The fraud Yang Zhang colluded with UGC to scam

In 2017, UGC is called UGT. And Yang zhang, binghua Wu and Bing Liu issued UGT, a hundred million in total. 50% of it was used as ico. They collected nearly 50,000 Ethereum and they showed off. At that time, 94 crisis occurred. UGT was facing to be off shelves. They just sold 13,000 Ethereum compared to their 50,000 coins. So they decided to change their name to UGC and made the total amount become a thousand million. The exchange rate is 1:10. So the total 13 million UGT became a hundred million UGC. The well-positioned blockchain game track, coupled with the myth of thousand times currency created by ico at that time, made many people willing to continue to hold firmly to this project. After going through the 94 crisis, Zhang Yang began to set up a bigger round. For the next round of major events, the team did not even plan to prepare for the New Year. Because they launched OKex exchange in early January. During the period, Li Jun (formerly the founder of OneBit) was brought in to open the platform for ugc. On January 25, 2018, ugc ushered in its own highlight moment: on the one hand, the ugc team attended the annual meeting of Jianan Zhizhi. On the other hand, high-profile official announcements at the annual meeting, various in-depth cooperation (formally announced the strategic cooperation with Jianan Zhizhi, and the establishment of industrial funds by listed companies such as Keda, People's Venture Capital, Yunyou Holdings, and Huicong.com , And the first investment in the ugchain project), the investment of up to 1 billion and other benefits have made currency holders excited. They feel that this is a practical application of the blockchain, and they feel that they have chosen the right project. But no one thought that this was just a scammer’s packaging for harvesting. From the annual meeting a few days later, the highest was 1.6 yuan, and the lowest was 0.002 yuan. In August last year, he was removed from the shelves by okex and the team lost contact. After being nakedly induced to harvest, investors naturally want to defend their rights, and in the process of defending their rights, they discovered many problems that they hadn't noticed before. Many investors reported that when they went to ugc for inspection, they were all taken to the office of Jianan Zhizhi on the 30th floor of Kaidi Yinzuo, Hangzhou. To put it bluntly, the ugc team is based in Jianan Zhizhi. The aftermath of ugc is also very thorough. First, the company was written off in September of 2018, and the holding company was also written off by the way. First, Chongqing Lianzi Technology Co., Ltd. was cancelled on September 3, 2018, and then the 51 block was cancelled on the 25th of the same month. Now ugc does not have any trading platform (only some investors open a liquid pool on uniswap by themselves), and it can basically be confirmed as zero. What is interesting is that Zhang Yang and others have not mentioned at any time in any scene whether ugchain still exists or not, and how the more than 40,000 eth raised are consumed.