Huiwang is now facing a huge problem and may collapse. This matter has to start from the blow to Chen Zhi, in mid-October, the United States used technical means to take away Chen Zhi's 127,000 bitcoins, and is globally pursuing Chen Zhi. Huiwang was characterized as a payment channel that helped Chen Zhi launder money. In fact, as early as September last year, the Cambodian authorities revoked Huiwang's business license, and the liquidation was completed in June this year. Then the incident of Chen Zhi's bitcoins being stolen happened. It can be seen that both Cambodia and Huiwang have been under pressure from the United States, but Huiwang's business has continued. Now that Chen Zhi has been arrested, Huiwang's problems are even greater. At the beginning of this month, Huiwang began to experience difficulties in redemption.