PANews reported on November 17th that WeChat Security Center issued a "Crackdown Announcement on Illegal and Criminal Activities such as Pyramid Schemes and Fraud," stating that it has recently received user complaints that some WeChat accounts are engaging in illegal and criminal activities such as organizing pyramid schemes and fraud within WeChat groups. These activities use pretexts such as the "unfreezing of national assets," national policies and projects, as well as blockchain virtual currencies and stablecoins, to lure users into joining WeChat groups with the promise of high returns. Within these groups, users are encouraged to invite others, post unknown links leading to the download of fraudulent apps, conduct daily check-ins, and participate in brainwashing activities such as meetings and courses, ultimately committing fraud. These actions seriously infringe upon users' property rights.

Once the above-mentioned behavior is discovered and verified, the platform will take tiered measures against the relevant accounts based on the severity of the violation, in accordance with relevant national laws and regulations, as well as platform agreements and rules such as the "Tencent WeChat Software License and Service Agreement" and the "WeChat Personal Account Usage Guidelines". Repeat offenders may be permanently restricted from logging in, and WeChat groups that are confirmed to be in violation will have their group functions suspended.