Svmuu News: The Hebei Provincial High Court has released typical cases involving the crackdown on illegal fundraising. A man used the “metaverse” concept to package an investment project and promoted the “Newmateworks” platform—operated by “Yishang United Community”—to the public, offering investment opportunities in virtual goods. He induced the public to participate in the investment, directly referring 19 investors who invested a total of 15,393,600 yuan on the platform. Of this amount, 1,101,400 yuan has been returned, with 14,292,200 yuan still outstanding. The court ruled that this case involved fraudulent marketing under the guise of emerging technological concepts such as the “metaverse,” violating national financial management laws and regulations. Given the substantial amount involved, the conduct constituted the crime of illegally absorbing public deposits. Chen was sentenced to five years and four months in prison and fined.