Deep Tide TechFlow reported on January 1st that according to the official WeChat account of the Central Cyberspace Administration's Reporting Center, 1,418 counterfeit and fraudulent websites and platforms had been legally handled in 2025. Among these, 61 were fake websites impersonating financial institutions such as China Merchants Securities and China CITIC Bank, which induced netizens to download apps for stock trading or purchase so-called "stablecoins" and other financial products, resulting in property losses. The Central Cyberspace Administration's Reporting Center pointed out that counterfeit websites typically collect netizens' personal information under the guise of "receiving subsidies," "recharging for consumption," "business cooperation," or "investment and financial management," engaging in fraudulent activities that infringe upon the legitimate rights and interests as well as the property security of the people, causing significant social harm.
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