A user accused KOL Michael of Flipped's related party KOL Michael of suspected of occupancy of 1.0166 BTC, but failed to protect his rights

According to ChainCatcher, according to X platform user Uncle Tim, publicly reported that since 2021, he has purchased mining machines through KOL Michael's live broadcast and has continued to add additional funds, with a cumulative investment of more than US$140,000. In June 2025, after paying more than $36,000 in electricity bill, the user applied to withdraw 1.0166 BTC, but never succeeded. In response, Michael initially promised to "gradually return" on the grounds of "losing private keys"; then proposed a solution of "discount withdrawal", but none of the above promises were fulfilled. Since then, the user's Flipped account has been frozen and the person has been moved out of the relevant community group. According to rights protection users, on August 27, during the Hong Kong Bitcoin Conference, Michael once again verbally promised to handle the matter, and there has been no progress so far. We have called the police and sent a lawyer's letter, and we will continue to protect our legitimate rights and interests through legal means in the future.