Core Viewpoint - Douyin has issued a warning regarding the rise of illegal financial activities on its platform, which disguise themselves as "professional services" and lure users with promises of high returns, leading to potential financial fraud and legal risks [1] Summary by Categories Illegal Financial Activities - Douyin has identified three types of typical financial scams, including illegal stock recommendations, virtual currency trading, and fraudulent financial intermediary services [1][6] - The platform has taken action against over 100,000 pieces of illegal stock recommendation content and more than 10,000 pieces related to virtual currency trading in Q3 2025 [1][3] Scam Type 1: Illegal Stock Recommendations - Scammers pose as "teachers" or "stock gods," claiming to have insider information and using AI tools to recommend stocks, ultimately leading users to pay consultation fees or fall victim to financial fraud [2] - Douyin emphasizes that securities investment consulting is a licensed activity and warns users against engaging with unlicensed entities [2] Scam Type 2: Virtual Currency Fraud - Scammers exploit the popularity of virtual currencies by promising high returns and low risks, leading users to engage in fraudulent transactions outside the platform [3] - Douyin has removed over 10,000 pieces of content related to virtual currency scams and has banned over 100 accounts involved in such activities [3] Scam Type 3: Financial Intermediary Scams - Scammers target users in urgent need of financial assistance, promoting schemes like "full refund" for insurance policies and "professional debtors" to exploit their financial situations [4][5] - These scams often involve high upfront fees and can lead to significant legal risks for the victims, including potential criminal charges for falsifying documents [5] Douyin's Response - Douyin is committed to combating illegal financial activities and will continue to enhance content governance and enforcement measures to protect users' financial safety [6] - Users are encouraged to report any suspicious accounts or content through the platform's reporting features [6]