BlockBeats News, December 21st, Science and Technology Daily published an article titled "The Acceleration of Digital Currency Applications, Beware of These Fraud Traps." Liu Xiaochun, Director of the Shanghai Center for Financial Digitalization, revealed that some criminals use instant messaging tools and other channels to spread information about purchasing digital currency wallets with the promise of generous returns. They then use the acquired digital currency wallets to engage in telecommunications fraud, money laundering, and other illegal activities. Some criminals also create fake event pages to collect personal information and steal funds. Dong Ximiao, Deputy Director of the Shanghai Finance and Development Laboratory, pointed out that the key to preventing digital currency fraud is to recognize its ordinary nature as legal tender, eliminate all desires for quick profits, and protect wallet passwords and verification codes as safeguarding physical cash.