Ministry of State Security Warns of "Token Scam" Risks: "Hoarding Tokens for Sudden Wealth" Involves Illegal Financial Activities, May Endanger National Economic Security

Odaily News The Ministry of State Security's official WeChat account published an article pointing out that "token scams" are emerging one after another, especially activities such as "hoarding tokens for sudden wealth" and "earning price differences through over-the-counter trading," which are suspected of involving illegal financial activities. These may be exploited by foreign spy intelligence agencies to endanger national economic security. In the face of new technologies and applications, it is necessary to actively embrace and skillfully utilize them while also preventing risks and ensuring safety, including risks of leakage and hijacking, risks of forgery and tampering, and risks of fraud and traps. In the face of the token frenzy, it is important to rationally assess their value while also paying attention to information security and privacy security, enhancing awareness of security precautions, and striving to understand tokens and use them wisely.