UC-Investing Review 3
Cash account, custody account is at 0, it's like this as
Familiar recipe, familiar taste. On May 9th, they claimed that a hacking attack made it impossible to operate positions according to the established strategy, causing a forced liquidation. Then, on May 11th, they announced that the company is responsible and willing to take action, ready to activate a so-called insurance to bear compensation liability. Starting from June 10th, the compensation will be linear at a rate of 0.6%. In plain words, this is to fear large investors collectively alerting authorities. Those who have invested substantial funds should abandon any illusions and report it quickly. If they transfer the funds overseas, it will genuinely become a total loss.
Previously, they had a lot of promotion events to attract large amounts of funds, especially large ones. On May 9th, they announced that they were under a security attack, which caused the positions to liquidate as they could not execute the strategy. On May 11th, they announced that they would responsibly compensate customers linearly at a rate of 0.6% per day starting from June 10th. They're a typical scam company. In fact, they're trying to prevent customers from reporting them en masse and running away with the money. If you've invested more than $20,000, I suggest reporting them immediately to minimize losses. Once these scammers transfer the funds overseas, we'll truly be left with nothing.
