BlockBeats News, May 24th. Recently, the Cyberspace Administration of China, together with the financial regulatory authorities, has lawfully dealt with a group of accounts and websites spreading false information about the capital market, engaging in illegal stock recommendations, and hyping cryptocurrency trading.
Among them, accounts and websites such as "Fire Brother Talks Crypto" were involved in promoting and hyping cryptocurrency trading. Weibo accounts "Fire Brother Talks Crypto," "Finance-Xu Yanwen," "Arn-Coin Talk," Zhihu account "Post-00s Wealthy Generation," and others used group chat information, profit screenshots, and other forms to induce netizens to participate in cryptocurrency trading. Domestic websites such as pkex, weex, htx provided application download services or indirect trading services for overseas cryptocurrency exchanges. The relevant accounts and websites have been lawfully closed.
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