Similar to the popular South Korean TV series Squid Game, fraudsters in China are eyeing people who are struggling financially amid a slumping economy by promising prize money, debt restructuring, and unusual schemes.
However, Chinese players are taking “self-discipline” challenges to not risk their lives, unlike the series Squid Game, which is set to return with a second season on Thursday.
According to courts, some participated in isolation challenges, paying hundreds of dollars to stay in a room for days. After this, participants followed prescribed rules with a promise to win as much as 1 million yuan, which is nearly $140,000. However, this is a scam. The regulators are warning people about such scams that promise debt relief,…
