Awesome, netizens continue to dig up the dark materials behind BG.
What should you do if @bitgetglobal boss Liu Shuai finds black police for revenge?
Regarding Bitget's dealings with black police, Bitget contacted the police in Yancheng, Jiangsu, for illegal cross-regional law enforcement to freeze the account of the party involved @binance. This matter has been reported to the Jiangsu Provincial Discipline Inspection Commission. We are now waiting for the investigation results.
Liu Shuai is just a small private equity fund boss who can't make much of a splash. Liu Shuai's background is in channel sales; everyone should know that in a fund company, top talent does research and investment, second tier does trading, and third tier does sales. Among sales, institutional sales are the most respected, and he is just a channel salesperson. What does channel sales do? The main job is to create PowerPoint presentations for their own company's fund products and to connect with distribution channels, such as bank wealth managers and client managers, to promote products, mainly connecting with bank business departments and brokerage firm investment consultants, selling fund products to retail investors. If you say Liu Shuai is an institutional salesperson, I would regard you with a bit more respect; at least he could have access to large clients like insurance asset management and state-owned enterprises. He may have accumulated some high-net-worth clients from his early years in channel sales (newly wealthy individuals who have made some money, meeting the standards of qualified investors who can invest 1 million in his fund). Therefore, most of the funds he raised in Shenzhen were from small local newly wealthy individuals and bosses he accumulated in earlier years. Later, he made Fintech investments and accidentally profited from an exchange.
A little-known fact: Chinese domestic first-tier and second-tier private equity funds do not have licenses; they are only registered with the Securities Investment Fund Association.
There are countless private equity funds in China, and don't think that just because someone is a private equity fund boss, they are a big shot, or a red second-generation or red third-generation. This is a false impression deliberately created by Bitget's marketing department to deceive the vast audience in the crypto circle. On one hand, they treat losers as blood bags to drain, and on the other, they PUA them into believing they have a strong background. They only intimidate people at that level, and KOLs who have received money from Bitget and distort the truth will be held accountable.
Feng Bo is the boss of a dollar fund @dragonfly_xyz. He has invested in numerous cryptocurrency exchanges, including @Bybit_Official and @Bitget_zh. Anyone from the middle class in Beijing and Shanghai who is in the crypto circle knows where there are people with connections. Now the party is cracking down on corrupt officials, and the general secretary has stated that this year there will be a strict crackdown on corrupt officials laundering money through cryptocurrency.
Who are Feng Bo and Liu Shuai's backers? Who dares to stand up and say they are your backers? Which official wants to be associated with you two? First of all, Feng Bo and Liu Shuai are very clear about the specific business practices of the companies they invest in and whether they are illegal; cutting leeks and engaging in scams is an immoral business behavior. This is unrelated to whether there is regulation in the crypto circle or whether the market is self-regulated; this is called knowing what to do and what not to do.
According to a participant of the Wuzhen dinner in the crypto circle, Liu Shuai's current strategy is to refuse to negotiate with mainland China and completely abandon compliance. Directly opening VPN and mainland KYC, preparing to harden and take a bite of the mainland market. It's a pity to give up such a large market; anyway, he has already run away, now he just wants to harden and take the mainland market. What can you do to me?
Xie Jiayin (@xiejiayinBitget), Chen Jialin (@GracyBitget), Bai Fengxiao (@ForestBai1), Liu Shuai. The shareholders (actual asset holders) and executives of the exchange are currently all under control by the Chinese government. Entering the country will result in detention and transfer to the police, followed by prosecution and sentencing. Other employees of the Bitget exchange, such as contract spot operations and contract spot BD, will be investigated and detained by the police; whether they will be sentenced will depend on the specific sentencing results.
Bitget exchange's violations and illegal activities:
1. Arbitrarily deducting users' principal, fees, and P&L without their knowledge.
2. Using fake digital order books and fake contract order books to gamble against users. Additionally, maliciously manipulating prices to cause users to be liquidated.
3. Illegally opening VPN registration and KYC for users in mainland China. Recruiting mainland personnel to engage in targeted sales and gambling action planning for mainland users.
4. Staff selling government IDs and address proofs to mainland users through KYC.
5. Entering universities to encourage students to gamble, recruiting students as agents to promote gambling products on campus, encouraging students to register.
6. Maliciously accusing market makers of profiting from loopholes. In reality, users are legally trading with the company's proprietary market makers and earning normal profits.
7. Using users' money for marketing activities, giving bonuses to participants on social platforms.
8. Arbitrarily rolling back trades, according to unilaterally set rules, only rolling back the losses of a few designated clients while not rolling back the profits gained by normal clients. Meanwhile, the transaction fees for two-way trading are deducted accurately.
9. Without formally filing a case in court, illegally using domestic judicial and public security resources to enforce laws against citizens in mainland China.
10. Overseas illegal gambling platforms send invalid lawyer letters to scare clients.
If anyone knows of other violations by Bitget, please feel free to add!
So tell everyone in the crypto circle: we are now in an era of major compliance; the future of the crypto industry will comply with legal entry and exit of funds and legal trading. In the US, Europe, Japan, Singapore, Hong Kong, and mainland China, compliance is gradually being established. In such a major compliance era, Bitget is still involved in black activities and has engaged in such behavior. It's a joke, just fooling the losers; one is willing to fight, and the other is willing to be beaten.
Statement: The following is the situation of the private equity fund under Liu Shuai, which is legally disclosed online in the Chinese securities and fund industry, as well as its violations and penalties. As a legitimate Chinese citizen, I am legally making this public.
As Chinese citizens, we should not be afraid when encountering problems, and we should not be intimidated by overseas illegal gambling platforms. We should reasonably and legally appeal to the government and the police. The subsequent situation will be reported to the relevant central ministries.