Wefinex virtual currency exchange was blocked for breaking the law, thousands of investors were in turmoil, hundreds of billions “evaporated”

Before “disappearing”, exchanges like Wefinex, BO used to publicize on social networks with very attractive invitations: “invest with little return, 100% capital insurance”, “don’t do business”. what still has money”, … that many people believed and did not know it was a trap of professional fraudsters hiding in the shadow of technology.

Activities of binary options trading floors (Binary Option BO) in cyberspace – Photo: Police

Recently, many Wefinex players panicked when they lost their connection, unable to access the website of binary options trading platforms (BO) of this ecosystem such as wefinex.net, deniex.com,… because Wefinex has been blocked for breaking the law (scam).

The Wefinex link has been blocked, which has caused hundreds of investors to struggle because large amounts of money may have… “evaporated”.

According to research, a binary option (Binary Options – BO) is a form of choosing to increase or decrease the price of an asset over a certain period of time, be it gold, oil, cryptocurrency. . At the end of the trading session, if the prediction is correct, the player will receive a profit according to the rate offered by the floor, otherwise will lose the entire amount.

In order to “catch” customers, the subjects in this line often build extremely professional personal images such as taking beautiful photos, posting many self-PR articles.

Specifically, often polishing their image on social networks, people who have high income through investment in Wefinex exchanges and other BO exchanges in the Wefinex ecosystem such as: Pocinex, Deniex, Remitex, AresBO , Bitono…

After that, the exchange will give you an account that can only be deposited without withdrawing and using that account to trade, as well as livestream for everyone to see.

Agency policy

Because it is a marketing account, Leaders often trade orders with large values ​​from a few hundred to thousands of dollars to make an image to seduce people. In fact, these are just virtual numbers, the marketing account runs out of money and is pumped again, so the psychology is comfortable to show off the order table.

These suspects often polish their image on social networks, are high earners through investment in Wefinex exchanges and other BO exchanges in the Wefinex ecosystem such as: Pocinex, Deniex, Remitex, AresBO, Bitono…

Finally, when they finished pulling customers, the subjects began to build the image of a professional Leader, specializing in building a strong system. The way to do it is to use the app to edit the daily commission, then tell those whose accounts are burned to switch to the system, to enjoy more commissions. Many gullible people have activated members to VIP, and then continued the path of enticing others to build the system, with the dream that sitting and eating commissions is enough, not needing to trade and avoid risks. The cycle goes on like that…

Through the above sharing, everyone has somewhat understood the roadmap that BO exchanges set up to attract participants. There are many investors because of greed for profit, spending many billions of dong, had to eat bitter fruit, when they lost all their assets without knowing who to call.

In addition, binary options exchanges use virtual currencies BTC, ETH, USDT to trade, so participants will not be protected by law in the event of a dispute.

But in fact, recently, the forex, gold, virtual currency exchanges, also known as “ghost financial” floors, are still popping up like mushrooms after the rain. This floor collapsed, another appeared, the victim’s fraudulent property amounted to hundreds of billions of dong, but so far there has been no effective solution to prevent it.

Although the names of the above-mentioned fraudulent models and projects are different, the tricks and tricks all have the same points, such as: Operating in the cyber environment, paying interest unusually high, operating in a multi-level manner, projects and models all have foreign elements, it is not clear who owns them… Therefore, it is only necessary for participants to be alert and learn carefully before giving up. investment, will avoid risk.

The Department of Cybersecurity and High-Tech Crime Prevention and Control of the Ministry of Public Security recommends that people be wary not to be lured or lured into investing in binary options trading platforms. defrauded and misappropriated property. Organizations and individuals do not advertise, broker, or assist subjects to commit illegal acts.