Money game! CRYPTO FX used cryptocurrency as a lure to deceive 66,000 naira.

Recently, a new fraud broker named CRYPTO FX running BTC and forex businesses was reported by a victim. The victim saw the investment platform on Facebook. A person called Sarah Douglas told the victim that he could buy BTC through localbitcoin.com, and start with a minimum investment of 20 dollars which will bring 400 dollars of bonus after 24 hours. The victim added Sarah Douglas on WhatsApp , and made the investment as Sarah said. The victim received an email that confirmed his payment was transferred successfully. Meanwhile, the victim received another email telling him that his account received 640 dollars of bonus, but he needed to pay 107 dollars of registration fee for activating his account.

However, after paying registration fee, the victim got a new email from CRYPTO FX, the email mentioned that to completed transaction the victim should pay a 315 dollar C.O.T (cost of transfer). At this time, the victim was not paying because he had sensed that it was supposed to be a scam, later the victim found that Sarah Douglas's FB account had been disabled, while CRYPTO FX had closed due to COVID-19.

Eventually, the victim lost 66,000 Naira and could not withdraw, and he could only communicate with Sarah Douglas through the unofficial channel of WhatsApp.

Although BTC business is illegal in Africa, the high profitability and convenient and simple trading process of this crypto currency has made it quite common in Nigeria. Once those fraudsters get the money, they will not contact you anymore.

Through investigation, WikiFX found the following policies over Bitcoin trading are implemented in several major countries around the world.

As per investigation, CRYPTO FX is an illegal broker without valid regulatory status, rated at only 1.23 on WikiFX App. The broker is currently active on large social network such as Telegram and Facebook, please stay away!

Declaration:

The evidences in WikiFXs exposure articles are verified via the following processes:

1: Evidence Collection: (Chatting history records, Trading history records, Banking Transaction records and video recordings from victim).

2: These evidences will be evaluated and verified by experts who have been work in forex industry for many years.

3: The editor will review it again before the article is published.

WikiFX App is a third-party inquiry platform for company profiles.WikiFX has collected 17001 forex brokers and 30 regulators and recovered over 300,000,000.00 USD of the victims.

It, possessed by Wiki Co., LIMITED that was established in Hong Kong Special Administrative Region of China, mainly provides basic information inquiry, regulatory license inquiry, credit evaluation for the listed brokers, platform identification and other services. At the same time, Wiki has set up affiliated branches or offices in Hong Kong, Australia, Indonesia, Vietnam, Thailand and Cyprus and has promoted WikiFX to global users in more than 14 different languages, offering them an opportunity to fully appreciate and enjoy the convenience Chinese Internet technology brings. WikiFXs social media account as below:

Facebook:

Singapore Area：https://www.facebook.com/wikifxsingapore/

USA Area：https://www.facebook.com/WikiFX.US

Nigeria Area：https://www.facebook.com/WikiFX.ng

LinkedIn:

Nigeria Area：https://www.linkedin.com/company/31506916

Twitter：

Nigeria Area：https://twitter.com/WikiFX_NG

More details about how to download WikiFX App:

Please download WikiFX APP from links below or scan QR code ：

Google Play:https://play.google.com/store/apps/details？id=com.foreigncurrency.internationalfxeye

App Store: https://apps.apple.com/us/app/fxeye/id1402501387？l=zh&ls=1

Wiki Forum Forum Function:

In order to help more investors, WikiFX has launched the “WikiFX Forum” forum, which aims to provide urgently needed and professional services to Nigerian forex investors.

The exposure function of “WikiFX Forum” includes the following features:

1: Allow investors who have been defrauded by illegal broker to complain directly in the forum (as shown in the screenshots)

As long as there is sufficient evidence, a review panel and an executive team will contact the broker to discuss the complaint or expose it directly through the media. Here are the exposure channels:

2: Block low score brokers from entering the forum

3: Monitor suspicious communication in real time, and directly spot and deal with suspicious fraud;

4: Negotiate with highly reliable brokers selected by WikiFX in the secure environment of WikiFX Forum.

WikiFX APP exposure channel: https://activities.wikifx.com/gather/indexng.html

Information page to understand forex scam and exposure channel: https://activities.wikifx.com/gather/indexng.html

Website exposure channel: https://exposure.wikifx.com/ng_en/revelation.html

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