The Ministry of China issued a warning about the fake digital yuan application
According to a post on WeChat by China's Ministry of Industry and Information Technology, a fake digital yuan app has been discovered. The Trojan Horse download looks very close to the official version, but minor differences can be noticed.
In addition to “pulling dividends,” the fake app collects sensitive user information and provides fake customer service that leads to “unusual social tools” to easily capture users' money, the ministry said.
The fake central bank digital currency app uses a logo with a different design than the real app, and the user interface is different but comparable. A fake application has a different name than the real one, as well as a different version number and a different MD5 decryption tag.
No information has been given about the parties behind the fraud or the steps being taken to stop it. Cointelegraph was unable to find the fake app in the Apple or Google app stores.
This is not the first fake digital yuan app. In the year Similar scams were discovered in 2021 and 2022. In the year Speaking at the China (Beijing) Digital Financial Forum in October 2023, Zhou Xiaochuan, the former governor of the People's Bank of China, said:
“As the technical cost is decreasing and the system is becoming more convenient and convenient, the cost of abuse will be lower and lower.
This tendency “should be given great attention to the development of digital currency,” Zhou continued.
Related: New Crypto Scam Drains Users' Wallets Without Transaction Approval
Despite its strong anti-crypto policy, China has experienced many high-profile crypto-related crimes. Fraudulent foreign exchange traders used cryptocurrencies to launch a $2.2 billion export operation from China in December.
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Chinese officials say they are concerned about data theft and money laundering and are cracking down on crypto, but others say the fight against capital flight is a real motivation.
In the year By 2023, the digital yuan transaction volume will reach $250 billion. Later that year, a Chinese court seized the digital yuan wallet in a civil case over an investment dispute.
Magazine: Yuan stablecoin group arrested, WeChat new Bitcoin prices, HK crypto regulations: Asia Express
