China's Ministry of State Security has issued a warning about the increasing prevalence of token scams, which often promise wealth through token hoarding or arbitrage in over-the-counter trading. These activities are not only considered illegal financial operations but may also be exploited by foreign intelligence agencies for data theft and financial infiltration, posing a threat to national economic security. The ministry emphasized that tokens are not investment products and highlighted risks such as token hijacking, forgery, and fraud. The public is advised to avoid illegal cryptocurrency transactions and report any scams or illegal activities to the authorities.
China's Ministry of State Security Warns Against Token Scams
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