Joke Collection Website - News headlines - Has the money on the uBex platform been confiscated by the state?

Has the money on the uBex platform been confiscated by the state?

Yes, there is an exchange called UBIEX, which attracted a large number of leeks with the slogan of “mine mainstream coins for free”.

According to the white paper released by the UBank Digital Wallet Exchange, the exchange is a decentralized trading platform. The token promoted by the "UBank" platform is UBank Coin, referred to as "UBNK Coin" , is a decentralized blockchain digital asset issued based on Ethereum. The total issuance is constant at 10 billion and is guaranteed to never be issued additionally.

The exchange announced that participants can become "experience miners" by investing only US$300 and receive virtual currency dividends through mining. They can become "official miners" by investing US$3,000. In addition to getting timed infrared points every day, "miners" can also get unlimited generation rewards if they join offline after development.