Wu said that according to CCTV.com, the Chinese Embassy in Maldives recently issued a warning about a new type of fraudulent cryptocurrency scam, which is usually carried out by unidentified third-party intermediaries. The scammers separately contact USDT sellers and Chinese citizens with cash, arranging for offline transactions between the two. The Chinese citizen pays cash on the spot, and the seller transfers USDT to the wallet address provided by the scammer. After the transaction is completed, the scammer goes offline, and neither party receives the expected return, with the funds being taken by the intermediary, leading to mutual misunderstandings and difficulties in accountability. This scam specifically targets foreigners, especially Chinese citizens.