Revealing the inside story of WEEX Exchange: There are many shady dealings, and users avoid it

Eating customers’ losses and gambling

First of all, WEEX Exchange was exposed to have serious behavior of eating customers’ losses. The so-called eating customers’ losses refers to the exchange manipulating market prices to make users lose money in transactions, while the exchange makes profits from it. This behavior not only violates the principle of market fairness, but also is a naked infringement on user funds. In addition, WEEX Exchange is also suspected of gambling, that is, the exchange and users bet against each other instead of conducting real transactions in the market. This means that every loss of users is a profit for the exchange.

Tampering with user orders

Even worse, WEEX Exchange was also exposed to tampering with user orders. Many users reported that they found that the orders were modified without authorization during the transaction, resulting in serious discrepancies between the transaction results and expectations. Such behavior greatly damaged the interests of users and completely destroyed the trust of users in the platform.

Fund freezing and inability to withdraw cash

Many users found that their funds were frozen for no reason and could not be withdrawn after trading on WEEX Exchange. This phenomenon is common in the industry. Users’ hard-earned money cannot be withdrawn in the end, which is undoubtedly a serious blow to investors. The act of freezing user funds makes people wonder whether there is a bigger capital chain problem behind it.

OTC business suspected of money laundering

The OTC business (over-the-counter trading) of WEEX Exchange has also attracted widespread attention. It is reported that the OTC business of the exchange is suspected of serving as a tool for money laundering, laundering illegal funds for criminals through false transactions.