Huge implications if this is true and WeChat has already locked down money transfers. How could you get it out? Bitcoin?
I just managed to move part of my money to friends. Try in smaller amounts. Sending a bunch of hongbaos works up to a point as well (then it requires SMS verification which I can't do right now)
Sending multiple small transactions to evade limits might get you flagged by your bank, or FinCEN, as a potential money launderer.
After fooling around with it, I was able to move or otherwise give away the balance in my account. I had to do in a combination of smaller hongbaos, transfers and business transfers. I triggered face verification with the first transfer I tried, but some how it reset after a while.