Hackers steal 100 billion? 1.76 million victims are the same as the illegal platform of crime five years ago

category:Finance
 Hackers steal 100 billion? 1.76 million victims are the same as the illegal platform of crime five years ago


Hacker attacks lead to the disappearance of funds?

In February 2019, Ms. Chen was introduced to ptfx by her friend. Friends said that the platform is supervised by Indonesian regulatory authorities, and foreign exchange custody is the real finance. The company employs the worlds top traders to conduct transactions. Customers can make certain profits from custody transactions as long as they choose the best traders and invest, with a monthly income of about 4%, and risk control is very good..

This friend helped Ms. Chen to register and open an account, and began to invest the next month. Later, Ms. Chen heard that her friend also visited puton company in Indonesia in the later period. When her friend described the company as very tall, she was relieved to open up the investment road.

In order to earn a high proportion of Renren recommendation fees, Ms. Chen registered different accounts with her relatives personal information, continued to invest nearly 500000 yuan in the platform, and mobilized several friends to invest some funds respectively. At first, seeing that the operation of the platform was stable, some of Ms. Chens friends also invested together under the half push.

Unfortunately, the good times are not long. On the night of December 19, 2019, ptfx suddenly data is abnormal, all accounts are capital deficit, and members of the website are unable to log in at the background. The platform issued a notice the next day, saying that data was attacked by hackers, and began to play a drag formula, trying to get rid of the relationship.

Ms. Chen lost half a million yuan in the book, excluding the 50000 interest earned, and lost 450000 yuan overnight. She had to call the police for help.

Pulling peoples heads makes more money

Ptfx said in its official publicity that it does not need to know how to speculate on foreign exchange through its foreign exchange platform, but only needs four steps: registration of account number, supervision of cash inflow, professional custody and cash withdrawal. The platform provides investors with two ways of income, one of which is static income. Investors are only responsible for making money, and they can make 10% to 30% steady income without doing anything every month.

After a member enters the gold market, bind the trader, and everything will be fine. Every day, look at the rise of the account number, the fluctuation factors of the foreign exchange market, leverage ratio, etc. you dont need to know. In the initial investment, just making profits can quickly win the hearts of many financial white.

There seems to be a more important way to make money on this platform: pulling peoples heads. Some insiders said that the ptfx foreign exchange platform is ostensibly to make money by speculation of foreign exchange, but in fact, it is to make money through pyramid selling. The data of foreign exchange transaction on the panel is only a cover up, as an endorsement of drawing people into the gold. By controlling the investors income to ensure the stability of the disk fund, as long as there are new people entering the market and taking the money of the investors entering the market behind as the income to share with the investors in front, the platform can maintain long-term operation without large-scale run.

PTFX foreign exchange brokers (also known as salesmen) are divided into 5 levels. As long as the successful registration of the sponsor, the recommender can get the Commission on the late trading profits of the next home. Anyone can become a broker and develop their own team. Some even rent offices for clients.

API back in the world?

Several ptfx members contacted by time finance and Economics said that ptfxs situation was quite similar to the spectacular API foreign exchange investment scam in 2015, and suspected that the same group was behind ptfx and API.

In February 2015, according to CCTVs news studio program, hundreds of investors said that they made foreign exchange investment through API, a company claiming to be from Switzerland. In January 2015, API suddenly announced that due to the hacker attack, all investors lost 1.2 billion dollars in a flash.

API claims to have been attacked by hackers, but it is unable to provide evidence of hackers attacks, nor provide any profit statements of the company, let alone the companys senior management.

Many promotional materials obtained by investors mentioned that API is authorized and supervised by Swiss financial market supervision agency, which is one of the reasons why many people trust the company. However, according to the newsroom survey, on January 16, 2015, the Swiss Monetary Authority issued a statement that issued a public warning on the information provided by Alps asset management trust and API excellence Swiss trust. Neither company is licensed by the Swiss monetary authority. This is the opposite of what many domestic investors have been told. According to Vincent, a spokesman for the Swiss monetary authority, this means that API may be providing services illegally.

