fall for it --- What’s the point of online influencer endorsements? Open your eyes and check your wallet before talking --- Do you have to suffer losses to learn? The compliant platforms are right there --- The scammers are in jail, what about the retail investors who got duped --- I just want to know how those promoted influencers are feeling now haha --- 18.8 million, my goodness, this is the blood and sweat of the retail investors --- Whether a platform is compliant or not depends on if it has a license, don’t you have basic common sense? --- Another "hundredfold coin" dream shattered scene, will they learn their lesson next time?

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HallucinationGrower

· 4h ago

Same old story again, do celebrities have to die when they promote products? These conscientious influencers should have been regulated long ago. 18.8 million HKD, oh my god.

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TommyTeacher1

· 4h ago

It's the same story again. Celebrity endorsements dare to go all in, no wonder they lose everything.

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