Tokenize Xchange has collapsed! Over 270 former users have collectively sued founder Hong Qi Yu, claiming damages of up to 60.5 million USD. These users accuse Hong Qi Yu of fraudulent misappropriation of assets. Another exchange disaster? It seems the Crisis of Confidence in centralized platforms continues to ferment.

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AirdropHuntress

· 14h ago

A claim of 60.5 million, how much money has really been misappropriated behind this number can only be determined through research and analysis.

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hodl_therapist

· 18h ago

Another Be Played for Suckers drama, 60.5 million dollars, these users really dare to trust centralized platforms. --- Hong Qi Yu's operation is amazing, 270 people are chasing the debt together, can't escape this time. --- Is there anyone in the Centralized Exchange that hasn't exploded yet? Really speechless. --- 270 people suing for 60.5 million... how dark must this account be to misappropriate so much. --- Here we go again? I just want to know when the next one will be. --- Looks like we really need Decentralization, otherwise who would dare to put money in. --- Where is Hong Qi Yu, come out and take a few steps. --- Will they lose money this time or will they still do a Rug Pull as usual? Let's wait and see.

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IronHeadMiner

· 18h ago

Here we go again, who has done a Rug Pull this time? I've said it before, you can't trust centralized exchanges, yet there are still people pouring money into them?

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screenshot_gains

· 18h ago

Another one? 270 people are suing, this time it really got serious --- Hong Qi Yu's operation is truly outrageous... 60.5 million just disappeared --- Centralized Exchange still wants to survive, better restore trust first --- This is why I insist on self-custody, I no longer trust any platform --- 270 people suing together? How desperate must they be to take this step --- Misappropriating assets is robbery, there's nothing to argue about, they should go in --- Another massive explosion, why is this industry so chaotic? --- It feels like there's new drama every week, that's how centralized platforms are, money arrives and immediately exposes the flaws --- Over 60 million, how could this amount just disappear so easily? --- So it's better to avoid trading on non-major coin exchanges, the risk is too high.

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GreenCandleCollector

· 18h ago

60.5 million? This number sounds ridiculous, can it really be recovered? --- I remember this Hong Qi Yu... another Rug Pull? Centralized exchanges really need to be reformed. --- 270 people are suing together... this time it might really cause trouble. --- I just want to know how this 60.5 million was spent, how come so many people didn't notice it earlier? --- It seems we have to turn to DEX, there are too many issues with these centralized ones. --- Fraudulent misappropriation... is it really that straightforward? What is the legal department doing? --- Here we go again? How many exchanges have blown up this month... I can't remember. --- A collective lawsuit at least gives some hope, just afraid that by then people won't be traceable.

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