WeChat intensifies crackdown on crypto-linked fraud and pyramid schemes

  • WeChat Security Center intensified enforcement against accounts promoting crypto-linked fraud and pyramid schemes.
  • Scammers promise high returns through fake national projects, group recruitment and malicious apps.
  • WeChat penalties range from group bans and feature restrictions to full account suspension.

WeChat Security Center has intensified enforcement against accounts promoting pyramid schemes and fraud disguised as blockchain, virtual-currency and stablecoin investments. Scammers use promises of high returns tied to fake national projects, group chats to recruit downlines, and malicious links or fraudulent apps to target users. WeChat said penalties will depend on the severity of violations and can range from group bans and feature restrictions to full account suspension. It urged users to reject low-investment, high-return offers, avoid recruiting others or using unfamiliar links and apps, and report suspicious activity through the WeChat complaint function or Tencent Guardian.

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