Reposted from Twitter\K1ko's sister's dad$BTC #币安Alpha上新
The Bitget illegal fraud group violated the National Security Law, subverted China's economic security, and infiltrated Hong Kong's licensed exchange OSL. Did Liu Shuai, Gracy Chen, and Xie Jiayin's fraud group also infiltrate the Hong Kong Cyberport Web3 Fund?
Bitget’s overseas illegal fraud group infiltrated Hong Kong’s compliant exchange OSL clues:
Bitget has promised to clear out mainland Chinese users in 2021, otherwise it may violate China's ban. Bitget will withdraw from the Hong Kong market in 2023 and has been included in the high-risk list by many countries, including France, Germany, Austria, and Malaysia.
It is now illegally opening services to users in mainland China and Hong Kong, and is frantically expanding its mainland market.
BC Group’s decision to sell the exchange was influenced by the JPEX scandal, which caused local investors to lose more than $400 million. The Liu Shuai Bitget scam group took the opportunity to acquire a stake in OSL, a Hong Kong-based compliant exchange.
OSL is ostensibly a licensed institution in Hong Kong, but the latest equity changes show that its control has been seized by Bitget’s BGX.
BGX, which was derived from the actual controlling team of Bitget, acquired approximately 30% of the shares for HK$710 million and sent its own executives to take over the CEO position.
Bybit CEO Ben Zhou and the natural person with the same name as Zhou Yuchen raised OSL to more than 5%.
In its enforcement action against Bybit, the Securities Commission of Malaysia (SC Malaysia) explicitly mentioned that Bybit CEO Ben Zhou’s full name is “Zhou Yuchen” and condemned Bybit and its Ben Zhou (Zhou Yuchen) for operating a digital asset exchange (DAX) without registration locally.
Ben Zhou applied for a Hong Kong VATP license under the name of Spark Fintech and was severely reprimanded by the Securities Commission of Malaysia for operating without a license. Unlicensed or unregistered entities are not protected by Malaysia's securities laws and face risks such as fraud and money laundering.
OSL Group allocated shares to BGX, owned by cryptocurrency investor Liu Shuai. Liu Shuai's shareholding ratio increased to nearly 30%, while East Harvest, owned by the original major shareholder, industrial stock shell king Gao Zhenshun and Lu Jianbang, was diluted to 29.96%. Subsequently, East Harvest reorganized its structure, and after several rounds of share reduction by Gao Zhenshun, his shareholding fell below the 5% disclosure threshold.
In 2024, OSL released its first "turnaround" profit forecast since its listing, but the profit mainly came from one-time investment income rather than main business fees, which was the same time as the large-scale equity financing.
Bybit was listed as a "suspicious platform" and severely warned by the Hong Kong SFC in 2024. Bybit has not yet obtained a Hong Kong license but has already held shares in a licensed exchange, forming a de facto alliance with Bitget funds, which may constitute potential "industry collusion."
The mixing of gambling cash and crypto assets is often listed as high-risk by the multinational Anti-Money Laundering Organization (FATF); if the equity penetration is true, OSL may face a license review in the future.
First, we will find out the traitors one by one and expose them, starting with the Bitget Liu Shuai fraud group!
First matter: OSL Group (00863.HK), a Hong Kong listed company and a licensed No. 7 compliant crypto exchange, was infiltrated by a Southeast Asian gambling fraud group.
Key points of doubt:
Suspicion 1: Liu Shuai, the actual controller of the overseas illegal gambling platform Bitget (now under border control in mainland China), completed his investment in BC Technology, the parent company of the licensed exchange OSL, through the Cayman company BGX Group Holding Limited. Pan Zhiyong and Yang Chao, nominated by him, have joined the board of directors of BC Technology.
Myth 2: Parties related to Bybit, another illegal overseas exchange, are also closely connected with OSL shareholders.
