TechFlow news, according to Wu Shuo's report, based on the official account of Liu Honglin, director of Shanghai Mankun Law Firm, multiple core members of a domestically-based organization bearing the name "DAO" have been arrested simultaneously in various regions across China. Upon investigation, this well-known domestic "DAO" is in fact a traditional pyramid scheme. The organization has conducted numerous offline activities in cities such as Xi'an, Harbin, and Zhengzhou, using the name "DAO" to establish so-called "core training camps," and is not a recognized project in the cryptocurrency space.
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