The Chinese court began a hearing in the case of the organizers of the Filecoin mining scheme – Bits Media

The Chinese People’s Court of the Pinnan district began open hearings in the case of five people, accused of creating a fraudulent scheme for MILECOIN cryptocurrency mining.

The prosecutor's office accused the defendant Lai Mouhan (Lai Mouhang) and his accomplices in the creation of cryptocurrency Pyramids on 600 Milln Yuan (about $82,2 million). According to the prosecution, in 2018 year Lai Mouhan and Lai Moujun (To moujun) founded Shenzhen Space-Time Cloud Technology, and then attracted to cooperation and other defendants: Hu (Hu) And Lyana (Liang). IN 2019 year Lai Mouhane created a website for this organization and accounting in WeChat, Popular Chinese application for messaging.

With the help of social networks, the defendants told potential investors about the distributed registry technology (DLT). Along with this, Violators promoted the model, imitating the economic structure of Filecoin. Thanks to this mechanism, miners, successfully creating new blocks, supposedly received Filecoin coins. To do this, the organizers of the scheme created the Filpool platform as part of Space-Time Cloud Company. The founders of the company sold investors to data storage and resources for cloud computing, and also promised investors various benefits and stable income.

Law enforcement officers reported, what in 2021 year Space-Time Cloud Company launched another platform, Using multi -level marketing (MLM). TO 2022 year Filpool's platform has attracted 57 122 Participant on 16 levels, what brought her significant income from the sale of cryptocurrencies. The Bpool platform has typed 37 015 participants on 11 levels.

The prosecutor's office claims, that the defendants performed fraudulent actions, violate economic and public order. The founders of Shenzhen Space-Time Cloud violated the criminal legislation, Since they lured investors promises of profit and used the hierarchical system of discounts. The prosecutor's office continues to investigate Lai Mouhane and his accomplices.

IN 2021 year, Chinese law enforcement officers detained 31 suspect in the organization of a fraudulent pyramid, who also promised a profit from the Filecoin mining. Besides, Last year, the authorities of the Chinese province Zhejiang increased fines for violating the ban on cryptocurrency mining.