The Cyberspace Administration of China's reporting center has coordinated the removal of 1,418 illegal and fraudulent websites this year, marking a 1.7-fold increase compared to last year. These websites often masquerade as platforms for investment and financial transactions, with servers located overseas and frequently changing domains. Among them, 61 sites impersonated financial institutions like China Merchants Securities and CITIC Bank, misleading users into downloading apps for stock trading or purchasing so-called 'stablecoins,' resulting in financial losses for users. Additionally, various fake websites promoted false investment and recharge information, tricking users into buying virtual goods or fake recharge cards.