The Ministry of State Security warns of the risks of "word-based scams": speculation on "staking on words" and "over-the-counter trading" may involve illegal financial activities.

CoinFeed reported on April 7th that, according to the Beijing Youth Daily, the Ministry of State Security recently issued a statement pointing out that with the surge in the use of AI "tokens," various scams using the lure of "token investment," "get rich quick by hoarding tokens," and "profiting from over-the-counter trading" have frequently emerged. Some of these activities are suspected of being illegal financial activities and may even be used by foreign intelligence agencies to steal data and infiltrate funds, endangering national economic and data security. The article emphasizes that tokens are essentially digital identity credentials and carriers of AI billing and rights, not investment products. It warns the public to be wary of low-priced token packages, so-called token wealth management, and mining projects, and to avoid logging in, transferring funds, or filling in private information in insecure network environments. If any abnormalities are discovered, the public should promptly stop the losses and report to the relevant authorities.