Dear XT.COM Users,
Recently, XT.COM's risk control team conducted an in-depth investigation and found multiple instances of abnormal price fluctuations in the RISO project since its listing. The price surge even reached up to 200,000 times, severely disrupting the normal market. Upon discovering this abnormal behavior, XT.COM promptly contacted the RISO project team for multiple discussions. However, the project team has not provided a proactive and positive response to the incident. Subsequently, XT.COM temporarily suspended the deposit and withdrawal functions of RISO, continuing communication with the project team to safeguard the rights and interests of our users. As of the date of this announcement, the RISO project team has yet to provide any detailed information about the project, its background, and has not presented a reasonable solution.
During the in-depth investigation of the RISO project, we realized that there are potential risks associated with the project that could have negative implications for users. XT.COM always prioritizes user interests and will take all necessary measures to protect user rights. We hereby declare the potential risks related to the RISO project:
- Price Volatility Risk:
The project experienced extreme price surges in its early listing, followed by substantial sell-offs. Such extreme volatility may lead to significant losses for users in a short period.
- Lack of Transparency:
Our research indicates that the RISO project team refuses to provide detailed information about the project, including its background, compliance certification for the official website, and the real identities of team members. This lack of transparency makes it challenging for investors to fully understand the true status of the project, increasing investment risks.
- Unclear Team Background:
Due to the absence of detailed team information provided by the project team, including the backgrounds and experiences of core members, investors find it challenging to assess the team's professional competence and capability, adding uncertainty to the investment.
- Compliance Issues:
Without the relevant compliance documents provided by the project team, the project may face legal risks, and investors' rights may be subject to unknown legal impacts.
Here are the further actions we will take:
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User Rights First:
We pledge to always prioritize user interests and safeguard user asset security and investment benefits. Any situation that may harm user rights will receive our utmost attention and resolution.
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Continued Communication with the RISO Project Team:
Despite the project team's current refusal to provide project information, we will continue active communication to encourage them to provide relevant information for a more comprehensive understanding of the project's true status and seek solutions.
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Public Transparency:
We will maintain public transparency with users, promptly releasing announcements regarding the investigation progress of the RISO project, communication with the project team, and subsequent action plans.
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Enhanced Audit Mechanism:
We will further strengthen our project audit mechanism to ensure the compliance and transparency of newly listed projects, reducing the possibility of users facing unknown risks.
We deeply apologize for any inconvenience and concerns this may have caused users. We will continue to monitor the progress of this matter and promptly provide updates to users. All information is subject to official announcements from the platform! If you have any questions, please contact our online customer service.
Thank you for your support!
XT.COM Team
February 02, 2024
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XT.COM reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website.