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On July 15th, YouBiXuan issued a statement stating that the company has recently received multiple reports of criminals using the company's name to promote a fake website through various channels such as WeChat, Douyin, Xiaohongshu, Baidu Tieba, email, etc., and promoting an app called "YouBiXuan Business Edition" to users through the establishment of "potato groups" and other methods, in order to expand their downlines, rebate investments, and other fraudulent activities. The company has immediately reported the case to the public security organs and will resolutely take legal measures to severely crack down on any illegal activities of using the company's name for fraud and hold relevant individuals legally responsible.
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