Crypto Scam? Chinese Authorities Investigate a Massive Mobile App With 95M Users

Authorities in Hunan Province are investigating the Chinese fitness app Qubu concerning illegal fundraising and financial crypto fraud. The premise of the app was simple; users walked at least 4,000 steps daily for 45 days in exchange for 15 “candies” – Qubu’s own digital currency. But concerns over marketing as an investment instrument have led...The post Crypto Scam? Chinese Authorities Investigate a Massive Mobile App With 95M Users appeared first on NewsBTC.