Xin Kang Jia deceived 2 million investors, leading to a staggering loss of 13 billion RMB. The platform’s false projections of 2% daily returns created a significant financial impact on many individuals.
The collapse underscores the necessity for regulatory measures in the crypto sector to safeguard against fraudulent practices, particularly as Xin Kang Jia represents one of China’s largest fraud cases in digital assets.
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