TL/DR: FINBLOX STOLE MILLIONS FROM USERS AND CONTINUE OPERATING LIKE NOTHING HAPPENED. SCAM AND FRAUD PLEASE AVOID THE PLATFORM DO NOT DEPOSIT YOUR MONEY AND DO NOT BUY THEIR FBX TOKEN. I LOST $87000 in USDC AND FINBLOX IS REFUSING TO GIVE THE MONEY BACK.
THEY ARE WORSE THAN FTX, CELCIUS AND OTHERS AND THEIR CEO PETER HOANG IS THE BIGGEST SCAMMER AND FRAUDSTER IN CRYPTO. HE NEEDS TO BE HELD ACCOUNTABLE AND RETURN THE MONEY THEY LOST
Finblox is a crypto lending platform like Celcius or Blockfi that also offer other services like crypto swap or launchpad. Last year were lending customers funds irresponsibly and lost millions dollars of users funds but unlike other platforms they did not go bankrupt and simply said 'LOL SORRY YOU LOST YOUR LIFE SAVINGS', quickly modified their Terms of Service and froze the funds.
Around 50% of all USDC was frozen and never returned to users while Finblox kept business as usual. Some users lost thousands or even millions while others lost life savings. I personally have around $87k USDC stuck in the platform. Finblox keeps refusing and I can not get my funds back.
Now they are running an ICO and they swapped the frozen USDC into their shitty FBX token without the permission from the users. A literal scam and fraud. There is also a lockup period for the token so the token will be useless because it will be dumped anyway.
Recently on their website they said that US users are not allowed to use the platform and yet they still converted the USDC from USA based users into their stupid FBX token.
They are obviously insolvent and trying to stay alive by selling their shitty token basically running a Ponzi scheme.
On top of that they are currently being investigated by Securities & Futures Commission of Hong Kong for Suspected Unauthorised CIS and in order to escape the legal problems they recently moved to British Virgin Islands as FBX Technology Ltd. registered BVI Company with company number BC# 2090058 but they preform financial services despite not having a license to perform financial services. They are trying to switch countries to continue running their scam.
Additionally they are also banning/blocking anyone from social media who mentions the frozen funds and are buying positive reviews on all review websites while removing the negative ones and threatening to sue anyone who says anything negative about the platform.
Finblox CEO Peter Hoang been deflecting and refusing to give my money back, funnily enough Finblox actually paid off few people that had few hundreds/thousands stuck in the platform. They selected people who have been very loud on the social media and did not have a lot of money stuck in the platform and they simply unlocked the money in order to keep unhappy people quiet if the threats of suing did not work.
Me personally I will keep on telling people about this scam and make sure people do not use Finblox and do not buy their FBX token
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments