Scammers in China are exploiting the popularity of Squid Game, preying on financially vulnerable individuals with fraudulent 'isolation challenges' promising large cash prizes and debt relief. However, participants often discover these promises are deceptive, facing unfair rules and losing their sign-up fees.
In China, scammers borrow ‘Squid Game’ idea to prey on the financially desperate with ‘isolation challenges’
But courts have found some participants in isolation challenges — who pay hundreds of dollars to stay in a room for days, following prescribed rules in the hopes of winning as much as 1 million yuan — are being scammed. And regulators are warning people about dodgy debt relief claims. Many players cry foul when they do not survive their first day for infractions caught on surveillance cameras, which they dispute.
On the third day of the challenge, organisers said Sun had covered his face with a pillow, breaking a prohibition on players obscuring their faces. Touting their services through phone, texts, flyers and ads on social media, such intermediaries claim they can help secure new loans or provide temporary funds, but the regulator warned the services come with a high fee.
SCAM CHINA SQUID GAME ISOLATION CHALLENGES FRAUD
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