Introduction
FameEX is a global cryptocurrency exchange that is popular among users in Southeast Asia, the United States, Australia, and other regions. Recently, some users discovered that there are fraudulent platforms using phishing websites to impersonate the "FameEX brand" to mislead consumers into investing. After in-depth research and verification by multiple users, it has been confirmed that these websites are phishing sites, and the operation of the official FameEX platform is legal and secure.
Background
In June of this year, an investor encountered a scammer named "Jackson Qie," who actively sent phishing messages to him, and they subsequently communicated via WhatsApp. The scammer sent a phishing link (fraudulent link: https://fameexio.com, please do not visit!) to the investor, requesting him to transfer over $113,000 worth of Ethereum (ETH) and Tether (USDT) to the phishing website. When the investor requested to withdraw his funds, the scammer demanded a high withdrawal fee and ultimately defrauded him of all his virtual assets.
The Washington State Department of Financial Institutions (DFI) Securities Division has received a complaint from the investor regarding this scam case. DFI stated that the fraudulent site is currently inaccessible, and the scam method appears to be what is commonly referred to as a "pig butchering" scheme, which is a type of phishing scam.
Image Source: Washington State Department of Financial Institutions (DFI) Securities Division's Public Announcement on Phishing Cases (Please do not visit the phishing website shown in the image)
From the details of the case disclosed by the regulatory agency DFI, it is evident that the investor clearly encountered a phishing scam, and the phishing website is not the official address of the FameEX platform. The official website of the platform is: www.fameex.com, which primarily provides users with cryptocurrency spot trading, derivatives, and innovative copy trading products, aiming to offer convenient trading services for global financial investors.
Image Source: Google Search
FameEX Compliance Introduction
As a compliant global cryptocurrency exchange focused on derivative trading tools, the FameEX brand was established in Singapore and has set up branches in several countries, including Australia, the United States, and the United Arab Emirates. It has obtained financial licenses in Singapore, Australia, and the United States, and operates compliant businesses in 14 other countries and regions.
To better align with Singapore's policies, FameEX operates in Singapore as a foundation and is directly regulated by the Monetary Authority of Singapore (MAS). In Australia, FameEX is legally registered as an international financial company and is regulated by the Australian Securities and Investments Commission (ASIC), holding an Australian virtual asset trading license. This structure complies with the cryptocurrency regulatory policies of various jurisdictions while also meeting the practical needs of FameEX's globalization process.
Therefore, from a legal and compliant perspective, the FameEX platform consistently adheres to compliant operations, making refined adjustments in product innovation, fund security, and team building according to expected regulatory requirements, upholding the core philosophy of "making professional trading simple and wealth upgrading easier," and providing global users with legal, compliant, safe, stable, simple, fast, and fair digital asset trading and derivative trading services.
How to Identify and Prevent Phishing Scams
According to reports, there have been several cases of users who encountered phishing scams through the false website mentioned above and lost their investment funds. These users, unsurprisingly, received private messages from enthusiastic investment seniors on various social media platforms, who sent them scam links under the guise of teaching investment strategies. Ultimately, the investors were defrauded and lost all their principal, and even if they reported the case in time, it is often difficult to recover the lost funds. So, what can investors do to protect their investment process from fraud or non-trading investment losses?
1. Do not accept any unsolicited approaches from "mentors"
The first step for scammers is to approach investors through various channels. We must be vigilant against unsolicited requests from Twitter DMs, Telegram DMs, and unfamiliar emails. Do not engage in investment interactions or discuss investment strategies with any strangers, as these behaviors are often the first step in a scam.
Image Source: Twitter DM (Content is a scam approach)
A typical characteristic of such scam cases is that they use the names of well-known KOLs or platforms, or impersonate them, to inflate the investment returns of certain investment products, using extremely enticing phrases like "big golden dog," "zero risk," "high return," "high potential," etc., to attract the attention of victims. Therefore, when we receive such unfamiliar private messages, please be sure to block or delete such information.
2. Do not accept any investment help from unfamiliar "mentors"
There is no free lunch in the world; no investment expert will selflessly help users participate in any investment unless they are targeting your principal. Therefore, if you accept a friend request from a stranger, please be cautious. Once their chat content involves "helping you invest," "I have made money," "someone has become rich," "I will help you make money," "opportunity not to be missed," "ending soon," or any other highly tempting phrases, or requires you to invest real money, you need to be highly alert. If they send you an unknown website and tell you it is the official website of a well-known brand, do not click! Do not believe! This is definitely a scam, and their ultimate goal is your principal.
3. How to verify the authenticity of the websites encountered
During communication, do not click directly on any websites you encounter. Well-known platforms like "Binance," "OKX," "Coinbase," and "FameEX" can be searched on Google to find their official websites. Please access the correct website after searching on Google, which allows you to visit the correct URL without worrying about clicking on phishing sites and suffering financial losses. For example, the image below shows common fraudulent websites impersonating well-known brands, with the correct brand name on the left and the phishing website on the right. Please be cautious in distinguishing!
Image Source: National Kaohsiung Normal University, Taiwan (Please do not visit the phishing website shown in the image)
4. What to do if you accidentally encounter a phishing scam?
It should be noted that although some consumers online have encountered phishing scams impersonating the "FameEX brand," all cases stem from user operational errors or unauthorized third-party actions. FameEX itself has no direct fraudulent behavior. The relevant statements or details announced by the Washington State Department of Financial Institutions (DFI) Securities Division and National Kaohsiung Normal University can clarify the events and disclose the phishing websites.
Additionally, FameEX regularly undergoes relevant reviews by financial regulatory agencies, complying with the laws and regulations of various regions to ensure the platform's transparency and legality. To better protect user asset security, FameEX also has a very strict user authentication process, multi-factor authentication, cold wallet storage, and advanced encryption technology to maximize the security of user funds.
Image Source: Internet
If investors accidentally encounter such scams, please report to the regulatory authorities immediately and request official tracking of the scam source. If investors have not yet transferred their funds out, they can search for the official platform (official Twitter, official website, official Telegram group) to find official customer service for manual verification to eliminate scam risks.
Conclusion
After verification and feedback from multiple users, transactions on the FameEX platform are quick, and customer service is responsive and professional. This legal and compliant exchange has faced some inexplicable criticism after gaining recognition, but under the legal and compliant requirements of financial regulatory agencies in various regions, the FameEX cryptocurrency exchange has been operating transparently and legally.
Q: Is FameEX regulated by regulatory agencies?
A: Yes, FameEX is regulated by financial authorities in multiple countries and regions and undergoes regular compliance reviews. For example, the FameEX platform operates in Singapore as a foundation and is directly regulated by the Monetary Authority of Singapore (MAS). In Australia, FameEX is legally registered as an international financial company and is regulated by the Australian Securities and Investments Commission (ASIC), holding an Australian virtual asset trading license.
Q: Does the FameEX platform have a virtual asset trading license? Is it regulated by regulatory agencies?
A: The FameEX platform is regulated by the Australian Securities and Investments Commission (ASIC) and holds a legal virtual asset trading license in Australia. Additionally, FameEX holds financial licenses in the United States, Singapore, and other countries, and operates compliant businesses in 14 countries and regions.
Q: How to prevent phishing websites from using the name "FameEX" to scam?
A: Please recognize the official and only website address of the FameEX platform: www.fameex.com. All investors can freely and freely find the online customer service channel on the official website 24/7 and verify any official information in real-time with official customer service. Other websites are phishing sites; please do not visit! Additionally, please download the official APP from the official website or Google Play Store, and be cautious of clicking on unknown links or directly receiving unknown APP installation packages.
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