Fake international stock, crypto, Forex exchanges springing up like mushrooms. Scammers use "huge" interest rates (30-50%/month) and fancy images to lure investors.
Create professional looking trading website/app, numbers jumping but actually editable software.
Run ads, livestream showing profits, organize grand seminars, hire celebs for PR.
Lure players to deposit, initially let them win and withdraw quickly so victims invite relatives.
When deposit is large enough, exchange starts reporting errors, asking for more deposit to verify, upgrade VIP.
Website stops working, admin team disappears, investors lose everything.
"Scam" Project Lifecycle
Zalo Group, Telegram, Web
High interest, capital insurance promise
Get rich quick seekers
Lost all investment capital
Typical identifying signs
Interest rate 20-30%/month or x2, x3 account in short time is impossible.
Financial investment always has risks. Promise "win get money, lose refund" is definitely a scam.
No operating license in Vietnam or reputable world financial organizations.
International exchange but requesting transfer to personal bank account in Vietnam.
Targeting greed and lack of financial knowledge.
Virtual Profit
Model
End
Often lured by self-proclaimed "Experts", "Reading Teachers" with luxury cars, penthouses images.
WARNINGDecoding the trick of taking money from later investors to pay earlier ones.
GUIDEGuide to looking up exchange reputation on world financial organizations (ASIC, FCA).
TECHPrice manipulation techniques of Forex exchanges to burn investor accounts.