TREE NEWS update: Alipay’s security center warned users that screenshots circulating online may be fabricated, after multiple users posted videos of a counterfeit Alipay app that generates fake transfer receipts showing hundreds of millions of yuan for as little as 1.8 yuan. The fake software can also carry trojan malware used to steal funds, Alipay said, adding it will keep working with authorities against online fraud.
Alipay Warns of Fake App Screenshots Faking Transfers for 1.8 Yuan
The warning matters less as a fraud alert than as a signal about trust infrastructure: Alipay's transfer receipts have become de facto settlement evidence in informal transactions, so a cheap tool that forges them erodes a verification layer that merchants, lenders and counterparties rely on without formal checks. The trojan angle raises the stakes, since the same channel that produces fake proof can also drain real balances. Whether this stays a niche tool or spreads into routine P2P and OTC-style dealings — and whether receipt verification gets hardened in response — is the open question.
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