Ministry of State Security Warns of Risks in "Token Scams": "Hoarding Tokens to Get Rich" Involves Illegal Financial Activities, May Endanger National Economic Security

Odaily reported that the Ministry of State Security's official WeChat account published an article pointing out that "token scams" are emerging endlessly, especially activities such as "hoarding tokens to get rich" and "making profits from over-the-counter trading," which are suspected of involving illegal financial activities. These could be exploited by foreign espionage agencies to endanger national economic security. In the face of new technologies and applications, we should actively embrace and utilize them wisely while also guarding against risks and ensuring safety, including risks of information leakage and hijacking, risks of forgery and tampering, and risks of fraud and traps. Amid 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.