In CCP China, losing a handphone is the end of the world

 Direct translation

Stolen handphone = Bankruptcy! China's latest "Information Hell"

Reporter : Wang Duruo / Editor : Zhongkang / https://www.aboluowang.com/2025/1120/2308306.html / Image : Aboluowang

The theft of bank accounts is spreading, and a new wave of security threats is emerging.

In the past, losing a handphone meant losing the handphone itself; now in CCP China, losing a handphone can not only bankrupt you but also instantly saddle you with huge debts—because thieves are no longer targeting the handphone itself, but the entire payment system within it.

Recently, information security expert "Old Camel" had his phone stolen, completely exposing the massive black hole in mobile payments:

Within a single day, his bank cards, credit cards, WeChat Pay, Alipay, Meituan Pay, and Suning Finance were all compromised.

Even experts are "instantly defeated," leaving ordinary people with absolutely no chance to resist.

The theft chain is highly professional; thieves only steal the handphone and then immediately hand it over to a technical team for further work—so fast that the victim cannot even report the loss in time.

Step 1: Seize the phone number.

Most people's first reaction to losing a phone is to call and try to recover it. In those few seconds, the thief quickly removes the SIM card, inserts their own phone, dials a random number, and directly takes control of your phone number.

Step 2: Instantly obtain all identity information. The thief used your handphone number to access the Social Security Bureau app and then clicked "Forgot Password." Using a text message verification code, they directly unlocked your electronic social security card, which contained your ID number and bank card number.

Step 3: Reversing the Loss Report.

The night "Old Camel" reported his phone number lost, the thief successfully "unblocked" it, fabricating a reason like "a marital argument." With your ID card and phone number, a lost report is useless.

Step 4: Hacking the Phone.

The thief contacted the mobile operator's customer service to change the service password, then used a text message verification code to change the phone's unlock password, easily gaining access.

Step 5: Money Laundering and Cash Out.

They immediately disconnected your account and used your information to register a "second Alipay." Even if you've frozen your bank cards, they can still quickly cash out through third-party apps by binding cards, taking out loans, and buying cryptocurrencies.

This means that even if you transfer all your money, you could still be burdened with a huge, unexpected debt.

Aboluowang commentator Wang Duran analyzes that in China, a stolen mobile phone equals an immediate "systematic plundering" of assets. This is not a technical problem, but a systemic one: personal information is deeply tied to the national database, real-name registration is excessively centralized, and there is no oversight of operators and government power, making the criminal chain virtually "unimpeded."

"In China, the phone isn't yours, the information isn't yours, and even the keys to your assets aren't yours."

Wang Duran further analyzes: As for the United States? Risks certainly exist, but there won't be a structural disaster like "phone number + ID card = master key." The US information system is decentralized, permissions are distributed, operators cannot arbitrarily "unblock," and there is no "black box" of police-operator joint verification. In other words:

"In the US, losing a handphone is a risk; in China, losing a handphone is the end of the world."