In August 2020, an app named Moneed leaked data of more than 350 million Indian users which included many personal data including bank account and contact list. For your information, let us know that Moneed is a Chinese financial app that gives loans. Anyone can take instant loan from a monied app. The condition for the loan is that you should have an Aadhaar card and you should be between 21 years to 40 years old. The situation that is being created after the loan from these Chinese apps is surprising and also worrying. These apps are threatening for not returning the loan and are asking for a video call by getting naked.

According to a report by the National Herald, these Chinese apps are giving loans quickly, but due to the delay in returning the money, these apps are threatening to make the photos, messages etc. on your phone viral. A person from Kerala named Ajit took a loan of Rs 35,000 from SnapIt for just six days. He has also paid Rs 47,000 with interest, but when there was a delay of just one day in giving the money, the app representative of SnapIt sent the photo and message of Ajit's phone to all his friends. Apart from this, the representative of the app has also threatened to call Ajit. The SnapIt app was also threatened to complain to the police.