China swiftly eradicates over 500 illegal crypto dens overnight! Retail investors face nightmare, is the industry's 'dark age' beginning?

💣 Thunder action nuclear explosion points:

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

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

3️⃣ Overseas exchanges' 'disguises' suffer: Platforms like PKEX, WEEX, HTX blacklisted for suspected 'aiding and abetting'!

💥 Regulatory nuclear deterrent:

Retail investors' doomsday warning: 'Dare to touch virtual currency? Account banned in seconds, funds reduced to zero!' Industry earthquake: Trading platforms, self-media, and overseas 'jumping boards' all collapse, no more gray area for crypto in China!

🔥 Polar reactions tear the industry apart:

Regulators cheer: 'It should have been banned long ago! Haven't retail investors been cut enough?' Innovators lament: 'One-size-fits-all = stifling technological revolution! Please leave a lifeline for compliance!' Expert Ms. Zhang predicts: 'Future fintech companies may face 'hell-level' compliance checks, escaping overseas won't help!'

💣 Ultimate chain reaction:

1️⃣ Global regulatory trendsetter: China strikes hard, other countries may follow suit and 'copy homework'!

2️⃣ Underflow within the industry: Tech teams forced to 'go underground' or go abroad, the cat-and-mouse game between regulation and innovation escalates!

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