The Suqian court disclosed an online pyramid scheme case in the name of investing in virtual currency financial management projects. The alleged offender created the "ACORNS" network platform, and issued "ACO" and other virtual currencies without actual business projects, and advertised that the virtual currency could participate in financial management to obtain high returns as bait. Members were required to pay 100 USDT for financial management as a threshold to obtain static income. As of the incident, the platform had more than 3,000 effective recharge members, and the accumulated funds were nearly 3.16 million USDT. After trial, the Suqian court sentenced the defendant to five years and three months in prison to three years, and imposed a fine ranging from 170,000 yuan to 100,000 yuan. (Suqian court official account)