What should come will come eventually. Huobi’s official APP will forcefully remind you that Huobi will stop deposit and currency trading services for users in mainland China today and tomorrow. After a long period of silence, Huobi’s liquidation work officially started.
Until December 31, which is the last day of this year, Huobi will close the RMB OTC business, completely withdraw from the Chinese market, and draw a perfect end to 2021. We are in the previous article"2021 has entered the countdown stage, and the official countdown to the clearance of each platform"It also mentioned that according to limited information, it is not only Huobi that has entered the countdown, but also Binance, Matcha MEXC, Bitget, KuCoin, Poloniex and other trading platforms, as well as mining pools f2Pool, Mars Cloud Mining, etc.
According to the data, as of last year, Huobi has at least 15 million users; considering Huobi’s past development strategy of the main website in the Chinese market, Chinese users account for a relatively high proportion of them, and the scale of this round of withdrawals can reach millions level, which is rare in the industry.
In this clearing operation, Huobi responded to the national policy guidance and firmly adhered to the clearing strategy, emphasizing that "no one can stop the clearing work"; according to reports, in the application process after the clearing, as long as the main registrant or the final The beneficiary may be a citizen of mainland China. Even if an overseas company is used for registration, the registration application will not be approved, completely cutting off the possibility of exploiting loopholes or having ulterior motives. "Without Huobi, there will be Binance and OK." Waiting for a possible more reasonable operating method.
At the same time, Huobi’s structure is undergoing drastic personnel changes. Zhu Jiawei’s team has left the management one after another. Some of them have joined homogeneous companies to continue their development, while others may choose to start their own businesses and develop independently. The former CEO of Huobi Global Station, the person in charge of the mining pool, and the person in charge of the asset center have also left one after another; while Huobi is adapting to market changes, it is also undergoing the test brought about by a large number of changes in structure and personnel.
In the future, the development model of Huobi is similar to that of Bybit, focusing on overseas markets; ByBit digital currency derivatives trading platform was established in March 2018, registered in the British Virgin Islands BVI, and headquartered in Singapore. The internal test began on September 29, 2018, with users covering North America, Europe, Russia, Japan, South Korea, Southeast Asia and other countries and regions, focusing on serving individual and professional derivatives traders;
As a pioneer in the overseas market, Bybit paid attention to the overseas market from the very beginning. This is slightly different from the development track of Huobi’s main station in the Chinese market. Although Bybit also intended to develop in the country halfway, due to the restrictions of policy conditions, soon It stopped its domestic development; and Huobi was once the absolute king in the Chinese region. This time, millions of users were cleared and returned to bronze. However, if the market environment does not change, if you want to gain a place, you should be able to Familiar with the road. It can be seen that in the current overseas market, Huobi mainly focuses on emerging markets such as Southeast Asia, Turkey, Russia, and Africa. It has accumulated millions of users and has a certain overlap with ByBit. There is a positive push.
The withdrawal has arrived as scheduled. Any organization that does not provide services in the country will not be allowed to have official APPs, airdrop plans, or any capital transactions in the country. Once again, the majority of users are reminded to ensure the safety of their assets as much as possible, and the exit of a large number of platforms The shutdown of Chinese and domestic websites has caused a certain degree of information inequality, and some people with bad intentions are waiting for the opportunity to take advantage of this information inequality and users’ perception of the market through false text messages, WeChat, virtual phone calls, etc. Confusion, to obtain illegal benefits, and these are one of the reasons why the country vigorously rectifies the industry.
As the clearing action in the trading market is hot, various scams also follow. The editor has listed the following situations. Fans and friends are requested to read patiently and beware of scams!
1. Counterfeit currency: defrauding counterfeit exchange tokens
Gaining trust: set up a"Huobi Official Arbitrage China Team"Telegram group for fraud.
Fraud method: Under the guise of "mobile brick arbitrage", users are induced to transfer their personal ETH to a certain wallet. Promise to transfer HT to users in proportion. The actual transfer is fake "HT" (not the official HT token issued by Huobi) to defraud users of assets.
Safety Tip: For information on platform activities, please refer to the official announcement of each platform.
2. Transaction fraud outside the platform
Gain trust: Gain trust through online dating, online dating, investing in teachers, and more.
Fraud Method 1: Non-payment for OTC transactions. For transactions outside the platform, it is agreed to deposit coins before payment, and the buyer will no longer pay after the withdrawal is completed.
Fraud method 2: OTC transactions do not deliver coins. For transactions outside the platform, agree to pay the money first, and the seller does not provide currency after you pay.
Fraud Method 3: OTC transactions are counterfeit currencies. For transactions outside the platform, it is agreed to pay the money first, and then deposit the currency. After payment, the seller will recharge the counterfeit USDT (this USDT is not issued by tether company)
Fraud method 4: In the early stage, based on the transaction limit and other reasons, entrust the sale of counterfeit currency, and entrust you to sell on behalf of the platform for small recharge. Later, after defrauding a large amount of funds, I recharged the fake USDT (this USDT was not issued by the tether company).
Safety Tip: Do not conduct private transactions outside of the platform.
3. Pretend to be friends
Gain trust: impersonate or steal a friend's social accounts.
Fraud Method: Borrowing money from you for reasons such as loans, turnover, etc., and refusing to confirm identity by video or voice in the process. Once you accidentally take out the coins, you will be successfully cheated.
Security tip: To withdraw money to a friend, please confirm that the other party is your own operation
4. Investment Fraud
Get in touch: Add WeChat, QQ, Telegram, etc. through social platforms to attract you to the group.
Gaining trust: posing as unauthorized cooperation on various large platforms, posing as public officials, etc. to gain trust.
High rewards: In the form of "mobile arbitrage", "high rebates", "operating according to orders" and "increasing interest by depositing coins", in addition, there are rewards for group friends to continuously acquire and release orders.
Summarize:
Summarize:
The five most common ways of fraud are:
1. Telephone fraud;
2. SMS and email fraud;
3. Social fraud;
4. Virtual currency financial management fraud;
5. Pretending to be a staff member to defraud;
The six most common scams are:
1. The account is banned, click the unfamiliar URL to unblock;
2. First deposit coins for you, and then withdraw coins to a safe address;
3. If the transaction is abnormal, guide to upgrade the account;
4. The account is at risk, share the screen to release the risk control;
5. Suspected of money laundering, there are specialists to help you relieve the risk;
6. Cancel users in a certain region and upgrade to an overseas account;
Recognize the above possible fraudulent methods, be vigilant as soon as you contact them, and stop immediately if you have any questions. Before they are completely cleared, each platform still maintains stable official channels. Please make sure to pay attention to official channel notifications, and don’t believe that any other channels may involve The information of personal assets allows criminals to take advantage of it.
