During the Luna explosion and the subsequent DeFi liquidation process this year, some centralized exchanges fell into a liquidity crisis due to lax risk control.
Two of them had very serious consequences, one is Anyin (AEX) and the other is HOO.
Because Anyin’s melon is bigger, so we’ll talk about it first.
Anyin's boss, Huang Tianwei, founded BitTimes in 2013 and is an early investor in the industry. He has accumulated a lot of wealth due to his early entry, and has become a recognized leader in the industry.
Especially after dealing with some more difficult matters, everyone thinks that Huang Tianwei is a good person, so Huang Tianwei has a good reputation in the industry.
The original Bit Era was also under policy supervision and transformed into Anyin (AEX). Huang Tianwei's business scope is quite broad, including supporting projects, participating in mining, and investing in some projects. In Brother Conscience's impression, if you can get Huang Tianwei's investment, it is still a relatively strong endorsement in the past few years. In recent years, Huang Tianwei has gradually retreated behind the scenes and even lived in Singapore for a period of time. As for why, you and I both know. After the 94 document, the number of people who actually used Anyin to trade dropped sharply. However, because everyone believed in Lao Huang's character, and the financial management returns on Anyin were not bad, many people put their funds on the platform for financial management. The yield of this stablecoin is higher than that of Zhang Jian of Fcoin. Who wouldn’t be tempted? The reason is very simple: although Anyin is not doing well now, we still trust Lao Huang's character. But this time, I'm afraid Lao Huang will disappoint everyone. A month ago, Anyin issued an announcement stating that the platform was facing a liquidity crisis due to the DeFi serial liquidations and Luna crash. It was only at this time that users realized that a large part of Anyin’s financial management was converted to UST to obtain annualized returns, so the returns were so high. As ust was close to zero, a huge hole was created. The spread of negative news forced all users to withdraw their funds, and the platform could only announce the suspension of withdrawals. Then Anyin gave a plan with a daily limit of 500u. For big investors, this is no different from a joke. Even under such circumstances, Anyin didn't last more than a month. Just two days ago, Anyin suspended withdrawals again. The above is a summary of what Anyin experienced during this period. Most of them can be found on the Internet or in social communities, but what Brother Conscience is going to say next may make you a little uneasy. After the liquidity crisis announcement last month, Huang Tianwei received threats from big investors. It’s not the kind of big investor you think of, but a big investor at a higher level. According to insiders, Anyin's deficit this time is no less than 150 million U.S. dollars, and Huang Tianwei's personal loss is more than 100 million U.S. dollars, so he is simply unable to repay. According to private information, Huang Tianwei's family in Singapore has been controlled in disguise, so Huang Tianwei has been actively trying to find a way to save Anyin. On the one hand, it may be out of responsibility to Anyin and users, and on the other hand, it is also for the safety of family members. As mentioned in the picture above, Mr. Huang only rests for three hours a day, which is indeed true. But now Anyin has closed the withdrawal again for special reasons, which can be divided into two aspects: First of all, it is true that Anyin has no money, but it is only the hot wallet that is out of money. Secondly, it’s not because Huang Tianwei needs to rest, but because Huang Tianwei is now out of contact. According to people around him, Huang Tianwei returned to China some time ago because he urgently needed money to rescue Anyin. Now Huang Tianwei has lost contact. He may have been detained by a wealthy client or arrested by the police. But no matter which case it is, it is not good news for Anyin users. In fact, after Anyin issued the announcement last month, Brother Conscience urgently found Huang Tianwei, hoping to open a channel for our Oasis students. Huang Tianwei agreed at first, but then never replied to the message. I can only say sorry to the students here. I have tried my best. If I put myself in Huang Tianwei’s shoes, I wouldn’t care about these things. Anyin's fate was decided the moment he made the announcement. Huang Tianwei, who always said that he would be responsible for the users, was unable to do so this time. Let’s talk about the tiger talisman. The Huobi exchange has always been a magical existence in the cryptocurrency circle. My feeling about Brother Conscience can be summed up in one sentence: I want to do everything, but I can’t do anything well. After the Chinese New Year, Hu Fu, knowing that he had a dirty job, took the initiative to go to Dubai, but going there did not solve any problems. It was revealed some time ago that Hufu was unable to pay employees’ salaries normally, and the voices for rights protection first started from within the company. Before users even started to defend their rights, the employees started to quarrel. Recently, Huobi has also restricted withdrawals, and its ending is destined to be the same as Anyin. The most outrageous thing here is that it is rumored that part of the assets of the Hufu platform are in Anyin. If something happens in Anyin, Hufu will also be implicated. The rumors cannot be confirmed or disproven, but logically speaking, there is nothing surprising about them. It is just like a fake exchange that places a counterparty order with the user and then goes to a larger platform to do hedging. Even the dismantling and turnover between institutions and even personal investment are very common operations. As for how terrible Wang Ruixi is, I am afraid that even if I write another 10,000 words I won’t be able to finish writing about him. Those who are interested in him can search for him themselves. It is hard to imagine that Wang Ruixi, who is now despised by everyone, was also a righteous and passionate young man 9 years ago. The dragon slayer eventually turned into a dragon. Life is so ironic and magical. But I don’t love this magical world at all.
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