The official complaints related to non-fungible token (NFT) scams, problems, and price manipulations the Chinese government received surged by 30,000% in 2022, according to Forkast News.
Chinese regulators disclosed that they received 59,700 complaints throughout the year, as opposed to 198 in 2021, the report states. According to the regulators, most complaints are about failing to receive purchased items, failed refunds, price manipulations, and high transaction fees.
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