It has been included in the list of people who have lost faith in online loans and has been investigated. The main person in charge has also been arrested by the police. The platform has stopped operating and began to face the redemption requirements of a large number of investors. However, due to the break of the capital chain, it is impossible to pay the principal and interest of investors, resulting in losses for investors.
In view of this situation, the government and regulatory authorities have taken a series of measures, including investigating and blaming the platform, protecting the legitimate rights and interests of investors, and strengthening the supervision and rectification of the P2P online lending platform.