Xinhua News Agency forwarded a notice from WeChat Security Center: Be wary of pyramid schemes and fraud perpetrated under the guise of blockchain virtual currencies and stablecoins.

Odaily Planet Daily reports that Xinhua News Agency forwarded a previous WeChat Security Center announcement, issuing a security alert: "Recently, the WeChat platform has received user complaints that some WeChat accounts are involved in illegal and criminal activities such as organizing pyramid schemes and fraud within WeChat groups, and may be permanently restricted from logging in."

Such activities use pretexts such as the unfreezing of national assets, government policies and projects, and blockchain cryptocurrencies and stablecoins, enticing users with promises of high returns to join WeChat groups. Within these groups, users are encouraged to invite others, access fraudulent apps via unknown links, participate in daily check-ins and attend meetings/courses—all forms of brainwashing—before ultimately committing fraud. These actions severely infringe upon users' property rights.