BlockBeats News, July 30th, The Economic Observer issued a statement: "Recently, our company found that criminals have impersonated The Economic Observer and used a non-official company email to send emails to some enterprises, falsely claiming to have obtained significant negative information about the enterprise through a so-called 'undercover investigation,' and threatened that if a sum of money (Bitcoin) is not paid, the related 'undercover report' will be published." The Economic Observer stated that all its news reports strictly comply with national laws and regulations, and interviews and contacts are conducted through official channels. Such behavior is suspected of fraud and is being closely monitored with evidence being collected, reserving all rights to pursue legal action. The statement reminds relevant enterprises to be vigilant. If they receive such impersonated emails, do not pay any money, immediately preserve all evidence, and report the case to the local police.