Biyin Wallet: The cash withdrawal service has been suspended, and it is currently facing liquidity problems, but there is no such phenomenon as redemption or 3AC involvement in losses

In response to the liquidity problem, Billin Wallet said that due to the recent cash-out run, the platform has temporarily experienced extremely difficult liquidity, and is doing its best to issue a liquidity relief plan. As it involves a large amount of statistical analysis of data, evaluation of technical details, and development work, the detailed plan will be announced within a week. Explanation on funds: 1. The funds (currency standard) are safe and the assets are sufficient. There is no such phenomenon as being unable to redeem or intervening in 3AC and causing losses. What is currently facing is only the problem of liquidity. 2. In order to relieve liquidity, the platform will temporarily suspend cash withdrawal services from 22:00 on September 5, 2022 (GMT+8); some online services may not be available normally.