Chinese scammers exploit "Squid Game" popularity to trap debt-ridden individuals into fraudulent schemes.
Chinese fraudsters are using the popularity of the TV show "Squid Game" to scam financially struggling individuals, offering them prize money and debt relief. These schemes often involve isolation challenges advertised on Douyin, with strict rules and high fees, sometimes leading to more debt and exploitation. The National Financial Regulatory Administration has warned the public about these deceptive practices, especially those related to debt restructuring and credit improvement.
3 months ago
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