Day: July 9, 2025
-
Major Stablecoin Scam Rocks Mainland China — Founder of Xin Kang Jia Flees with Over 13 Billion RMB
A massive stablecoin scam has just shaken mainland China. Claiming to be a "Middle East financial giant" and the "China branch of Dubai Gold & Commodity Exchange (DGCX)," Xin Kang Jia was exposed for illegal fundraising, with nearly 2 million members reportedly affected.