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BTCC / BTCC Square / Global Cryptocurrency /
China Intensifies Crackdown on Fraudulent Crypto Accounts

China Intensifies Crackdown on Fraudulent Crypto Accounts

Author:
Global Cryptocurrency
Published:
2025-05-27 13:13:01
21
3

Chinese authorities have shuttered over a dozen fake cryptocurrency accounts and websites accused of spreading misinformation about digital asset markets. The Cyberspace Administration of China targeted platforms disseminating false trading signals and speculative claims on virtual currencies.

Notable accounts like ’Love Stocks App’ on Weibo and ’Value Discoverer’ on Douyin were implicated in sharing deceptive institutional trading narratives. Meanwhile, the ’Captain Jack Macro Strategy’ WeChat account circulated fabricated regulatory rumors about quantitative funds.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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