Some borrowers have offered to repay loans with sexual favours, leading to The leak of 10 GB of nude photos and video evidence has created an underground lending racket in China , where lenders offer students ’ explicit material and contact details as collateral for loans , using the images as advertising material if payments do not materialise . The lack of an adequate student loan system in China has led to increases in the number of students turning to underground banking , peer - to - peer lending and other digital services .
The leak of 10 GB of nude photos and video evidence has created an underground lending racket in China , where lenders offer students ’ explicit material and contact details as collateral for loans , using the images as advertising material if payments do not materialise . The lack of an adequate student loan system in China has led to increases in the number of students turning to underground banking , peer - to - peer lending and other digital services .