Another scheme disguised as VC has collapsed.

This time it's "Qiming Venture Partners QMVP", with annual returns touted at over 600%. The trick is still the same: a static daily return of 0.5% is advertised, while the actual play is all dynamic. Refer a new user and receive 250 yuan directly, with commissions for the uplines and points for the downlines, layered nesting.

Not long ago, I saw ridiculous names like "Huawei Stablecoin" and "futu Youpei". The crypto space now really dares to stick any brand on itself, whether it's well-known venture capital firms, tech giants, or traditional brokerages, they all want to ride the wave.

But to be honest, this kind of gameplay has already drained the market dry. With each round of harvesting, the retail investors diminish, and if this continues, there won’t even be a plate left to serve.