Xiaohongshu Banned” Line and Facebook still have the highest number of scams, Threads has more cases than IG

The number of frauds and financial losses on various social platforms have shown a downward trend. (Photo taken by reporter Zheng Jingyi)

In the past year, the police have vigorously targeted social platforms, communication software and online trading platforms to crack down on fraud. The number of frauds and financial losses on each social platform have shown a downward trend. The number of social platform frauds reflects the usage habits of Chinese people. The highest numbers are still Line and Facebook. The number of cases this year decreased by 16.9% and 16.7% respectively, showing a fluctuating decline. The number of scams involved in Threads has gradually increased since last year. It reached a "golden intersection" with Instagram in October last year and reached a peak in January this year. However, it also dropped by 32.0% due to the vigorous crackdown by the police.

"I can't read it back and I don't want to cooperate." This is the main reason why Xiaohongshu was banned. The Criminal Bureau has promoted the "Clean Line Project" in the past year and emphasized joint public-private defense. By providing data and removing a large number of fraud-related accounts from the industry, it reflects the importance of communication and cooperation with the industry. At the end of last month, it announced that it would work with the industry to remove nearly 300,000 fraud-related accounts, the largest scale in history, of which more than 260,000 were LINE accounts.

Further inspection of the data changes on each platform from December last year to October this year showed that the number of LINE cases dropped from 9,598 to 7,978, a decrease of 16.9%, and the amount of financial losses dropped from 5.756 billion yuan to 3. 862 million yuan, a significant decrease of 32.9%; the number of Facebook cases dropped from 4,174 to 3,479, a decrease of 16.7%, and the amount of financial losses dropped from 2.048 billion to 1.4 billion, a decrease of 31.6%.

The number of IG cases dropped from 1,241 to 626, a decrease of 49.6%, and the amount of financial losses dropped from 622 million yuan to 160 million yuan, a decrease of 74.3%. Threads, which has emerged in recent years, saw the number of cases drop from 3,148 to 2,141, a decrease of 32%, and the amount of financial losses dropped from 495 million yuan to 337 million yuan, a decrease of 31.9%.