Security

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China Cracks Down on Fake Crypto Accounts Promoting Illegal Trading

May 27, 2025
China’s internet regulator, the Cyberspace Administration, has reportedly closed more than a dozen fake crypto accounts and websites accused of disseminating false information about stock and cryptocurrency markets. According to Baidu, these social media accounts were spreading unlawful stock tips and making speculative claims about virtual currency trades. Specifically, the Weibo account “Love Stocks App”
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