China swiftly dismantles over 500 illegal cryptocurrency dens overnight! Retail investors' nightmare arrives, is the industry entering a 'dark age'?

💣 Thunder Action Nuclear Explosion Points:

1️⃣ On May 24th, a crackdown on illegal platforms: The Cyberspace Administration + Financial Bureau join forces, hundreds of illegal cryptocurrency platforms uprooted!

2️⃣ Major accounts like 'Love Stock Trading' and 'Brother Fire Talks Coins' wiped out: Involved in false advertising and inducing speculation? Direct account bans + website closures!

3️⃣ Overseas exchanges’ 'disguises' suffer: Platforms like PKEX, WEEX, HTX suspected of being 'accomplices' are blacklisted!

💥 Regulatory nuclear-level deterrence:

Retail investors' doomsday warning: 'Dare to touch virtual currencies? Accounts instantly banned, funds go to zero!' Industry earthquake: Trading platforms, self-media, and overseas 'jumping boards' all collapse, no more gray areas for cryptocurrency within China!

🔥 Polar reactions tear the community apart:

Regulatory faction cheers: 'It's about time to ban! Haven't retail investors been hurt enough?' Innovative faction laments: 'One-size-fits-all = killing the technological revolution! Please leave a way out for compliance!' Expert Ms. Zhang predicts: 'Future fintech companies may face 'hell-level' compliance checks, escaping overseas is useless!'

💣 Ultimate chain reaction:

1️⃣ Global regulatory trendsetter: China's heavy hand may lead other countries to follow suit and 'copy homework'!

2️⃣ Industry undercurrents: Technical teams forced to 'go underground' or go overseas, the cat-and-mouse game between regulation and innovation escalates!

3️⃣ Retail investors' life-and-death game: 'Either comply, or wait to die!' The global cryptocurrency market may face its harshest winter ever!