Platform History and Identity Background
Zhongbi.com, also known as ZB.com, was formerly China Bitcoin (CHBTC.com), established in early 2013. As one of China's earliest cryptocurrency exchanges, it once held a significant market share. In September 2017, in response to changes in Chinese regulatory policies, CHBTC ceased its trading operations within China and rebranded as ZB.com, shifting its focus to international markets.
Review of Key Controversial Incidents
Since 2022, ZB.com has been embroiled in a series of operational turbulences, severely damaging its reputation.
- 2022 Withdrawal Suspension and Suspected Theft Incident: On August 2, 2022, ZB.com suddenly announced the suspension of all deposit and withdrawal services due to "technical issues." The next day, blockchain security firm PeckShield monitored that cryptocurrencies worth approximately $4.8 million to $7.8 million were transferred from ZB.com's hot wallet and sold on decentralized exchanges, raising suspicions that the platform might have been hacked. The official platform did not publicly confirm the theft.
- Long-term "Maintenance" and "Soft Exit Scam" Allegations: After the withdrawal suspension, the platform entered a "maintenance" period lasting over a year, social media updates ceased, and a large number of user assets were frozen, leading to widespread accusations of a "soft exit scam."
- Current Status After "Recovery" in 2023: In December 2023, ZB.com announced that trading services had resumed. However, according to multiple media reports and user feedback, after the recovery, the platform still experienced issues such as difficulty with withdrawals, disappearance of contract assets, extremely poor liquidity for trading pairs, and prices severely detached from mainstream markets. Some reports indicated that certain affected users had traveled to the founder's location to assert their rights.
Current Operational Status and Data
According to information from mainstream data platforms, ZB.com's current operational status is unclear:
- Data websites like CoinMarketCap have listed it in the "untracked list," meaning its trading volume data is no longer actively collected or verified.
- While the platform's own ZB token (ZB) shows a price and market capitalization, these data have limited reference value due to the depletion of trading liquidity and cannot reflect the true ability to liquidate assets.
Multi-Party Views and Risk Assessment
Based on all available information, the assessment of ZB.com's reliability is generally negative:
- Security Agencies and Media: Maintain a cautious attitude towards the abnormal fund transfer incident in 2022, with subsequent reports often describing it as a platform with serious operational problems.
- User Feedback: The mainstream sentiment focuses on negative experiences such as inability to withdraw funds and unresponsive customer service. Although a few users claim successful withdrawals, this does not change the fact of its overall damaged reputation.
- Platform Official Statements: Previously claimed to have advanced security measures, but explanations for key crisis events (such as the suspected theft) were vague, and there was a significant discrepancy between announcements and actual user experience.
In summary, ZB.com, as a historically established trading platform, has had its current reliability and legitimacy severely questioned due to continuous major operational incidents and user asset issues. For investors seeking asset security and liquidity, the platform poses extremely high risks.
