Scam.

The routine of borrowing money through live streaming on Douyin is usually a scam. Scammers will publish false loan information through the Douyin live broadcast platform to attract users to participate. They often lure people in need of funds with the lure of high interest rates, quick approvals and no need for collateral. Once the user expresses their willingness to borrow money, the scammer will ask the user to pay a certain handling fee, deposit or other fees as an upfront payment. However, once the user pays these fees, the scammer usually disappears, leaving the user unable to obtain a loan or recover the fees paid. This routine takes advantage of people's urgent need for funds and obtains illegal benefits through false promises and deception. Therefore, users should remain vigilant about information about borrowing money live on Douyin to avoid becoming victims of fraud.