According to the judgment, Zou Beichen, under the direction of Wang Tingyou, designed a dual-ledger system and performance leveling program aimed at concealing the actual losses incurred during the operation of the brick-moving program. This system presented customers with false virtual currency holdings and distributed single-day trading losses across other trading days’ profits, creating a false illusion of daily earnings. Ultimately, Block Company was unable to maintain the facade of false profits and revealed the truth on June 1, 2018
Brick by Brick Fraud Taiwans Ton Ecosystem Member Gets Suspended Sentence Exposing Gaps in Virtual Asset Management Oversight