CoinVoice has learned that, according to the Central Cyberspace Administration of China, based on clues provided by netizens, relevant departments have coordinated to verify and promptly address 1,418 illegal and infringing imitation and counterfeit website platforms this year, an increase of 1.7 times compared to last year. Among them: 323 sites impersonating state-owned enterprises such as State Grid and Sinopec, publishing false investment and recharge information, inducing netizens to purchase virtual goods, fake recharge and gas cards, etc., resulting in netizens being deceived; 61 sites impersonating financial institutions such as China Merchants Securities and CITIC Bank, inducing netizens to download apps for stock trading or purchase so-called “stablecoins” and other financial products, causing property losses.