According to online reports, the Market Supervision Bureau of Shiyan City, Hubei Province, has recently received a number of complaints and reports involving virtual currency projects such as "Youchuang","Shiyihui" and "Ronghui Capital". Preliminary investigations show that these projects claim that they can earn profits from investing in cryptocurrencies, but in fact they use overseas currency speculation and develop members through fission methods. In addition to documentary investment, members also need to invite new people to participate in order to make profits. They are suspected of using pyramid schemes to carry out illegal financial activities are risky. The Shiyan City Market Supervision Bureau issued risk warnings in accordance with relevant regulations to remind the public to be alert to such virtual currency pyramid schemes.