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China’s Biggest Gold Market Collapses, Dozens of Sellers Run! TikTok Stars Lose $1M in Scam

China’s Biggest Gold Market Collapses, Dozens of Sellers Run! TikTok Stars Lose $1M in Scam

Udumbara Udumbara
Feb 18, 2026 - 10:52
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Recently, a blogger named "Big Smart" shared that he was scammed out of over 7 million RMB (around 1.14 million USD) by a jewelry business in Shui Bei, Shenzhen. This news quickly went viral on the internet.

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