Esquema de troca de criptomoedas na China exposto! O esquema de fundos Yuzhi levantou 20 bilhões de yuans e fugiu

China-based Yuzhi Financial Co., Ltd. operates a capital pyramid scheme under the guise of “virtual currency trading.” The company claims that investors can earn a fixed 1% daily profit from Bitcoin contract trading, with additional dynamic rewards for recruiting others. The minimum investment is 7,400 RMB, and the 30-day cumulative return is claimed to reach 370.6%. Assuming 3 million members are real and the minimum investment is 7,400 RMB, the scale of the pyramid exceeds 20 billion RMB.

Design of the Perfect 1% Daily Profit Virtual Currency Trading Scam in China

Yuzhi Financial’s virtual currency trading scam is highly deceptive. Investors first need to purchase Tether (USDT) on global platforms like OKEx, but buying U is not completed within the platform. Instead, they transfer funds to an introducer, who then forwards them to a superior, and after an unknown final destination, the corresponding assets appear in the HSEX account. New users receive a gift of 200U upon opening an account, forming a “bottom position.”

Based on this bottom position, investors can follow the founder of Yuzhi Financial, who claims to be “Chen Yuzhi,” to copy trades in Bitcoin contracts. Chen Yuzhi sends a string of letters, which investors copy into HSEX to complete buy and sell transactions. Each trade yields a fixed 0.5% return. With two trades per day, the daily return is 1%. This seemingly professional virtual currency trading operation involves no real transactions; the account total assets displayed in HSEX are just numbers.

Dynamic returns are the core multi-level marketing mechanism of the pyramid. Investors earn high commissions by recruiting others; the more people and funds they bring in, the higher their earnings. According to the rule “inviting newcomers to open positions shares 20% of their initial deposit as a bonus, and the inviter’s superior can receive an additional 5% with practical assistance,” a pyramid structure is formed. The higher the spokesperson’s level, the higher the bonus rate for recruits. Some investors even recruit family members, such as their mothers, and develop 20 elderly people.

Four Major Features of the Yuzhi Virtual Currency Trading Scam

Fake Virtual Currency Trading Claim: Claims to follow Bitcoin contracts but no real trading occurs; account figures are fictitious.

Dual Reward Temptation: Static 1% daily income + dynamic recruitment bonus, claiming a total return of 370.6% over 30 days.

Impersonation of Authorities: HSEX name mimics HKEX, falsely claims deep cooperation with “Hong Kong Stablecoin Exchange.”

Secondary Exploitation Tactic: After a collapse, demands a 20% deposit and 30% handling fee to withdraw funds.

Sweet Rewards Before Collapse and Despair at the Crash

The experience of Wang Qin, an investor from a fourth-tier city in Southwest China, is typical. On October 9, 2025, a friend, Chen, introduced Yuzhi Financial, claiming he had earned several ten-thousand yuan since June. To gain Wang Qin’s trust, Chen showed a monthly rent subsidy of 500 USDT, which was just displayed by hanging the Yuzhi Financial name as the studio address in a physical store. Wang Qin invested 15,000 RMB to buy 2000U, plus a 200U sign-up bonus, forming a 2200U bottom position.

It takes 50 days to reach the threshold for doubling the bottom position and cashing out. Wang Qin had her husband invest 30,000 RMB, or 4000U, to “enter.” According to the recruitment rules, she also received 1000U in benefits. On November 9, her account balance reached 4500U. She applied to withdraw 1000U, which was approved within two hours, with a 10% handling fee deducted, arriving in her account as 900U. She then sold U on OKEx for 66,000 RMB. This successful withdrawal was the “sweet reward” from the pyramid scheme, convincing investors that the scam was real.

On November 26, Wang Qin wanted to withdraw again, but the annual dividend activity was active, prohibiting withdrawals. Daily earnings could reach 2%, and seeing her account grow by 24U daily (about 300 RMB), she was very happy. However, on December 8, HSEX displayed a notice from “Hong Kong Stablecoin Exchange,” claiming Yuzhi Financial was involved in money laundering and false trading, leading to increased withdrawal fees to 30% and a requirement to pay a 20% deposit of the total account amount as a self-certification deposit. After the annual dividend activity, everyone’s total account balance was inflated, and the fees to be paid also increased.

Leader’s Gray Industry Chain and Year-End Runaway Peak

Li Xu, a private anti-pyramid scheme personnel, stated that year-end is the peak period for pyramid scheme runaways. First, recent regulatory warnings across various regions have made project operators feel threatened; second, these pyramid schemes earn enough by year-end, prompting investors to withdraw, reducing inflows; third, some platforms are busy rebranding and preparing for a new round of harvesting. Yuzhi Financial has developed several similar apps like “HSEX1,” which are used nationwide to recruit new members and harvest.

These pyramid schemes form a “pyramid circle,” consisting of a group claiming to have long-term experience in exiting before multiple collapses, led by “leaders.” The consensus within the circle is that each project has a lifecycle; to make money, they keep seeking new projects and timing their entry and exit. Leaders actively post on social media about “new cars,” “new oak,” or “sheltering xx platform (already collapsed) refugees” to raise funds for the next project. Some first-time victims, hoping to recover their losses, believe under the brainwashing of leaders that they will be guided to success.

Huang Jinliang, a lawyer at Yingke (Shenzhen) Law Firm, stated that for those professionally “playing the scheme,” any introduction of investment constitutes “recruitment,” which should be legally considered as joint criminal conduct. Some so-called smart people think that investing early and leaving quickly means they won’t be exploited, but they may encounter “short-lived schemes” designed specifically for “smart people,” which collapse within half a month. For honest people brought in, legally, all investors in the pyramid are considered “fundraising participants,” not “victims.”

Huang Jinliang found that illegal fundraising activities like pyramid schemes have been increasingly infiltrating counties and rural areas in recent years. Compared to developed regions, rural populations are more deeply deceived and suffer larger losses, mainly due to information asymmetry, social trust biases, and lack of traditional financial channels. Rural bank financial products yield less than 4%, while platforms offering daily yields of 1% (annualized 365%) create a stark contrast. Even with legal risks, many are willing to “cover risks with high returns.” Huang Jinliang reminds that when high-return financial products are encountered, one should assess whether the return rate exceeds market norms and verify whether the involved institutions have legitimate qualifications.