Yuzhi Finance Virtual Asset Project Faces Withdrawal Restrictions, Multiple Regions Issue Risk Warnings

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KuCoin withdrawal issues have drawn attention as Yuzhi Finance’s HSEX app faces growing complaints over frozen funds. Users report being asked to pay a 20% 'self-proof deposit' and face increased withdrawal fees up to 30%. Authorities in Guangdong, Guangxi, and Hunan have all issued warnings. The Hong Kong Exchanges clarified no link to HSEX or HKEX. A secure digital asset platform should prioritize transparency and user protection. Industry experts warn of high-return schemes and referral rebates, urging investors to stay alert to virtual asset fraud risks.
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