Shenzhen Shikongyun Technology was operating in mainland China despite a ban on cryptocurrency activities in September 2021.
Shenzhen Shikongyun Technology accused of $83 million Filecoin pyramid scheme
Shenzhen Shikongyun Technology, a company focused on mining the Filecoin token, has been accused of running a pyramid scheme. Four of the company's executives were also charged. According to Chinese law enforcement, they had been soliciting investments in what was ultimately a pyramid scheme, exaggerating the likely returns from their mining efforts.