As China keeps paving the way to adopt its central bank digital currency (CBDC), scammers are also actively emerging on the scene. The police in a Chinese province are now warning about a “sophisticated” CBDC-themed scam.

Bogus Platform Is Set to Be Launched in March, Say Scammers

According to a post from the cybercrime unit of the Weifang police force in Shandong Province, a scam named “Central Bank’s International Wallet” is claiming to be a digital yuan wallet platform. The bogus platform seems to have caught almost 500 users as of press time.

The scam operators are advertising that the platform will give members the possibility to access a “secret CBDC promotion fund” worth $186 million.

It should be noted that the Weifang police is quoting a previous report first published by local media outlet Sina on the matter. Scammers claim that the platform’s users could get profits of around $24,800.

Although the wallet is not…

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Source: https://news.bitcoin.com/chinese-authorities-warn-on-sophisticated-digital-yuan-themed-scam-promotes-access-to-a-186m-secret-government-fund/