Post
Topic
Board Exchanges
Re: 4% APY on Bitcoin
by
DarkStar_
on 26/09/2020, 05:09:54 UTC
Huobi, the same exchange which uses clients funds to invest in high risk products for their own profit, passing all of the risk and none of the profit on to their customers? Huobi, the same exchange which were found to be running a fractional reserve system? Huobi, the same exchange which did all this without telling their users and then lied about it?

Huobi, the same exchange that for 7 years by now has been faking numbers and volume,  Huobi the same exchange caught lying about the number of coins it holds in cold storage, the same exchange that was caught lying about their so-called customer protection fund that was basically empty.

Any site caught with a plan like this would be instantly labelled as a Ponzi in the scam board.



And as always, what happens in the scenario of all the people in the world deposit their coins on Huobi, all the 18.5 mil coins, how are they going to pay the interest?

I'm not saying they're legit, but the screenshot does show a cap of 1.8 million USDT and 120 BTC. That number is fairly reasonable especially since the plan is only for a week. It's also for new users only, which seems like a decent promotional incentive to get users to deposit and hopefully trade after.