PANews reported on May 24 that according to CCTV.com, the Cyberspace Administration of China, together with financial regulatory authorities, has investigated and dealt with a number of illegal accounts and websites that spread false information about the capital market, illegally recommended stocks, and speculated on virtual currency transactions. Some typical cases include: "Love Stocks APP" and "Captain Jack Macro Strategy" and other accounts that published false capital market information and regulatory rumors; "Kan Ge Talks Finance" and other accounts that illegally recommended stocks; "Huo Ge Chats Cryptocurrency" and "Finance-Xu Yanwen" and other social platform accounts that induced users to participate in virtual currency transactions through group chat screenshots and profit displays; PKEX, WEEX, HTX and other platforms provided download or indirect trading services for overseas exchanges; "Xiao Beiyou" and other accounts spread financial black and gray industry information. Relevant accounts and websites have been closed according to law.