Xinhua News Agency reposts WeChat Security Center announcement: Beware of pyramid schemes and frauds under the guise of blockchain virtual currencies, stablecoins, and similar terms.
TechFlame
2025-11-22 11:48
TechFlame2025-11-22 11:48
English
TechFlame News: The Xinhua News Agency's WeChat official account reposted a security alert announcement previously issued by the WeChat Security Center: "Recently, the WeChat platform has received user complaints reporting that certain WeChat accounts are involved in organizing pyramid schemes, fraud, and other illegal activities within WeChat groups.
These activities often use false pretenses, such as unfreezing national assets, invoking state policies and engineering projects, or leveraging blockchain virtual currencies and stablecoins. They lure users with promises of high returns, encouraging them to join WeChat groups. Once inside, users are prompted to recruit more members, share suspicious links to download fraudulent apps, participate in daily check-ins, attend indoctrination sessions or courses, and ultimately fall victim to scams. Such actions severely infringe upon users' property rights."