HFTX is a new sort of Ponzi investment flourishing in Asia for the last few years that usually takes the form of a mobile app, also available on desktop browsers.
It can be found at: hftx.cc
These Ponzi apps are platforms that claim to pay users for simple actions like clicking buttons, watching ads, or completing minor tasks. In reality, these apps use a Ponzi scheme model, where the earnings of older users are paid by new sign-ups, without any real value creation, until the scam collapses and withdrawals are closed.
The first thing you should check before investing online is whether the company is regulated by a top-tier regulator. Regulation helps protect investors and ensures a level of oversight and accountability.
If you are a victim of an online scam, fill the form below to get contacted by cyber security experts. Take action now and get help.
HFTX is not licensed by any top-tier regulator. Investing with companies not authorized by your local regulator is risky. In case of a dispute, you may not be able to seek assistance or legal recourse from your local authorities, leaving you with limited options.
Unfortunately, the website for HFTX is currently not accessible. This could mean temporary technical issues, relocation to a new domain name, or a complete exit.
The lack of transparency is also concerning as we were not able to find the phone number, email address, and physical address of HFTX.
The best way to protect your investments is to avoid dealing with unregulated companies. For your safety, we recommend engaging with firms that are licensed by top tier regulators such as the Financial Conduct Authority.
When dealing with an unregulated or offshore-regulated company, you should be aware of the associated risks.
It is important to recognize the major red flags of a fraudulent investment company such as:
If you are a victim of such practices, it is crucial to immediately stop depositing any more funds and report the situation to your local authorities.
Complete the form below to get a free consultation with cyber intelligence experts and trace your funds.