Question 3: Where are the assets of BGX/Bitget, Bybit, and Phoenix Entertainment in Hong Kong flowing? Have the risks of high-risk trading bets and gambling money laundering been introduced into the Hong Kong licensing system?
We wait and see:
Wait and see 1: When the Hong Kong Securities and Futures Commission approved BGX to acquire a stake in the licensed institution OSL, did it fulfill its obligation to review the No. 7 license holder (appropriate person)? Are the shareholders involved in organized crime and illegal gambling platforms, and are they involved in gambling money laundering?
Wait and see 2: Will the Hong Kong Securities Regulatory Commission take action against BGX’s shareholder rights in OSL and initiate a license review?
Wait and see 3: Will OSL’s license be revoked?
Watch 4: Hong Kong is an international financial center. If the actual controller of illegal gambling fraud in Southeast Asia infiltrates a compliant exchange through a shell company, does this violate the (Anti-Money Laundering Ordinance)?
The second issue: Is there any suspicion of negligence in the investment risk control of Hong Kong Cyberport? Is taxpayers’ money involved in money laundering in Web3?
Key points of doubt:
Question 1: As a wholly-owned institution of the SAR government, does Cyberport’s funding come from Hong Kong taxpayers’ money? Does it use taxpayers’ money to co-invest in science and technology innovation projects with funds from illegal overseas exchanges such as Liu Shuai and Foresight Ventures? Is there any improper transfer of interests?
Question 2: Have you conducted due diligence on the background of shareholders? Are there any such related shareholders in the existing portfolio projects?
Question 3: Have you established a "high-risk investor screening mechanism"? Please disclose the current due diligence standards and historical project review records.
Question 4:
The private dinner party of Cyberport director Kong, Wanxiang Xiaofeng and Bitget executive Gracy Chen, sparked reasonable suspicion of Cyberport's connection with illegal platforms. As the spokesperson for Web3 compliance of the Hong Kong government and a member of the Anti-Money Laundering and Terrorist Financing Review Tribunal, Kong has undisclosed interests and needs to clarify immediately:
• The nature of the meal and the content of the discussion;
• Whether Cyberport and the listed company entities under Kong’s name have any business or financial dealings with Bitget/Liu Shuai in any form.
We wait and see:
Wait and see 1: Will Cyberport Chairman Chan Sai Ming and Director Kong (executive of listed companies NanoTech/Canaan Technology) publicly respond to this matter?
Wait and see 2: Will the Legislative Council’s Financial Affairs Panel or the Independent Commission Against Corruption intervene in the investigation?
Final Appeal:
We call for the global Web3 center to return to the Chinese world. The era of great compliance has begun, and the first thing to do is to expose the evil fraud team Bitget Liu Shuai and his cronies!
The head of a Southeast Asian fraud group holds shares in Bitget, Bybit, MEXC, and the compliance firm OSL. Would you hand over your wallet to these people?
This circle is rotten to the core, officials protect each other. No one dares to speak out!
The illegal gambling exchanges in Southeast Asia in the industry infiltrate each other's shareholdings through venture capital departments, and the related parties launder money together to cut the leeks of the people. It is no different from the northern Myanmar park, just targeting the fat meat of mainland China.
There are too many people without conscience in the industry. None of these people at the Wuzhen dinner in the cryptocurrency circle are completely clean. They are not worthy of being called entrepreneurs. They are dripping with blood and carrying original sin. To put it bluntly, half of the table at Xiao Feng’s dinner was cut by leeks, and human lives were taken lightly!
Why the crypto world can never grow, all the newcomers are cut off by these exchanges. The dark age of the Chinese cryptocurrency circle begins to turn over today!
Now regarding Bitget, OSL, and Hong Kong Cyberport, we implore the Chinese government, the Hong Kong Securities Regulatory Commission, the Hong Kong Monetary Authority, the Hong Kong Legislative Council members, the Monetary Authority of Singapore, the Singapore government, and all sectors of society to pay attention to this matter. (The above ranking is in no particular order)
The official media reports are public, and the reporting methods of the Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority are public.
