In-depth Investigation of the 18 Billion Xin Kang Jia Scandal: From a Small-time Pyramid Scheme Player to a Cross-border Fraudster's Crazy Journey

Recently, the Xin Kang Jia incident has caused quite a stir in the community. In terms of the scale of the involved funds and the momentum of the rights protection team after the collapse, there have been very few projects over the years that can compare. Let’s break down what hidden tricks are behind this.

First, a warning to everyone: those projects on the market that boast grandly, no matter how fancy the packaging, are essentially just a game of passing the buck, which is to say, a scam. Don’t let yourself be brainwashed to the point of losing your senses and putting your house and car on the line. Zhao Changpeng became the richest Chinese through Bitcoin; that’s a low-probability event. But if you gamble your entire fortune into a funding scheme, you’ll likely end up crying in the end.

Huang Xin: The "Evolution" from a Yunlianhui Lackey to a Fraud Mastermind

In the financial fraud circle, the name Huang Xin has become notorious. This character is like a fox that has slipped through legal loopholes, stepping on the hard-earned money of countless people to build his own short-lived "wealth castle."

Ten years ago, many may still remember the Yunlianhui pyramid scheme case in Guangxi. It was the "ancestor" of scams involving consumer rebates and point returns, with later schemes like Moginpai and Yuehuayueyou modeled after it. This massive pit, involving 330 billion and defrauding 5 million people, swallowed the savings of many families. At that time, Huang Xin was just a small player promoting Yunlianhui in East China. But don’t underestimate this position; he learned the "tricks" of pyramid schemes here, soaking up all the deceitful tactics like a sponge. Instead of pondering legitimate business strategies, he focused on how to spin more elaborate lies and how to lure more people into the traps they dug. This experience became the "stepping stone" for his later fraudulent activities.

In 2020, Huang Xin felt he had "graduated" and wanted to venture out on his own. He set up a so-called agricultural technology company and wrapped himself in the halo of "poverty alleviation breeding." He passionately spoke on stage about "poverty alleviation ideals," warming the hearts of many unsuspecting individuals. But in reality, he was more calculating than anyone else, merely wanting to replicate Yunlianhui's tactics to continue defrauding money. Unfortunately, he wasn’t skilled enough that time; not only did he fail to defraud money, but he also became a person of untrustworthiness, labeled as a "deadbeat" by everyone.

However, a greedy person like Huang Xin wouldn’t just stop. Times were changing, and fraud methods had to "upgrade." He summarized the lessons from his last failure and realized the old tricks wouldn’t work anymore; he needed to play some new games. In March 2021, he teamed up with Shao Xinkang and Wang Yanjia, taking one character from each of their names to form Guizhou Xin Kang Jia Big Data Service Co., Ltd. This company was registered with a capital of 30 million, but in reality, not a single cent was paid; it was just a shell, looking glamorous but lacking any substance.

To make it look legitimate, Huang Xin assigned himself a bunch of titles: "Wall Street Financial PhD," "Senior Executive of PetroChina," and boasted about having accurately predicted the oil price surge back in 2015, portraying himself as a "financial guru." Even more absurdly, he used a photo of Hong Kong's Liang Jiajie as his own "face," like wearing a fake mask while secretly engaging in various shady activities.

The Xin Kang Jia Scam Tactics: High-Interest Bait + Pyramid Scheme Model

Xin Kang Jia operated under the banner of the "Dubai Gold and Commodity Exchange (DGCX)," creating a DGCX Xin Kang Jia platform, using an outrageous daily interest rate of 1% and a monthly interest rate of 30% as bait. This return rate looked suspicious, yet many people still jumped in.

They divided the country into four major battle zones, creating various "military ranks" and rewarding those who brought in new members. Isn’t this just the old pyramid scheme playbook? To entice more people, they even threw out the temptation of "invest 500,000 and get a Tesla."

In fact, even before the scam collapsed, authoritative institutions had issued warnings, but many investors were blinded by the high returns and refused to listen.

Collapse and Run: 2 Million Investors Left Empty-Handed

In October 2024, Huang Xin likely sensed that the scam was about to collapse and obtained a Saint Kitts passport through investment immigration. This passport from a Caribbean island with a population of just over 30,000 allows visa-free access to over 160 countries and regions, indicating he had long prepared an escape route.

As expected, on June 25, 2025, the massive Xin Kang Jia finally couldn’t hold on any longer, and the platform became completely unable to process withdrawals, leaving 2 million investors’ money in vain. Meanwhile, after fleeing abroad, Huang Xin was still boastful in the member group, claiming he was living freely overseas and mocking investors for having "wealth that doesn’t match their intelligence," taking away "wealth that doesn’t align with their IQ." His arrogance truly made people grind their teeth in anger.

Currently, the police have intervened in the investigation, with many investors banding together to report to the police. 37 team leaders have already been captured, but Huang Xin continues to live a lavish life abroad. Among the victims, some lost hundreds of thousands in savings, while others even faced total bankruptcy.

Shenzhen Youke Chuang Company: What Hidden Tricks Are There?

After Huang Xin fled, a Shenzhen company called Youke Chuang was thrust into the spotlight. Veteran players in the community uncovered that several projects associated with this company had already collapsed and fled, and Youke Chuang was still filing complaints online about all articles related to Xin Kang Jia. Logically, this matter has nothing to do with them; why would they jump out to take the heat? There must be some hidden tricks here, which could potentially become a key breakthrough in the case.

Can Huang Xin Escape?

Many are concerned about whether Huang Xin can be captured. Let me say this: he can’t escape. Why? The amount involved is too large; an 18 billion scheme is no small sum. As long as he can be brought back, even recovering one-tenth would amount to over a billion, comparable to the plustoken case from back in the day. Remember when the plustoken people fled to Vanuatu? They were still caught. Most of the team leaders have also been apprehended. Now that the clues are becoming clearer, no matter how far Huang Xin runs, he will eventually be dragged back.

Many currency traders on OKEx have received such money, so they need to be cautious. Lastly, I must remind you: following me doesn’t cost a dime; perhaps one of my articles could help you avoid a big pitfall!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。