“The platform, identified in various sources as Jie Wo Rui (also referred to as Jiewo Rui or JWR), based in Shenzhen, has halted withdrawals, leaving users unable to access their funds or retrieve physical gold holdings. Social media alerts circulating widely describe the frozen amount as high as $19 billion, with the platform offering only 20% compensation based on initial capital invested. The owner has reportedly requested more time to resolve the issue, claiming to have been "set up" or "trapped" in the situation.”
“Protests erupted outside the company's offices in Shenzhen, with videos showing crowds clashing with police. Investors have accused authorities of protecting the platform, alleging that Shenzhen police in the Luohu district are refusing to accept formal complaints, even though deposits came from across China.”
