An article in the Science and Technology Daily, titled "The Application of Digital Yuan Accelerates, Beware of These Scams," revealed that Liu Xiaochun, director of the Shanghai Financial Digitalization Research Center, disclosed that some criminals are using instant messaging tools and other channels to spread information about purchasing digital yuan wallets with the lure of high returns. They then use these acquired digital yuan wallets to commit telecommunications fraud, money laundering, and other illegal activities. Other criminals are designing fake activity pages to steal personal information and funds. Dong Ximiao, deputy director of the Shanghai Financial and Development Laboratory, pointed out that the key to preventing digital yuan fraud lies in recognizing its ordinary nature as legal tender, eliminating any greed for "quick money," and protecting wallet passwords and verification codes as carefully as physical cash.