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Fraud PreventionA reminder: WEEX will not directly issue black cards to users. Generally, black cards are given after a warning card or multiple violations. If a user with a black card has questions, they can email to appeal. If there are no prohibited violations by the platform, we will definitely help resolve it.

Fraud Prevention

A reminder: WEEX will not directly issue black cards to users. Generally, black cards are given after a warning card or multiple violations. If a user with a black card has questions, they can email to appeal. If there are no prohibited violations by the platform, we will definitely help resolve it.
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Swiss Crypto-Friendly Bank FlowBank Forced to Bankruptcy Due to Serious ViolationsThe Swiss Financial Market Supervisory Authority (FINMA) announced that it has forced FlowBank, a cryptocurrency-friendly online bank that has business dealings with TrueUSD stablecoin issuer Techteryx, crypto asset management company CoinShares and the world's largest cryptocurrency exchange Binance, to go bankrupt due to major violations. FINMA finds FlowBank in serious breach of capital adequacy requirements In a statement on June 13, FINMA pointed out that FlowBank took closure measures because it no longer had the minimum capital required for business operations and there was no possibility of restructuring. There were concerns about the bank's excessive debt.

Swiss Crypto-Friendly Bank FlowBank Forced to Bankruptcy Due to Serious Violations

The Swiss Financial Market Supervisory Authority (FINMA) announced that it has forced FlowBank, a cryptocurrency-friendly online bank that has business dealings with TrueUSD stablecoin issuer Techteryx, crypto asset management company CoinShares and the world's largest cryptocurrency exchange Binance, to go bankrupt due to major violations.
FINMA finds FlowBank in serious breach of capital adequacy requirements
In a statement on June 13, FINMA pointed out that FlowBank took closure measures because it no longer had the minimum capital required for business operations and there was no possibility of restructuring. There were concerns about the bank's excessive debt.
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