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Chinese Cryptocurrency Platform Collapses, Prompting Concern That It Was Ponzi Scheme

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Chinese Cryptocurrency Platform Collapses, Prompting Concern That It Was Ponzi Scheme
Screenshot of video of Aishang’s victims talking to police. Oct. 15, 2020
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A Chinese cryptocurrency trading platform recently collapsed, prompting speculation that the site was running a scam.

On Oct. 15, the platform, Aishang, saw the cryptocurrency traded on its site named Tether plummet from 0.268U (USDT, equivalent to $0.28) to 0.05U within 3 minutes of opening.

Alex Wu
Alex Wu
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Alex Wu is a U.S.-based writer for The Epoch Times focusing on Chinese society, Chinese culture, human rights, and international relations.
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