Disclaimer: Caution should be taken when making purchases and although the information provided gives you some indication of trustworthiness, ultimately we do not and cannot provide assurance that the company is legitimate or should be trusted.
In last month, Bitcoin price went down 30% from ATH 68.5K, and ETH price went down 20% went down 20% from ATH 4.8K.
China's open market provides perks - lower cost, more options from more directions - however, it also provides the best liquidity for scammers. They came from nowhere, and disappear to nowhere overnight, and such stories repeated many times in different markets of China.
Below is a latest story that even a professional broker lost nearly 20K in a scam that he booked a bunch of L3+ miners but received only the shell without boards.