Numerous small-sized exchanges on the market are continuously issuing copycat coins in a bid to take to their heels after reaping profits. Costs paid by them for running away are tiny. As one of them, Zhidian was quite the rage for a time.
Regarded as a dark horse, the exchange claimed that the number of its registered users and daily active users (DAU) exceeded 500,000 and 20,000 respectively. However, according to WikiBit, Zhidian has been under no regulation.
A user has disclosed recently that the exchange has run away, the fact testified by unsuccessful transactions starting on April 15th and unavailable customer service.
Why are some traders still swindled by Zhidian in 2021 even if it has drawn less and less public attention since 2019？ The situation is caused by its two investors, Binance and Huobi, whereas they didnt carry out insertions into the exchange due to its incompetence in paying millions of listing fees.
The digital currency issued by Zhidian is valueless. It just aimed to deceive users into making deposits after obtaining the endorsement from Binance and Huobi via fake information of its listing.
All in all, please watch out for inferior exchanges! Be well-prepared for investment risk management via WikiBit, a regulation info search tool!
