WeChat Security Center: Strict Crackdown on Pyramid Schemes and Fraud Under the Guise of Virtual Currencies and Stablecoins
TechFlow news: On September 23, the WeChat Security Center announced that certain malicious actors are using the pretext of frozen ethnic assets, national projects, blockchain virtual currencies, stablecoins, and other similar concepts to lure victims with promises of high returns, conducting scams through group chat referrals, unknown links, and fraudulent applications. Based on relevant laws and platform rules, the platform will take measures such as disabling group features, restricting account functions, or suspending accounts according to the degree of violation.
WeChat reminds users not to easily trust claims of high returns or so-called "official benefits," to avoid participating in downline recruitment activities, to refrain from clicking unfamiliar links or downloading applications of unknown origin, and to report any related behavior through the WeChat client or Tencent Guardian.
