Digital Yuan Fraud cases surge, prompting security review

The digital yuan, China’s central bank digital currency (CBDC), is being exploited in sophisticated fraud schemes. Notably, a recent case in Shanghai highlighted how criminals use the digital yuan to commit financial crimes. The Shanghai High Court reported a unique “run-score” fraud involving the digital yuan, where perpetrators swiftly emptied an ATM within two hours. […] source: https://www.cryptopolitan.com/digital-yuan-fraud-cases-surge-prompting/