WikiBit Exchange Exit Scam Risk Ranking #14 — Echobit: MSB Stickers + Czech VASP Registration, Can a “Compliance Puzzle” Really Guarantee Safety?

Introduction: A “Schrödinger‘s Compliance” Exchange　　In the first 13 editions, we investigated HashKey (the compliance top student), HTX (a sanctions hotspot), UZX (a DAO penny stock), Phemex (the Morgan Stanley elite), Tapbit (the MSB sticker king), Coincheck (Japan’s survivor exchange), Deepcoin (El Salvador‘s new regulatory outfit), Upbit (South Korea’s national exchange), Azbit (officially exposed by Seychelles FSA), FameEX (the multi-country registration collector), Bitvavo (Europe‘s compliance king), CoinUp (publicly criticized by Yi He), and BiFinance (officially condemned by Hong Kong’s Securities and Futures Commission).　　Along the way, we have seen all kinds of regulatory issues.　　For the 14th edition, we examine a new type of player — the “compliance puzzle” exchange: Echobit.　　On paper, Echobits resume looks impressive:“US + Canada MSB registrations”“Czech VASP registration”“Korea CODE alliance member”“Strategic partnership with Coinone”“200x leverage futures trading”“More than $300 million in daily trading volume”“$20 million venture capital fund”　　Sounds like a rising compliance-focused crypto exchange, right？　　But on the other side of the story:　　Echobit itself admits that there are widespread fake websites, fake apps, and fake Telegram groups impersonating the platform.　　A third-party security platform classified echobit.global as a “high-risk phishing/scam website” with a trust score of only 1/100.　　FXVerify users rated the platform only 1/5, with complaints including:　　“Funds were frozen after making