Is this broker going bankrupt?

I heard news that Mexgroup has stopped ALL withdrawal requests from their clients in China since October 2021, without giving ANY reasons/justifications. I was wondring, if there is anyone here, or someone you know, inside or outside of China, that has successfully received withdrawals from Mexgroup during the past two weeks?

The justification is very simple. According to your socialist goverment, china citizens should not even be trading fx with brokers from the outside world.

Do they have the right to freeze your withdrawal - yes.

Do you have a recourse - no, because you werent even suppose to be a client to begin with.