Yuzhi Financial Faces Allegations Over Withdrawal Issues and High Fees

2025-12-14 16:10

Yuzhi Financial, under scrutiny for allegedly enticing investors with promises of high returns, is facing backlash as its virtual asset trading app "HSEX" reportedly blocks withdrawals. Investors have complained about being unable to withdraw funds, prompting the platform to demand a 20% "self-certification deposit" of the account total and increasing withdrawal fees from 10% to 30%. Authorities in Guangdong, Guangxi, and Hunan have issued warnings about Yuzhi Financial's activities. Additionally, the Hong Kong Stock Exchange has identified HSEX and HKEX as suspicious websites, clarifying that they have no affiliation with the exchange.

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