Introduction
FameEX is a global cryptocurrency exchange that is popular among users in Southeast Asia, the USA, Australia, and other regions. Recently, some users have discovered that there are fraudulent platforms using phishing URLs to impersonate the 'FameEX brand' to mislead consumers into investing. After in-depth research and verification from multiple users, these websites are all phishing sites, and the operation of the FameEX official platform is legal and secure.
Background Introduction
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, asking him to transfer more than $113,000 worth of Ethereum (ETH) and Tether (USDT) to the phishing website. When the investor requested to withdraw funds, the scammer asked him to pay 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 fraud case. The DFI stated that the fraudulent site has currently been taken down, and the scam method seems to be what is commonly referred to as the 'pig slaughtering (external link)' scheme, which is a phishing link scam method.
Image source: Public news from the Washington State Department of Financial Institutions (DFI) Securities Division regarding phishing cases (please do not visit the phishing website shown in the image)
From the details of the case publicized by the regulatory authority DFI, it can be seen that the investor clearly encountered a phishing scam, and the phishing URL is not the official address of the FameEX platform. The official website of the platform is: www.fameex.com, primarily providing users with cryptocurrency spot trading, derivatives, and unique copy trading products, aiming to provide convenient trading services for global financial investors.
Image source: Google search
FameEX Compliance Introduction
As a compliant global cryptocurrency exchange with derivative trading tools at its core, the FameEX brand was born in Singapore and has established branches in multiple countries such as Australia, the USA, and the UAE, successively obtaining financial licenses from Singapore, Australia, and the USA, while operating related businesses in 14 other countries and regions in compliance.
To better align with Singaporean policies, FameEX operates in Singapore in the form of 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 a virtual asset trading license in Australia. This form complies with the cryptocurrency regulatory policies of various jurisdictions while also meeting the practical needs of the FameEX platform's globalization process.
Therefore, from the perspective of legality and compliance, the FameEX platform has consistently adhered to compliant operations, making refined adjustments in product innovation, fund security, team building, etc., according to expected regulatory requirements, adhering to the core concept of 'simplifying professional trading and making wealth upgrades easier', providing global users with legal, compliant, secure, stable, simple, fast, and fair digital asset trading and derivatives trading services.
How to identify and prevent phishing scams
According to reports, several users have encountered investment losses induced by false URLs mentioned above. These users, without exception, encountered solicitations from enthusiastic investment seniors on major social media platforms, who sent scam links to the victims under the guise of teaching investment strategies. Ultimately, the investors lost all their principal after being defrauded, and even if they reported the case in time, it is very difficult to recover the lost funds. Therefore, what should investors do to protect their investment process from fraud or non-trading investment losses?
1. Do not accept any unsolicited approaches from unfamiliar 'mentors'.
The first step for scammers is to approach investors through various channels. We must be vigilant against solicitation requests from Twitter private messages, Telegram private messages, and unfamiliar emails, and not engage in investment interactions or discuss investment strategies with any strangers, as these behaviors are often the first step of scams.
Image source: Twitter private message (content is a scam solicitation)
The typical characteristic of this type of fraud case is that it raises the investment return rate of a certain type of investment through the name of well-known KOLs or well-known platforms, or by pretending to be them. It uses extremely tempting guiding words such as 'big golden dog', 'zero risk', 'high return', 'high prospects' 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 assistance from unfamiliar 'mentors'.
There is no free lunch in the world, and no investment expert will selflessly help users participate in a certain type of investment unless he aims at your principal. Therefore, if you accept a friend request from a stranger, please note that once his chat content involves 'helping you invest', 'I have made money', 'someone has become rich', 'taking you to make money', 'opportunity not to be missed', 'ending soon', and other extremely tempting phrases, or requires you to invest real money, you need to be highly vigilant. If he sends you a mysterious website and tells you it is the official website of a well-known brand, do not click! Do not believe! This is definitely a fraudulent act, and his ultimate goal is your principal.
3. How to identify the authenticity of the encountered URLs
During communication with others, do not directly click on any URLs encountered. 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 can help you avoid phishing websites and potential financial losses. For example, the image below shows common fraudulent URLs impersonating well-known brands, with the correct brand name on the left and the phishing URL on the right. Please be cautious in discerning!
Image source: National Kaohsiung Normal University, Taiwan (please do not visit the phishing website shown in the image)
4. What to do if accidentally encountering phishing scams?
It should be noted that although some consumers have encountered phishing scams impersonating the 'FameEX brand' online, all cases stem from user personal operational errors or unauthorized third-party actions, and FameEX itself has no direct fraudulent behavior. The relevant statements or announcements from the Washington State Department of Financial Institutions (DFI) Securities Division and National Kaohsiung Normal University can clarify the events and publicize the fraudulent URLs.
In addition, FameEX regularly undergoes relevant reviews by financial regulatory authorities, 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 extremely strict user authentication processes, multi-factor authentication, cold wallet storage, and advanced encryption technology to maximize the security of user funds.
Image source: Internet
If an investor accidentally encounters such fraud, please report it to the regulatory authorities immediately and request official tracking of the source of the fraud. If the investor has not yet transferred the 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 the risk of fraud.
Summary
After verification and feedback from multiple users, in transactions on the FameEX platform, fund transfers are quick, and customer service responds quickly and professionally. This legitimate and compliant exchange has encountered some inexplicable criticism after gaining recognition, but under the legitimate 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 authorities?
Answer: 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 in the form of a foundation, under the direct supervision of 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 a virtual asset trading license in Australia.
Q: Does the FameEX platform have a virtual asset trading license? Is it regulated by regulatory authorities?
Answer: The FameEX platform is regulated by the Australian Securities and Investments Commission (ASIC) and holds a legal virtual asset trading license in Australia. In addition, FameEX also holds financial licenses in countries such as the USA and Singapore, and operates related businesses in compliance in 14 countries and regions.
Q: How to prevent phishing websites from using the name 'FameEX' to commit fraud?
Answer: Please recognize the official unique website address of the FameEX platform: www.fameex.com. All investors can find the online customer service channel on the official website for free, freely, 24/7, and verify any official information in real-time with official customer service. Other websites are phishing websites, please do not visit! Additionally, please download the official APP from the official website or Google Play Store, and beware of clicking on unknown links or directly receiving unknown APP installation packages.
