Xinhua News Agency forwards the announcement from the WeChat Security Center: Beware of pyramid schemes and scams disguised as blockchain virtual currencies and stablecoins

The Xinhua News Agency's WeChat public account forwarded a previous announcement from the WeChat Security Center, issuing a security reminder: "Recently, the WeChat platform has received user complaints about certain WeChat accounts engaging in illegal activities such as organizing pyramid schemes and fraud within WeChat groups.

Such activities disguise themselves under the pretense of national asset unfreezing, national policies, and engineering projects, as well as blockchain virtual currencies and stablecoins, using high returns as bait to lure users into joining WeChat groups. Within these groups, users are encouraged to invite others, post suspicious links to download fraudulent apps, engage in daily check-ins, attend meeting courses, and other brainwashing activities, ultimately leading to fraud. The aforementioned behaviors seriously infringe upon users' property rights."