Economic Observer: Yuzhi Financial's virtual asset projects have been exposed as having restricted withdrawals; risk warnings have been issued in multiple regions.

According to Odaily Planet Daily, Yuzhi Financial, operating under the guise of "virtual asset copy trading," has been exposed for allegedly attracting investors with high returns. Recently, multiple investors have reported difficulties withdrawing funds from its virtual asset trading app, "HSEX." The platform subsequently demanded users pay a "self-certification margin" of 20% of their total account balance and increased withdrawal fees from 10% to 30%. Previously, the Joint Office for Preventing and Combating Illegal Financial Activities in Xinyi City, Guangdong Province, the Leading Group Office for Preventing and Combating Illegal Financial Activities in Yulin City, Guangxi Zhuang Autonomous Region, and the Financial Affairs Center of Shigu District, Hengyang City, Hunan Province, had all issued relevant risk warnings. The Hong Kong Stock Exchange also disclosed that Yuzhi Financial and its related websites, HSEX and HKEX, have been repeatedly listed as suspicious websites and have no connection with the Hong Kong Stock Exchange. Industry insiders point out that such projects lack real-world business support and rely on promises of high returns and referral bonuses as their core characteristics. Investors are advised to be wary of the high-yield temptations in the virtual asset sector and guard against illegal financial risks. (Economic Observer)