MyStonks founder Bruce J: The suspension of user withdrawals is to cooperate with law enforcement investigations, and he urges not to over-interpret.

Odaily News MyStonks founder Bruce J posted a response to the recent platform controversy, stating that last week the compliance team received a law enforcement request to provide information on a single client and suspend that user’s withdrawals. This action was not a decision made by the platform itself, and their brokerage account is also restricted. He emphasized that assisting regulatory investigations is a legal responsibility of the exchange, and targeted investigations do not imply issues with the source of client funds. He urged the outside world not to overinterpret and spread false rumors. Bruce J stated that MyStonks has completed compliance registration in the U.S., with over 20,000 registered users and a valuation exceeding $50 million. The platform will continue to adhere to compliance routes and focus on developing RWA business and customer service.