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FXTradingmarkets closed, FTX token fell to almost zero, founder Iker Phuong despatched an apology letter

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After a interval of being warned by police authorities, the multi-level foreign exchange trading platform FXTradingmarkets has formally stopped working, the web site is inaccessible. The police investigation suspected indicators of cicadas molting and transferring to a brand new tackle.

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Recently, FXTradingmarkets (full FX Trading Markets Limited), as soon as accused of fraud by Lion Group, has formally collapsed, its trading web site has been inaccessible.

At the identical time, the Lion Group all of a sudden despatched a “parting letter” to buyers to announce the closure of its FXTradingmarkets trading platform and promise to return within the close to future, based on the Labor newspaper.

According to the letter of Mr. Iker Phuong (actual identify is Ho Ngoc Phuong), founding father of Lion Group and one of many leaders of FXTradingmarkets, despatched a message to buyers:

“Through this, we would like to inform all the warriors of the Lion roof that from June 26 to June, the Lion team will temporarily separate to enter the process of fire testing and will forging. FXTradingmarkets will officially suspend operations and the Expert Panel will also suspend trading.”

However, the content material of Mr. Iker’s letter nonetheless affirms that the course is true and guarantees sooner or later: “The roadmap we’re on may be very proper in the correct course and our collective is having many resounding achievements. bouncing…

Iker believes and is aware of that our FXT coin is sort of a fiery phoenix that has gone by means of a lot ache and hazard, about to be reborn on the golden flame, shining like the long run prosperity of the group. we”.

FXT coin is likely one of the digital currencies that many artists and celebrities equivalent to mannequin Ngoc Trinh, actor Kieu Minh Tuan, actor Nam Thu, actor Le Duong Bao Lam … have concurrently posted. write “key” row.

Following this transfer, the value of FXT Token plummeted. Recorded on CoinMarketCap, at 6 a.m. on June 28, the value of this digital foreign money dropped to $0.005252/dong. Currently, the web site of the above alternate can be inaccessible.

Previously, not solely the press, the police additionally warned folks, launched strategies and methods of FXTradingmarkets and Lion Teams.

According to the Ho Chi Minh City police company, FXTradingmarkets makes use of the area identify FXTradingmarkets.com to register and arrange a server within the US. To trade, individuals should register to open an account on FXTradingmarkets and should have the ID of the superior referrer.

In order to draw individuals, FXTradingmarkets makes use of a multi-level enterprise methodology, whereby the ground’s system has 5 ranges and the superior will probably be rewarded with commissions based mostly on the variety of transactions/deposits of the subordinates.

FXTradingmarkets ground organizes for individuals to trade within the type of binary choices (Binary possibility) with 8 ranges of foreign currency. Within 30 seconds, individuals will place an order to foretell the alternate price of the foreign money pair up or down, in the event that they guess accurately, they are going to get a further 95% of the deposit worth, in the event that they lose, they are going to lose their wager.

The quantity of bets for every trade order by means of a digital pockets (FXT token) created by FXTradingmarkets ground directors.

The Lion Teams group was created for the aim of selling and alluring individuals at FXTradingmarkets in lots of varieties equivalent to organizing seminars in lots of provinces and cities, livestreaming trading directions on social networking functions.

According to the promotion of this goal group, buyers who deposit cash on the ground will probably be copied underneath the orders of a panel of consultants claiming to have a few years of expertise. The transactions on the copy account will probably be copied like the unique account, buyers don’t must spend time accumulating information and expertise and nonetheless get each day income.

When investing right here, buyers should deposit a minimal of 1,000 USD and are dedicated to a revenue of 0.8 – 1% / day, 20 – 24% / month.

Ho Chi Minh City police warn that presently, FXTradingmarkets ground directors have indicators of making a brand new foreign exchange trading platform on the web site sp500stock.com, registered anonymously from the tip of 2020 with the identical interface and features. FXTradingmarkets ground.

Anonymous registration goals to hide actions and evade detection by authorities. Objects may also crash the system, decrease the value of FXT Token digital foreign money to applicable buyers’ property.

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