Legal analysis: According to China's regulations, legal loan relationship is protected by law. If the loan is fraudulently obtained through telecommunications, the loan relationship is illegal, so it is not protected and the lender does not have to pay it back. Internet fraud is an act of defrauding public and private property through computer networks by fictional facts or concealing the truth for the purpose of illegal possession.

Legal basis: Article 118 of the Civil Law of People's Republic of China (PRC), the civil subject enjoys creditor's rights according to law. Creditor's right is the right of obligee to request a specific debtor to perform or not to perform an act based on contract, tort, negotiorum gestio, unjust enrichment and other provisions of the law.