Communist China gold trading platform Jieworui crashed, US$1 billion investors money wiped out!

[duluxe]

Operating within China's largest and most comprehensive gold and jewelry cluster, the platform not only handles precious metal recycling and sales but also offers non-physical gold wagering, with leverage of up to 40 times.

As users protested and clashed with police, the Shenzhen government announced it had set up a group to step in and ensure the company fulfills its obligations.

Many investors said that they are unable to withdraw money from the platform since January 20, while some claimed that the platform has limited daily withdrawals to 500 yuan and 1 gram of gold since January 26, according to the report.

As of January 27, the number of victims exceeded 150,000, mostly housewives and from the working class. Through waiving gold processing fees and offering attractive buyback prices, a large number of consumers have topped up their accounts or sent physical gold and silver to the platform.

Owner Zhang Zhiteng previously released a video to reassure investors, pledging to provide a satisfactory explanation.

The company also stated it has voluntarily invited government oversight of all assets, emphasizing that they remain untouched.

The specific disposal plan is under negotiation, which is expected to take 7 to 15 days to resolve, it added.

 

[syed putra]

All these paper gold are useless. Fakes . You can trade futures just by putting in a fraction of the actual cost giving punters a huge leverage Over actual market price.

 

[duluxe]

All these paper gold are useless. Fakes . You can trade futures just by putting in a fraction of the actual cost giving punters a huge leverage Over actual market price.

You still need huge funding for your retaking island jihad coup. Paper gold gives you high leverage, high return. Trade with a MAS regulated platform, your jihad dream coming sooner.

 

[syed putra]

C

You still need huge funding for your retaking island jihad coup. Paper gold gives you high leverage, high return. Trade with a MAS regulated platform, your jihad dream coming sooner.

Comex abd London metal exchange could be next to fall.
They cannot show physical metal upon request. They are sitting on a huge pile of worthless paper transaction.

 

[duluxe]

C
Comex abd London metal exchange could be next to fall.
They cannot show physical metal upon request. They are sitting on a huge pile of worthless paper transaction.

How about CME?

 

[syed putra]

How about CME?

The entire lot hopefully.

 

[duluxe]

The entire lot hopefully.

Boss Trump and Kevin Warsh won't let CME fall.

CME is not regulated by MAS. MAS regulated platforms will be safe. I don't touch any platform not regulated by MAS.

 

[cockie]

You still need huge funding for your retaking island jihad coup. Paper gold gives you high leverage, high return. Trade with a MAS regulated platform, your jihad dream coming sooner.

High returns high risk…
Best of buying the gold bars, at night cannot sleep can still take it out and “sayang” ha ha ha

 

[ftan42]

Less than 1% or 2% of these future metals are taken for delivery, typically to companies for manufacturing purposes that require them in the process, while the majority is used for investment or speculative activities.
For delivery, these short sellers might resort to purchasing from an exchange in an East Asian country to supply buyers, often taking advantage of the artificially low "paper" prices prevalent at that time. When these loops are in close recently, it triggered panic, causing the silver price to increase several fold.

 

[laksaboy]

Anyone who still throws money at China, especially those living outside the Great Firewall, deserves pain and suffering.

The good old days of exuberance about China in the early 2000s after it joining the WTO are not coming back.

 

[syed putra]

Anyone who still throws money at China, especially those living outside the Great Firewall, deserves pain and suffering.

The good old days of exuberance about China in the early 2000s after it joining the WTO are not coming back.

I am not so sure if what you said is likely to happen

China's economy grew by 5% in 2025, meeting the official target despite facing significant challenges, including a prolonged property downturn and weak domestic consumption. Growth was heavily driven by a record $US1.2 trillion trade surplus, with exports offsetting weak domestic demand and US tariff pressure.

 

[Sadako]

跟着共产党, 走進火葬場 !

 

[KingFook Sr]

All these paper gold are useless. Fakes . You can trade futures just by putting in a fraction of the actual cost giving punters a huge leverage Over actual market price.

Same as forex trading.
Gambling.
Avoid.

 

[k1976]

You still need huge funding for your retaking island jihad coup. Paper gold gives you high leverage, high return. Trade with a MAS regulated platform, your jihad dream coming sooner.

Cik Syed is busy with G-sport hunting with his ice cream van outside school gate…jihad is too yesterday for him liao

 

[k1976]

All these paper gold are useless. Fakes . You can trade futures just by putting in a fraction of the actual cost giving punters a huge leverage Over actual market price.

“unallocated” gold Lai de woh

 

[Pinkieslut]

Wonderful news! Another bunch of JLB yayapapya got wiped out.

 

[k1976]

Wonderful news! Another bunch of JLB yayapapya got wiped out.

Tiagong 220000 CME account affected…very wide spread de

All these who trade in CME precious metal future are not Ikan Billis de woh

Sit tight, Tomo should have more wayang ahead

 

[k1976]

Samster Favourite Bitcoin Plunges Below $80,000 as the Crypto Slide Deepens​

By Isabelle Lee and Olga Kharif
February 1, 2026 at 1:36 AM GMT+8
Updated on
February 1, 2026 at 5:20 AM GMT+8
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2:32

Takeaways by Bloomberg AI​

• Bitcoin fell sharply on Saturday, tumbling below $80,000 to the lowest levels since April 2025.
• The selloff knocked about $111 billion off the crypto market’s total value in the past 24 hours, with about $1.6 billion in short and long positions liquidated.
• Bitcoin’s price may also be impacted by the rising tensions between Israel and Iran, and its role in broader portfolios has raised fresh questions as it struggles to serve as a momentum play or a hedge against monetary debasement.

Bitcoin fell sharply on Saturday, tumbling below $80,000 to the lowest levels since April 2025 as part of a broader decline for digital assets.

The drop came amid thin liquidity and limited buying interest, deepening a drawdown that has erased more than 30% from the world’s largest cryptocurrency.

Bitcoin fell as much as 10% to $75,709.88 during New York afternoon trading hours, while other tokens posted steeper losses. Ether, the second-largest digital asset, shed as much as 17%, and Solana at one point dropped over 17%.

The selloff knocked about $111 billion off the crypto market’s total value in the past 24 hours, according to CoinGecko data. About $1.6 billion in short and long positions were liquidated in the same timeframe, according to market tracker Coinglass — much of which occurred in the last four hours, mainly around Bitcoin and Ethereum.


The retreat — recalling levels hit in the aftermath of the “Liberation Day” fallout - adds to weeks of macro disappointment for Bitcoin, which has failed to respond to a series of market developments that previously would have supported the asset. The dollar weakened for much of January as investors grow increasingly wary of policy risks posed by the Trump administration, but the move did little to lift sentiment in crypto markets.

 

[ftan42]

割韭菜

 

[k1976]

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割韭菜