Tech Daily: Beware of Criminals Acquiring Digital Currency Wallets to Commit Online Fraud

BlockBeats News, December 21st,

published an article titled "Digital Renminbi Application Accelerates, Be Cautious of These Fraud Traps". Liu Xiaochun, Director of the Shanghai Institute of Digital Finance, revealed that some criminals use instant messaging tools and other channels to spread information about purchasing digital Renminbi wallets with the lure of high returns. They then use the acquired digital Renminbi wallets to commit telecom fraud, money laundering, and other illegal criminal activities. Some criminals also design fake event pages to collect personal information and steal funds. Dong Ximiao, Deputy Director of the Shanghai Finance and Development Laboratory, pointed out that to prevent digital Renminbi fraud, the key is to recognize its mundane nature as a legal tender, eliminate all desires for quick profits, and protect wallet passwords and verification codes as you would protect physical cash.