The run on ZB exchange caused QC to decouple, why don’t you run away?

The word "decoupling" can be seen everywhere recently, and it is accompanied by major events in the cryptocurrency circle. The first time was the collapse of LUNA to zero, the second time was the plunge of Ethereum, and this is the third time, and this time it is related to the Chinacoin exchange.

A few days ago, some netizens revealed the shady dealings of ZB Exchange, which mentioned that ZB arbitrarily froze user assets without unfreezing or providing solutions, and the platform's stablecoin had also been decoupled.

In addition, the ZB exchange has begun to rot, and there are more than just this problem, such as:

1. The QC issued by the platform has been decoupled from the RMB stablecoin to 11.5, and the normal rate should be 6.7.

2. It is difficult to withdraw cash through the mobile APP nowadays, but I heard that withdrawals can be made through the web version. Users who are still trading are reminded to withdraw cash as soon as possible.

3. In OTC, retail investors are restricted from exchanging QC. They can only exchange QC for U, which will result in a loss of 30-50%. However, the platform continues to issue QC to achieve the final harvest.

4. It is reported that the founder Tang Qihang has fled abroad, which means that this exchange has been abandoned and it is only a matter of time before it collapses and runs away.

However, after these rumors were exposed, some die-hard fans of the exchange came out to defend them, saying that they were slandering and spreading rumors. However, when LUNA was initially decoupled from UST, some people said it was a rumor, but what happened in the end?

In addition, an insider revealed that because ZB Exchange misappropriated user assets to invest in Anyin and another derivatives platform, Anyin collapsed, eventually resulting in a loss of 450 million yuan in assets. They thought it could be concealed, but who knew that problems arose when several large investors withdrew their funds, causing the large investor alliance to discover the problem and start cashing out. This is the reason for the decoupling of QC.

But now those retail investors who are defending the platform have no idea about the real situation of ZB Exchange. However, just because retail investors don’t know doesn’t mean that big investors don’t know either. After the problems occurred, many OTC traders and big investors began to desperately run away.

Finally, I would like to remind everyone to withdraw your coins and run away quickly to minimize your losses. Don’t be like those exchanges such as Manbi, A.net, Anyin, and Layton, who will regret it after the complete collapse.