Bitget is a Fraud and a Criminal Offense. The fraud of trading against users has been confirmed. The relevant license will be revoked if it is obtained through fraud or concealment.
Bitget has promised to clear out mainland Chinese users in 2021, otherwise it may violate China's ban
bitget.com/support/articl…
Anthony (Tony) Wong, a Southeast Asian fraud boss and co-shareholder of Bitget, Bybit, and MEXC, is a Singaporean citizen
binance.com/en/square/post…
BC Group’s decision to sell the exchange was influenced by the JPEX scandal, which caused local investors to lose more than $400 million. Liu Shuai Bitget fraud group took a stake in Hong Kong compliant exchange OSL
dailycoin.com/osl-bags-90m-i…
ledgerinsights.com/hong-kong-bc-t…
OSL Group (HKEx code 863.HK) has introduced three "high-risk funds" in the past two years:
① BGX, which was derived from the actual controller team of Bitget, acquired approximately 30% of the equity for HK$710 million and sent its own executives to take over the CEO position;
② The natural person "Zhou Yuchen" whose name is the same as Bybit founder Ben Zhou held a stake of more than 5% in February this year; m.zhitongcaijing.com/article/share.…
③ Multiple industry reports indicate that Anthony Wong, the owner of the Southeast Asian gaming group "Phoenix Entertainment Lottery", is not only a shareholder of Bitget/Bybit, but has also invested in OSL through an over-the-counter agreement. Once BGX and gaming funds actually control the first batch of licensed exchanges of the Hong Kong government, they will bring the risks of "unlicensed gambling" and "money laundering" into the Hong Kong compliance system.
BGX CEO Pan Zhiyong concurrently serves as the head of BitgetX, and is questioned as "same actual control". OSL announced another "strategic adjustment" to change leadership, and the board of directors frequently rotated. Pan Zhiyong took over as CEO of OSL Group, and multiple seats on the board of directors changed on the same day
ledgerinsights.com/standard-chart…
group.osl.com/press-release/…
2025-01 Released the first "turnaround" profit forecast since listing, but the profit mainly came from one-time investment income rather than main business fees, which highly overlapped with the timing of large-scale equity financing.
prnewswire.com/apac/news-rele…
The media compared the name with industry information and determined that he is the same natural person as Bybit CEO Ben Zhou; Ben Zhou had just applied for a Hong Kong VATP license under the name of Spark Fintech and was severely condemned by the Malaysian Securities Commission for operating without a license.
cointelegraph.com/news/bybit-app…
technode.global/2024/12/27/sec…
Bybit has not yet obtained a Hong Kong license but already holds shares in another licensed exchange, forming a de facto alliance with Bitget-related funds, which may constitute potential "industry collusion."
The mixing of gambling cash and crypto assets is often listed as high-risk by the multinational Anti-Money Laundering Organization (FATF); if the equity penetration is true, OSL may face a license review in the future.
Bitget will withdraw from the Hong Kong market in 2023 and will be included in the high-risk list by many countries; Bybit will be listed as a "suspicious platform" by the Hong Kong SFC in 2024.
blockhead.co/2024/03/18/hon…
If BGX/Bitget, Bybit, and Phoenix Entertainment funds infiltrate OSL at the same time, it will trigger the (Anti-Money Laundering Regulations) double review of "appropriate persons" and "significant shareholders", and in the most serious case, the license may be revoked.
After Hong Kong approved four new exchanges at the end of 2024, the SFC is speeding up the review process for "high-risk shareholders"
reuters.com/business/finan…
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Submit a formal complaint to the Hong Kong Stock Exchange (HKEX)
hkex.com.hk/Global/Exchang…
Report to the Hong Kong Securities and Futures Commission (SFC)
sfc.hk/sc/complaints/…
