Involving fraudulent cryptocurrency trading, the Chinese Embassy in Maldives reminds Chinese citizens in Maldives to beware of new scams.

On August 19th, the Chinese Embassy in Maldives issued a warning: the Maldives Police Service recently released a notice, reminding the public to be cautious of a new type of scam that is emerging in the Maldives. This scam is usually carried out by unidentified third-party intermediaries, involving complex methods such as false cryptocurrency transactions, mainly targeting foreigners, especially Chinese citizens. The following is a detailed explanation of the scam method: 1. Scammers contact local sellers of Tether on online platforms, claiming to need assistance in currency exchange transactions and providing a cryptocurrency wallet address, asking sellers to transfer Tether to that address. 2. Scammers contact Chinese citizens who hold large amounts of cash and arrange for them to meet with the Tether seller.