YuZhi Financial-related virtual asset projects are reported to have withdrawal restrictions, with multiple regions issuing risk alerts.

Mars Finance reports that YuZhi Financial, which disguises itself as “virtual asset copy trading,” is suspected of using high returns as a gimmick to attract investors. Recently, its virtual asset trading app “HSEX” has been reported by multiple investors to be unable to process withdrawals normally. The platform then demanded users pay a “self-certification deposit” amounting to 20% of their total account balance and increased the withdrawal fee from 10% to 30%. Previously, the Office of the Joint Prevention and Control of Illegal Financial Activities in Xinyi City, Guangdong Province, the Office of the Leading Group for the Prevention and Suppression of Illegal Financial Activities in Yulin City, Guangxi Zhuang Autonomous Region, and the Financial Affairs Center of Shigu District, Hengyang City, Hunan Province, have issued risk alerts. The Hong Kong Stock Exchange also disclosed that YuZhi Financial and its related entities HSEX and HKEX have been repeatedly listed as suspicious websites and have no association with the Hong Kong Stock Exchange. Industry insiders point out that such projects lack actual operational support, rely on promises of high returns and multi-level referral rebates as core features, and advise investors to beware of the high-yield temptation in the virtual asset field and to prevent illegal financial risks.