Two more exchanges collapsed: withdrawals were prohibited and accounts were maliciously frozen!

We have always reminded people to be careful with small exchanges, because in a regulated environment, small exchanges are less popular, have more tricks to harvest, and have a greater risk of running away. The profits they advertise will also be higher, so as to attract user participation.

Recently, some users exposed two exchanges, which have collapsed in various ways. In the early stage, they deceived you into making deposits, but later restricted you from withdrawing money with this reason. These two exchanges are: Wall Street and ZGK Exchange.

Some users remind: If someone actively adds you as a friend and asks you to download the "Wall Street" app, stay away from it. This platform mainly relies on some small profits to induce you to recharge and invest, and will not allow you to withdraw cash later. If you want to withdraw cash, they will find various reasons to trick you into continuing to recharge and invest, such as "paying another 50% of the principal for capital verification."

Wall Street just finds all kinds of excuses to restrict you from withdrawing money, but the ZGK Exchange goes even further. At the beginning, they brainwashed people into investing money, saying that the more you invest, the higher the profit. After tricking users into depositing large amounts of money, they found other reasons to refuse withdrawals, and even froze the accounts directly. They have absolutely no bottom line. Some users have been defrauded of nearly 600,000 yuan.

Nowadays, these two fake exchanges have received a large number of complaints from users. Investors should stay away from such exchanges that cannot withdraw cash. Never be greedy for that little bit of profit. You must know that high profits and high risks coexist.

In fact, this phenomenon of restricting withdrawals is commonplace in the cryptocurrency circle. Not only that, insider trading, plug-in operations, and network cable unplugging will occur in major well-known exchanges, not to mention these small exchanges, where they are even more unscrupulous in cutting leeks.

Moreover, most small exchanges are Ponzi schemes, and they exist to reap profits. Once the profits are harvested, they are not far from running away. If you blindly participate, you may not be able to withdraw your principal, let alone make money. Therefore, don’t touch small exchanges! !