Chengdu Mining Coin Exchange QBTC is under investigation by relevant departments. It is suspected that the company's employees were "taken away by two cars"

Wu said blockchain learned that Chengdu exchange QBTC, which mainly sells POW mining coins, is cooperating with relevant departments in an investigation because a project it launched is suspected of violating regulations. As some QBTC personnel are currently cooperating with relevant departments in the investigation, the withdrawal service cannot be processed during the investigation. Many QBTC users confirmed to Wu said blockchain that they could not withdraw coins.

A person close to QBTC exchange told Wu Blockchain that QBTC has always been focusing on small mining coins, which is relatively stable and low-key. Perhaps because of a friend's relationship, BMJ coin was launched on May 20, and was subsequently reported to the Chengdu Public Security Bureau by users. On the afternoon of Thursday 4th, "QBTC suspected that all the company's 'two cars' were taken away for investigation, and several customer service staff were released in the evening to issue an announcement." The reporter is suspected to be a player whose early capital investment was trapped.

The female blockchain doctor from the self-media also posted on Weibo:

BMJ's introduction seems to be a storage coin imitating filecoin, but the overall communication design style is relatively "copycat", claiming to be "deeply developed based on ipfs underlying technology for 5G, using slicing technology for P2P transmission of nodes, and achieving hundreds of megabytes of file transmission in seconds. With the full launch of BMJ distributed nodes, it will achieve effective connection of millions of devices around the world, providing Internet companies with the cheapest and most efficient storage, network acceleration, edge computing and other services."

QBTC customer service said: Dear QBTC users: Regarding the recent unresolved issues regarding deposits/withdrawals, which have caused some users and investors to over-speculate, the following explanation is provided: 1. This investigation was caused by problems with a certain project party and the organized and premeditated smear campaign by a few malicious radicals, which has caused the QBTC platform to cooperate with relevant departments in the investigation.

QBTC released two announcements on the 4th and 5th:

The announcement on the 4th stated: Due to a project launched by QBTC suspected of violating regulations, our company is fully cooperating with the relevant departments in the investigation. During the investigation, some users' withdrawals have not been processed yet. We apologize for the inconvenience caused to you. We will handle the withdrawals that have not been processed as soon as possible after cooperating with you. Please wait patiently. QBTC will strictly control related risks in the future and create a good trading environment. Digital currency investment has high risks. Please invest rationally and strictly control risks.

On the 5th, the announcement stated that since some QBTC personnel are currently cooperating with relevant departments in the investigation, the withdrawal service is temporarily unavailable during the investigation. We apologize for the inconvenience. We will open the withdrawal service soon. Currently, the website deposit, trading services and OTC transactions are open as usual. Users can communicate with exchange staff in the QBTC community and keep abreast of the exchange's dynamics. We will do our best to serve you. Thank you for your support, QBTC Exchange.

(QBTC official TELEGRAM group)

Feixiaohao shows that QBTC is currently ranked 55th in the world, and CMC is unable to find any relevant rankings.

QBTC is located in Chengdu and its founder is Li Shuang. In March, QBTC, as a member of the enterprise anti-epidemic support plan, jointly launched the "Enterprise Anti-epidemic Support Plan" charity event with Golden Finance, offering anti-epidemic support packages to support the rapid resumption of work and growth of blockchain innovation companies across the country . On April 15, QBTC reached a deep strategic cooperation with OKLink. Users can directly use the OKLink blockchain browser to check the transfer progress when depositing and withdrawing QBTC.

On October 17, 2019, QBTC announced its landing in Kiev, the capital of Ukraine. On December 13, 2018, QBTC announced that it had received millions of US dollars in investment from Hong Kong Lianchi Digital Wealth Management Global Co., Ltd.

QBTC is located in Chengdu, Sichuan, where mining is densely populated. Therefore, it has introduced a policy of giving priority to proof-of-work (POW) currencies. It claims to have launched a variety of high-quality POW currencies in more than half a year, which has provided convenience to the miners while also rapidly expanding itself.

Recently, the People's Bank of China and the public security department are cracking down on telecom fraud and money laundering, which has led to a large number of OTC merchants having their credit cards frozen. It is not clear whether the suspected violation of the QBTC project is related to the recent tightening of supervision. Wu said that the blockchain will continue to update the follow-up progress.