This article is from the WeChat public account: a blockchain (ID: yibenqkl) < span class = "text-remarks">, author: ratchet pizza, cover from the original
The fund disk was filed for investigation, all members of the exchange were arrested, and the currency circle was again facing the arrest tide.
Under the heavy blow of supervision, a large number of capital projects ran hastily and the Ponzi scheme finally collapsed.
Many exchanges have announced that they will no longer provide services to Chinese users. In the face of the arrest tide, the employees of the exchange hurriedly left and raced to flee.
According to a person familiar with the matter, many industry media have participated in the issuance of coins or trading platforms for funds. “The risks are very high, and many have already ran away and went to Southeast Asia.”
Pan spreads quickly. Withdrawing coins has become the common choice of many players in the currency industry.
Some practitioners have expressed their feelings that the supervision of the currency circle is much stronger than that of “9.4”. After that, the blockchain industry will also be newly purified.
I. Run the tide of funds.
In 2019, the most popular currency circle is the fund. Today, the regulatory fist is attacking these scams under the banner of blockchain.
The ICC network red chain, which is known as the “king of the era of intelligent economic network red”, has recently been investigated by the Xi’an police. The fun step under the banner of “walking to make money” was also investigated by Changsha authorities for “illegal pyramid schemes” and other crimes.
PlusToken, which involved tens of billions of dollars, was seized by the police in June this year. Six traders fled to Vanuatu, the Pacific island country, but were still arrested by local police and repatriated.
Recently, a blockchain has received nearly 100nterlace / 1 / q / 85 “data-h =” 767 “data-w =” 600 “>
Chen Xiang revealed that Quan Zhilong’s real name is Xie Zixuan and Zhang Wei is the initiator of the K-ONE Consensus Alliance. The K-ONE Consensus Alliance community claims to be a joint initiative of early players in the domestic blockchain, institutional parties, vertical media, and community bulls, with more than a hundred WeChat groups.
Before EVC, the K-ONE Consensus Alliance also launched two digital currencies, RX and NSC. But the last two currencies have returned to zero.
The main exchange that EVC is listed on is BiKi. The K-ONE NSC is also listed on the BiKi exchange. “The two of them are combine harvesters.” EVC investor Zhang Yu told a blockchain.
A blockchain found that the K-ONE Consensus Alliance and the BiKi Exchange did have a “good relationship”.
On October 31, the first interview program of “BiKi Research Institute” under BiKi was launched. The current guest is Xie Zixuan.
At that time, the host asked: “As far as I know, BiKi has also reached a strategic cooperation with the K-ONE Consensus Alliance community. Can you explain where the two parties will cooperate?”
Xie Zixuan said that the two parties have common views on traffic, and the next step will be to incubate new projects.
Now that Xie Zixuan runs away, BiKi’s situation is not good.
Second, the exchange leaves the market
The popularity of funds is inseparable from the boost of the exchange. The recent news that the BISS exchange was hit hard by police has caused panic in the exchange.
On November 22, many media reported that the Beijing police had cracked the BISS illegal digital currency exchange fraud case and arrested dozens of suspects. At the end of October, BISS was exposed to rumors that the police were “one-handed,” and it was true.
As for the specific circumstances of BISS’s alleged fraud, the police did not disclose. However, it is speculated that the “currency exchange” provided by BISS may be the focus of the case.
The so-called currency stock transaction means that investors invest in digital currencies to buy US stocks on the exchange. There are two major risks to this product. One is the violation of foreign exchange control policies.Second, the platform may falsify and deceive investors with fake stocks.
“After the BISS incident, exchanges that traded currency stocks, such as HOX and BFX, directly shut down related services.” Blockchain practitioner Zhang Yuan said.
On November 23, the CEO Exchange announced the delisting of three currencies, namely B91, CXC and BRC. “These three coins are notorious MLM coins and funds.” Zhang Yu said.
“The exchanges are coming, and the exchanges that are slashing leeks are blatantly committing crimes.” Zhang Yuan said.
Under the iron fist of supervision, running away has also become the choice of some exchanges.
On November 21, the IDAX exchange issued an announcement announcing that it will delist platform currency IT transactions. The IT that the user did not sell will be forced to be converted into “IDAX equity” by the platform at the price of 0.4USDT.
Many investors have interpreted this announcement as “IDAX is gone.”
In fact, IT is the self-operated fund disk project of IDAX Exchange. After the user invests in IT, the return on the two-year lock-up can reach 1250%.
Another Newton fund exchange “Newton” previously exposed by the blockchain (see: 
Newton Exchange Announcement
The announcement stated that “to ensure that loyal Newton players have sufficient NT”, the Newton Exchange decided to force the conversion of users’ assets into platform currency NT. In addition, “in order to protect the interests of users and the value of NTs”, the platform decided to distribute these NTs at a rate of 10% per month in October.
