China’s two biggest bitcoin exchanges helped themselves to $150 million in idle client funds

Another story from today's "Wild West" of financial markets:

China’s two biggest bitcoin exchanges, Huobi and OKCoin, collectively invested around 1 billion yuan ($150 million) of idle client funds into “wealth management products“—which are often high-yielding and risky—for their own gain, state newswire Xinhua reported

 

 

Full article here:

China’s two biggest bitcoin exchanges helped themselves to $150 million in idle client funds