According to the information on the API website used by domestic investors, newsroom found the office address of API excellence Swiss trust in Geneva. But after knocking, there was no one.

Since then, Mr. K, the former director of the head of API excellence Swiss trust, has been contacted in the live news room, but Mr. K said that someone pretended to be API excellence Swiss trust, forged the signature, official seal, website, document and account of the companys representative of API, denied that API was involved in the fraud, and said that he would use API excellence Swiss trust, alpine asset management trust and Mr. K In his own name, he submitted a criminal complaint to the Prosecutor General of Geneva. The accused suspects were two Singaporean men, but the real identity and name of the other party could not be determined.

According to the criminal ruling of second instance of Zhou Mins crime of illegally absorbing public deposits published in December 2018, on January 6, 2015, after API suddenly claimed that its website had been hacked and the whereabouts of the funds were unknown, the person in charge of Greater China region of API company and the general agent of Guangdong Province should have been chased by Guangzhou Police online.

Recovery complexity

In recent years, similar to ptfx and API, the companys registered place has run away from foreign exchange trading platform many times, such as igofx, mixg, star foreign exchange, etc.

In response to this phenomenon, the China Internet Finance Association once issued a risk warning that domestic institutions engage in foreign exchange, precious metals, futures, index and other product transactions (including cross-border) through Internet sites, mobile communication terminals, application software and other network platforms without the approval of Chinas financial regulatory authorities, and overseas institutions without the approval of Chinas financial regulatory authorities It is illegal for mobile communication terminals, application software and other network platforms to provide domestic customers with foreign exchange, precious metals, futures, index and other product transactions.

China Internet Finance Association also said that at present, the network platforms (including cross-border) engaged in leveraged transactions such as foreign exchange and precious metals have no legal basis in China, and the financial regulatory authorities have never approved them. The network platforms for the above-mentioned transactions are illegal, and the rights and interests of both parties involved in such platform transactions are not protected by law. Therefore, the investment activities of such platforms face great risks.

In addition, a person who has participated in such legal proceedings said that such cases, even if reported and litigated through legal channels, will cost a lot of energy and money. Deng Zhiyi, former director of the Consumer Protection Bureau of the CBRC, also said that such cases often involve multiple countries, because they involve legal jurisdiction and other issues. Once the case is committed by a company located abroad, the cost (for investors) will be very high, the procedures will be very troublesome, and the investigation and handling, fund freezing and other aspects will be more complex than other cases.

According to China judicial document network, some victims of such cases recover losses due to the arrest of regional agents of the platform. According to the criminal ruling of second instance on Zhou Mins crime of illegally absorbing public deposits published in December 2018, Zhou Min, Hou, Zhang and Ji obtained APIs agency right in Tianshan District of Urumqi in the name of Zhou min. On January 6, 2015, after API suddenly claimed that its website was hacked and the whereabouts of the funds were unknown, the public security machine arrested Zhou Min on July 15, 2015. The court held that Zhou Min, in violation of the national financial management laws and regulations and without the approval of the relevant departments, could gain high returns by promoting investment and exchange speculation to the Swiss API company to the public, so as to attract public investment and absorb public deposits in disguised form. The amount reached about RMB 98.07 million, which was a huge amount and seriously disturbed the national financial order. His behavior has constituted illegal absorption For the crime of collecting public deposits, a fixed-term imprisonment of six years shall be imposed and a fine of 100000 yuan shall be imposed; the illegal income of Zhou Min, the defendant, shall be recovered and returned to the victims. (George, time finance, Beijing) source: time finance editor: Zhong Qiming, nf5619

According to China judicial document network, some victims of such cases recover losses due to the arrest of regional agents of the platform. According to the criminal ruling of second instance on Zhou Mins crime of illegally absorbing public deposits published in December 2018, Zhou Min, Hou, Zhang and Ji obtained APIs agency right in Tianshan District of Urumqi in the name of Zhou min. On January 6, 2015, after API suddenly claimed that its website was hacked and the whereabouts of the funds were unknown, the public security machine arrested Zhou Min on July 15, 2015.