Internet brokerage Futu was revealed that its Hong Kong users are currently unable to withdraw money. Some users reported that the withdrawal instruction was issued for more than 6 hours, and the processing progress still showed "processing" and left a message saying "big problem". Futu staff also said that Futu staff recommended not to do so for the time being. If you choose to withdraw money after 7 days, you will receive 1 share of Alibaba stock.
It is reported that Futu responded that the withdrawal instructions were in accordance with standard procedures, and that "it is recommended to withdraw money after 7 days" is one of its different types of market plans for customer relationship maintenance and is a normal business operation.
Futu’s official website shows that if a customer places a withdrawal instruction before 11 a.m. on a trading day, the money is expected to arrive before 6 p.m. on the same day, with a window period of up to 7 hours. If the order is issued after 11 a.m., it is expected to arrive before 6 p.m. on another trading day, and the waiting time can be as long as 31 hours. (Star Island)
According to previous news, Panthertrade (Hong Kong) Limited, a subsidiary of Futu, submitted an application for a virtual asset trading platform license to the Hong Kong Securities and Futures Commission last Wednesday (15th).