What state-owned enterprise acquired Biying.com (is Biying.com reliable?)
What state-owned enterprise acquired Biying.com? According to official news, Bi
What state-owned enterprise acquired Biying.com? According to official news, Biying.com is wholly-owned by CITIC Securities Group, a Hong Kong-listed company.
According to public information, the company was established on August 1, 2014, with Wu Xiaobo, the former head of the Financial Services Department of WeBank in Qianhai, serving as President, CEO, and General Manager. In late 2017, it merged with Shenzhen Wanxiang Blockchain Technology Research Institute and Shenzhen Huanengda Electronic Technology Co., Ltd., and listed. The equity value of the institution has now reached 20 million yuan (approximately 40 million US dollars).
Is Biying.com reliable?
According to official news, Biying.com was officially launched in January 2019, creating a wave of excitement in the domestic market. However, according to information on the official website, the platform has security vulnerabilities and regulatory loopholes. The risks are borne by third-party institutions and have not been verified by a professional audit team, so it is considered a scam.
Currently, Biying.com has encountered several problems: ownership of Biying tokens, fund scams, delayed contract orders, etc.; hacker attacks resulting in user asset losses; incidents where exchange employees cannot withdraw funds due to account leakage; some investors have lost their assets due to not receiving relevant private keys; victims consulting through emails to confirm fake accounts; and many other questions regarding the recent launch of Biying.com.
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