Assigning specific (and colorful) names to scams/cons has always been a thing. See
- Pig in a poke https://en.wikipedia.org/wiki/Pig_in_a_poke
- Spanish prisoner https://en.wikipedia.org/wiki/Spanish_Prisoner
- Badger game https://en.wikipedia.org/wiki/Badger_game
- Coin smack https://en.wikipedia.org/wiki/Coin-matching_game
- Pigeon drop https://en.wikipedia.org/wiki/Pigeon_drop
And anyway, the name seems to come from the scammers themselves in China, so I don't know why the media would be to blame.