The post Fujian MLM Cryptocurrency Leaders Sentenced, Appeal Rejected appeared on BitcoinEthereumNews.com. Key Points: Fujian court sentenced four leaders for cryptocurrency MLM fraud. Sentences range from 3 to 6 years, impacting similar crypto setups. Global risks persist in crypto-related pyramid schemes. The Shishi City Procuratorate has prosecuted a cryptocurrency-based MLM scheme led by Li, resulting in millions of RMB defrauded from participants in Fujian Province, China. This case exemplifies the dangers of using cryptocurrency and NFTs to mask fraudulent schemes, highlighting the critical role of legal intervention in protecting public financial interests. Leaders Found Guilty of Fraudulent Practices Following an investigation by the Shishi City Procuratorate, four individuals, led by Li, were convicted of organizing and leading a fraudulent cryptocurrency MLM scheme. They were sentenced to various prison terms ranging from three to six years with additional fines. The organization, disguised as a legitimate crypto project, used hierarchical recruitment and fake earnings to attract funds. The prosecution, led by the Shishi City court, highlighted poor revenue sustainability, noting that the project relied on new member investments rather than genuine business activities. This structure aligned with traditional MLM behavior, encompassing threshold fees like cryptocurrency purchase prerequisites. “Scams targeting investors who use cryptocurrency are skyrocketing in severity and complexity.” —Christopher Wray, Director, FBI Source Crypto Fraud Tactics and Regulatory Perspectives Examined Did you know? The Fujian crypto MLM scheme raised funds equivalent to over ¥20 million RMB, echoing the characteristics of worldwide MLM operations such as OneCoin, leading to hefty fines and legal interventions globally. According to CoinMarketCap, Ethereum (ETH) currently trades at $4,406.03 with a market cap of $531.83 billion. Its 24-hour trading volume increased by 25.08% to $35.88 billion. Despite a minor 0.37% spike in 24 hours, ETH experienced a 7-day decrease of 0.43%. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 07:10 UTC on September 2, 2025. Source: CoinMarketCap Experts from Coincu… The post Fujian MLM Cryptocurrency Leaders Sentenced, Appeal Rejected appeared on BitcoinEthereumNews.com. Key Points: Fujian court sentenced four leaders for cryptocurrency MLM fraud. Sentences range from 3 to 6 years, impacting similar crypto setups. Global risks persist in crypto-related pyramid schemes. The Shishi City Procuratorate has prosecuted a cryptocurrency-based MLM scheme led by Li, resulting in millions of RMB defrauded from participants in Fujian Province, China. This case exemplifies the dangers of using cryptocurrency and NFTs to mask fraudulent schemes, highlighting the critical role of legal intervention in protecting public financial interests. Leaders Found Guilty of Fraudulent Practices Following an investigation by the Shishi City Procuratorate, four individuals, led by Li, were convicted of organizing and leading a fraudulent cryptocurrency MLM scheme. They were sentenced to various prison terms ranging from three to six years with additional fines. The organization, disguised as a legitimate crypto project, used hierarchical recruitment and fake earnings to attract funds. The prosecution, led by the Shishi City court, highlighted poor revenue sustainability, noting that the project relied on new member investments rather than genuine business activities. This structure aligned with traditional MLM behavior, encompassing threshold fees like cryptocurrency purchase prerequisites. “Scams targeting investors who use cryptocurrency are skyrocketing in severity and complexity.” —Christopher Wray, Director, FBI Source Crypto Fraud Tactics and Regulatory Perspectives Examined Did you know? The Fujian crypto MLM scheme raised funds equivalent to over ¥20 million RMB, echoing the characteristics of worldwide MLM operations such as OneCoin, leading to hefty fines and legal interventions globally. According to CoinMarketCap, Ethereum (ETH) currently trades at $4,406.03 with a market cap of $531.83 billion. Its 24-hour trading volume increased by 25.08% to $35.88 billion. Despite a minor 0.37% spike in 24 hours, ETH experienced a 7-day decrease of 0.43%. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 07:10 UTC on September 2, 2025. Source: CoinMarketCap Experts from Coincu…