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Yuzhi Financial was exposed to be disguised as a "Cryptocurrency Exchange" while carrying out a fund pool scam, prompting risk warnings in multiple regions.
BlockBeats News Update: On December 14th, the Economic Observer revealed that in China, Yuzhi Financial Co., Ltd. operated a fund pool scheme under the guise of "virtual currency trading." The "Yuzhi Financial Co., Ltd." and its affiliated platforms (such as HSEX) claimed that investors could follow Bitcoin contract operations, earn a fixed 1% profit daily (static income), and receive additional dynamic rewards for bringing in new members. The minimum investment started at 7400 RMB, with a claimed total ROI of up to 370.6% in 30 days and even doubling during the annual event period. In reality, there were no actual trades, and new investments were used to pay old investors. From November 27th to December 7th, 2025, the platform prohibited deceived users from withdrawing funds. Starting on December 8th, they cited "wash trading" as a reason to raise the withdrawal fee to 30% and required a 20% "self-certified margin" to withdraw, leading to a "soft exit scam" and a second round of exploiting investors.
The Office of the Joint Meeting Office for Preventing and Combating Illegal Financial Activities in Xinyi City, Guangdong Province, the Leading Group Office for Preventing and Combating Illegal Financial Activities in Yulin City, Guangxi Zhuang Autonomous Region, and the Financial Affairs Center of Shigu District, Hengyang City, Hunan Province, have all issued relevant risk alerts. The Hong Kong Stock Exchange (HKEX) official statement also disclosed that Yuzhi Financial, along with its associated platforms, HSEX and HKEX, have been repeatedly listed as suspicious websites and have no affiliation with the Hong Kong Stock Exchange.
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