“Stolen your money, and said it was for your good.” Some investors commented, “Newton is saying that we do not acknowledge the crash and do not admit running, but your USDT was indeed taken away by us. . “
Treasury exchanges are running, while domestic second- and third-tier exchanges have clarified their relationships with domestic investors.
The announcement that they are no longer serving Chinese users is their common choice.
For example, on November 23, as one of the three exchanges listed on the EVC, the QBTC Exchange issued an announcement announcing the transfer of its business to Ukraine and cessation of services to users in mainland China.
Matcha, Btuex and other exchanges have also issued announcements announcing that they will stop providing services to users in mainland China.
But in fact, most exchanges still adopt the method of “setting up servers abroad and providing legal currency matching platforms” to provide services to domestic users.
Sometimes, a statement can even turn into a farce.
On November 25, a Weibo account with the ID of “ZB in Chinese currency” announced that the ZB Exchange no longer provides services for domestic users. Since then, ZB has officially rumored that the platform is operating normally, and Weibo is positioned in Shenzhen.
However, some netizens accused ZB soon, saying that denying rumors means that the platform still provides trading services for mainland China, which is directly incompatible with national policies.
ZB, in an awkward situation, finally deleted the rumor-rejecting Weibo and reposted an unknown announcement on Weibo to avoid the dispute over whether to serve users in mainland China.
Three people flow away
“The impact of this wave of regulation on exchanges far outweighs the” 9 · 4 “two years ago.” Zhang Yuan said.
September 4, 2017, the Central Bank and other seven ministries and commissions issued the “Announcement on Preventing the Financing Risks of Token Issuance”, which caused the currency circle to shake. Since then, domestic exchanges such as Huobi and OKCoin have closed their services.
At present, with the tightening of exchange regulations, many investors have also started to panic. Withdrawing coins has become a common choice for many people.
“Hurry up, don’t put your money on the exchange anymore.” In a WeChat group, digital currency investor Xiao Li advised others to withdraw coins as soon as possible and leave the market. The safest. “
In the fiat currency trading area of the exchange, many merchants also feel an uneasy atmosphere. “The Alipay receipt and payment account we received will be blocked in a few days.” A merchant operating USDT told a blockchain.
“Alipay’s monitoring of digital currencies is becoming stricter, and fewer merchants support Alipay transactions on platforms such as Huobi and OK.” Xiaoli said, “In a few days, bank card transactions may also be banned. . “
His basis is a document released by the central bank’s Shanghai headquarters on November 22. According to the documents, the central bank will “continue to strengthen the cleanup and rectification from the payment and settlement side” in response to the establishment of servers overseas to provide virtual currency transaction services to domestic residents.
The so-called “payment settlement” rectification has been interpreted by the outside world as the central bank will further monitor the behavior of virtual currency transactions and crack down on “legal currency transactions” of major exchanges.
Investors are worried, and exchange employees in the vortex of storms are not spared.
In the past, exchanges were the most gold-absorbing industries in the currency circle, and most of them earned a lot of money. However, now they are rushing to flee.
For example, some media reports that the BiKi Exchange, which has been criticized by the official media recently, has experienced a large number of employees leaving-they do not want to “go to work and go to prison” like BISS employees.
This scene resembles the P2P industry. In the era of P2P crazy money attracting, many P2P companies are hiring. In order to avoid supervision, they do not use bank cards for wages, but instead let the finances send bundles of cash directly to employees.
The final result is that the employees received a notice from the police requesting that all their income be returned to the P2P company while they were working. Some of the company’s middle- and high-levels were put in jail collectively, and some ordinary employees put years of savings into their own platforms and eventually became victims.
“Several years, all in vain.” A P2P practitioner was emotional.
“Suggestions for friends who are still working in the” frontline “of the blockchain industry, who can change jobs and resign, and resign.” A blockchain practitioner wrote in a circle of friends, “Even if staying at home I do n’t have to do anything, we must say goodbye to these high-risk companies first. “
A block chain learned that recently, the well-known KOL “Chen Xiaxia” in the currency circle (Women’s Blockchain) has been police control.
It is reported that she was arrested or related to the BISS incident. Earlier this year, “Women Chen” became the BISS CMO and was responsible for the market operations of the BISS exchange.
A person familiar with the matter said that some of the media involved in issuing coins or trading platforms for funds have run away, “most of them have gone to Southeast Asia.”
“It ’s too close to the project party, and the media and communities that help with the announcement, shouting, and diversion are also within the scope of the regulatory crackdown.” Zhang Yuan said, “The tide of arrest in the currency circle is only now Just started. “
Regulations are coming, exchanges, fund disks, and pyramid schemes are running.
This once crazy market has ushered in freezing moments.
And this is already a doomed necessity.
* Respondents in the text are aliases.
This article is from the WeChat public account: a blockchain (ID: yibenqkl) < span class = "text-remarks">, Author: ratchet Pisa