CCTV-13 demonstrates how simple it is for criminal actors to produce and sell counterfeit tokens on decentralised finance systems. Known as "rug pulls," such scams frequently result in phoney token creators fleeing with traders' funds. The risks linked with Bitcoin have also been emphasised by China's state-run media. "At the moment, surveillance of Bitcoin mining and trading activities is rising," CCTV-13 concluded. The allegation comes in the wake of last week's Bitcoin mining fiasco in China.