Guangdong Golden Key Group has collapsed, involving losses of nearly 70 million yuan in virtual currency investments

ChainCatcher news, according to the Economic Observer, Lin Chunhao, chairman of Guangdong Jin Yao Key Holding Group, has admitted that the company has gone bankrupt, with total losses from its virtual currency business reaching 68.98 million yuan.

In a letter to investors, Lin Chunhao stated that the total funds raised from clients, approximately 1.339 billion yuan, have all been lost. In addition to virtual currency investments, the company has also faced investment failures in multiple areas including lending, stocks, and bills. Currently, the Economic Crime Investigation Team of the Futian Branch of the Shenzhen Public Security Bureau has filed a case for investigation. The company previously attracted clients with high interest rates, promising investors an annualized return of up to 9%.