OKCoin China’s statement on the incident of mob disturbance and false reports

Recently, an article titled "Dichlorvos Sprinkled on Xu Mingxing" has been circulated online, maliciously slandering Beijing Lekuda Network Technology Co., Ltd., the operating company of OKCoin China, and its legal representative Xu Mingxing. The article gave a one-sided report on the recent gathering and disturbance in front of our company, without interviewing our company for verification. The article is not only biased but also has many inaccuracies, which has had a bad impact on our company's brand. The results of our company's investigation and verification of relevant materials are as follows:

1. The process of the incident of gathering a crowd to cause trouble:

1. Yang Yong or Yang Chao?

According to investigation, the user's real name is Yang Chao, not Yang Yong as written in the article.

According to the WeChat search of the mobile phone number registered by Yang Chao in our company, Yang Chao’s WeChat ID is “AO-芝麻粒” and his profile picture is as follows:

2. “Penless” and Luxury Cars

According to the description of onlookers and security guards at the scene, Yang Chao and others came to our company's office in a Tesla luxury car with the license plate removed , and the trunk was filled with pre-prepared items such as DDT, spray paint, and banners.

3. The so-called “DDV” incident

On March 24, 2018, Yang Chao had gathered several people in advance, including a person he called a "reporter." When the company staff approached him, he could not produce any identification. Yang Chao rushed to the staff, raised the bottle of dichlorvos, sprinkled it on the company's front desk area and threatened to drink it if he did not achieve his goal. The staff immediately tried to comfort him and told him that Mr. Xu was not in the company at the time. Despite this, they still led the two of them into the company's reception room.

(Picture from AI Finance)

4. Yang Chao went to Xu Mingxing’s hometown in rural Jiangsu to bully his elders and intimidate his family

In addition to provoking trouble in the company, Yang Chao and others made a special trip to Xu Mingxing's rural hometown in Jiangsu on March 28, 2018, threw paint on his 88-year-old grandfather, sent him paper money and paper flowers, forcibly snatched items from the home, and constantly harassed other family members. After the public security organs intervened in the investigation, Yang Chao and others posted the bullying and intimidation process in the group to show off.

5. Yang Chao's background

According to the information provided by Yang Chao, he runs Chongqing Jumi Network Technology Co., Ltd., whose core business is chess and card games. After searching, it was found that Chongqing Jumi also wholly owns Qianniu Speed ​​Loan Company, which specializes in loan collection business, and Juyan Network Company, which is engaged in gambling games .

The following are related reports about Yang Chao's company: fx168 report screenshot

According to the operating information disclosed by Qichacha, the company was still recruiting futures and stock traders on March 15, 2018.

6. "Rights protection" or trouble-making? The cold-blooded driving force behind the incident

In the WeChat group, several promoters repeatedly instigated everyone to "jump off the building first and then call the police", "jumping off the building is an art", "bring the media along to create momentum", and "pay others to do it" .

Multiple evidences show that the so-called "rights protection" incident was a gathering of crowds to cause trouble for the purpose of extortion . A large number of trolls used the Internet to fan the flames and packaged the losses of digital asset transactions into the illusion of being cheated. If one's legitimate rights and interests are damaged, they can be protected through legal means, while gathering of crowds to cause trouble, intimidation and bullying are both against the law and against the public order and good customs of society.

2. OKCoin China will earnestly safeguard its legitimate rights and interests

Yang Chao and others refused to pursue legal channels and resorted to methods such as gathering to cause trouble, throwing paint, and intimidating and bullying to harass our company and Xu Mingxing personally. OKCoin China cannot accept this and will take legal action to safeguard the company's legitimate rights and interests.

3. OKCoin China’s basic situation and its relationship with global companies with the same brand

As the earliest digital asset trading platform in China, OKCoin China has been strictly fulfilling its customer identification and anti-money laundering obligations in accordance with the requirements of regulatory agencies. On October 31, 2017, in accordance with relevant requirements, it proactively stopped trading business and accurately cleared customer funds. At present, the company has transformed into a blockchain technology and Internet software development company.

Due to the global popularity of the "OK" brand, many companies around the world currently use this brand and conduct business in accordance with local regulatory requirements. OKCoin China and OKEX, which is registered in Belize and has offices in the United States and Hong Kong, have had some technical and service cooperation in the past. After October 2017, they have been separated and operated independently.