Fake. According to the query news network, China Judgment Document Network published a judgment of the People's Court of Linzi District, Zibo City, pointing out that Zhitian Xiao Bin Live Studio falsely claimed that it would be listed on NASDAQ in the United States with a fictitious 22 trillion antiques, released investment information to the society in the name of selling Zhitian original shares, and made false propaganda in the form of lectures, conferences, WeChat groups, etc., to attract others to pay for Zhitian original shares to become company members, and then obtained rewards and rebates by developing offline members.