Cities in China will soon begin testing a new Central Bank Digital Currency, or CBDC. Scammers are now taking advantage of this fact by impersonating “CBDC test” groups.
According to Tencent QQ, criminals are promoting a scam that asks potential victims to open a new debit card. Victims are told they will receive a “significant amount of money” after an initial investment, generally starting around 10,000 yuan ($1430 USD).