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Hong Kong media: Futu Hong Kong users’ withdrawals are blocked and they are temporarily unable to withdraw funds

The internet brokerage firm Futu has disclosed that its Hong Kong users are currently unable to withdraw funds. Some users have reported that withdrawal instructions have been pending for over 6 hours, with the progress still showing as "processing" and leaving messages stating "big problems". Futu staff have also suggested that users do not withdraw funds temporarily, and that if they choose to withdraw after 7 days, they will receive 1 share of Alibaba stock as a gift.

It is reported that Futu has responded by stating that the withdrawal instructions are being processed according to standard procedures, and that "suggesting to withdraw after 7 days" is one of its different market plans for customer relationship maintenance, which is a normal business operation. Previously, Futu's subsidiary, Panthertrade (Hong Kong) Limited, submitted a virtual asset trading platform license application to the Hong Kong Securities and Futures Commission last Wednesday (15th).

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