China Gold Platform Implodes in $600 Million Ponzi‑Style Collapse

Authored by GoldFix, ZH Edit

BEIJING, July 7, 2025 — Yongkun Holdings, a high‑profile “Internet + Gold + Finance” platform marketed as a secure, tech‑driven way to invest in physical gold, has abruptly collapsed, leaving investors in shock and authorities scrambling.

Bottom Line:

Once marketed through slick social media campaigns and aggressive affiliate networks, Yongkun attracted thousands of small investors across China by offering returns of 8–12% backed by purportedly bullion reserves. The firm’s sprawling network of regional “investment salons” and online seminars fueled the hype. But as withdrawals spiked last week, the company froze operations, triggering panic and reports of investor losses estimated near ¥4 billion (≈ $600 million) Video at bottom.

Focal Points:

• Multiple Yongkun sales outlets were shuttered in provinces including Guangdong and Sichuan.
• Regulators from the People’s Bank of China and Ministry of Public Security have launched raids; preliminary findings suggest new investor deposits were used to repay earlier participants—a classic Ponzi dynamic.
• Victims have formed online protest groups demanding access to company records and restitution.
• Analysts warn this collapse highlights the growing risks in China’s loosely regulated online gold‑investment and P2P finance sectors.

What’s Next: