I've seen some posts on OKEx about big investors seeking redress these past few days. Let me tell you a story about me and my friends. In 2018, a few friends and I found a UK-licensed forex platform called ValuTrades. It was a platform that had only been established for 2-3 years and had a very small amount of capital. Before we deposited our funds, the company's total client funds were only about £800,000, which was very small. Then, in February 2018, I turned $3,000 into $200,000, and one of my friends turned $100,000 into $1.5 million. He opened hundreds of lots of forex and gold positions directly, with each position being worth tens of millions of dollars. Forex platforms have high leverage, so you can open very large positions, unlike the crypto where you can have 125x leverage but there are limits on the maximum position size. The mechanism of forex platforms is to aggregate all funds and positions through hedging. Individual trading accounts have margin, and the platform company also has margin. Then, the foreign CEO created a WeChat account and added my friend to a WeChat group, limiting how many lots he could open and how many positions he could hold. This was because the platform was afraid that extreme market conditions would cause the company to go bankrupt due to margin calls, which would mean the loss of all the company's clients' funds. (You can look up the 2015 Swiss franc black swan event; many forex platforms went bankrupt.) This treatment was truly unprecedented. Of course, my friend later lost everything and still owes me money.

This stall is still open for business, and it probably has over 1000 customers. That's quite interesting.