Bitcoin, the cryptocurrency has once again gained public attention. Anbound's research team has warned several times that bitcoin’s hype may put the investors at risk. Although there is considerably less bitcoin’s hype in the market, the risk has not lessened. To date, China Banking Regulatory Commission has yet to impose any Bitcoin specific regulatory measures. The fact that the regulatory body has yet to accord any legal status to Bitcoin should put the investors on alert. As there are more problems emerge from the bitcoin trading platforms, it might not be too long before Bitcoin reveals its true colour.