Chapter 774 - 319: People in Finance All Have Dirty Hearts! (Part 3)

Chapter 774: Chapter 319: People in Finance All Have Dirty Hearts! (Part 3)

In that case, the adversary will replenish funds every day, not to crash the market, but purely to pay interest.

If they don’t pay interest, they will deduct from their margin, and over time, even if the contract price doesn’t change much, they will still be automatically liquidated due to insufficient margin.

Although it seems calm and quiet, Jiang Banxia knows that the opponent is certainly preparing for a new round of attack.

It could be the public opinion guidance that Li Yang mentioned, or maybe something else...

By March 5th, some users started claiming that they were unable to withdraw funds from the Huobi Platform.

Such accounts became increasingly common, spreading rapidly within just one day.

Especially on various forums, this issue was heavily dramatized.

Some people said that the Huobi Platform had already misappropriated user funds and was now suffering heavy losses, unable to produce any money.

Others claimed that the Huobi founder had already cashed out hundreds of billions of US Dollars and left the market, saying that all users’ money would go down the drain.

Thus, this atmosphere drove a large number of users to attempt withdrawals.

Then... some of them actually found that they couldn’t withdraw.

Withdrawal requests were submitted for half an hour, and the account showed no money!

Previously, it only took a few minutes for the account to show the funds, but now it was not processing.

However, some people did get their funds.

But faced with the majority who didn’t, those individuals were quickly accused of being paid opinion manipulators.

Li Yang immediately received a call from Chen Peipei.

Li Yang asked, "Is it truly unprocessed or fake?"

"It’s truly unprocessed; there was an issue with the United States bank over there. It seems like they monitored some of our accounts, but they’re not very sure, so they’ve paused the transactions."

"Okay, got it."

Li Yang hung up the phone.

He didn’t hide it from Jiang Banxia, using the speaker.

Jiang Banxia said, "Maybe they tested it out bit by bit; the platform here didn’t maintain confidentiality."

"How did they test?"

"For example, they register a Huobi account and deposit 483 US Dollars. According to the normal process, this money will be directly transferred to the company account. They just need to monitor the account with the special amount of 483 US Dollars, then withdraw. If the money still comes from that account, they can basically lock that account."

Li Yang frowned, "It usually wouldn’t come from the same account."

Li Yang didn’t know how many accounts the platform had; the funds behind were extremely complex. The United States there would have to monitor all accounts completely to possibly restrict the platform’s transactions.

The US Dollar itself is a global currency, and overseas transactions exist everywhere; if they dare do such a thing, it’s equivalent to directly abandoning their own hegemony.

For merely one Huobi Platform, it’s simply not worth it.

They even can’t verify the legitimacy of those transactions.

"Then they’ve used large amounts of data for testing, gradually screening out a few accounts, and now they’re focusing regulation on those accounts’ funds."

"Hmm."

To Li Yang, this wasn’t the most troubling issue.

Because there wasn’t much money in those accounts.

All funds were dispersed; accounts with more might have tens of millions or one or two billion US Dollars, while those with less might only have a few hundred thousand US Dollars.

Moreover, many anchor companies are overseas. Is it not normal for a single company account to have one or two billion US Dollars?

Li Yang worried about those accounts...

If information were sent to those accounts, saying the bank affected them, people in the United States could lock them immediately, with ample evidence in a triple chain, acting directly by their legislation.

Put plainly, black market activities can’t bear scrutiny.

Only the platform can cover first, the process is relatively complex.

There was nothing Jiang Banxia could do; at most, improving the capital structure, like rounding up, although this would cause some other issues, it could make locking accounts harder.

Yet it treats symptoms, not the root cause.

As long as the United States is willing to pay enough costs, they might still find them.