Clyptaex Scam Exposed: Newest Scheme by the Same Fraudulent Team Targeting Taiwan Investors

This time,What are the international foreign exchange exchanges we are focusing on exposing four companies. Why these four? Because they are actually operated by the same team. Among them, three platform sites have long shut down and fled, leaving only the relatively new Clyptaex still operating. If investors are hesitating about forextrustindex in this platform, please read this article first.

The four platforms are AaelExChange, BXLR, REXIQ, Clyptaex. The first evidence that they are operated by the same team is their sequential emergence; one platform exploits investors and moves to the next, or prepares the next one to launch as a current one is about to flee. Coincidentally, the target audience for these four platforms is users in Taiwan.

AaelExChange Scam Review

AaelExChange was a "digital asset trading" platform, supposedly offering trading services for BTC, ETH, XTZ, ETC, and other cryptocurrencies (though not really). Its official website was aaelex.com (which is now shut down). It was registered under MSB number 31000293020655, with the registered entity being AaelExChange INC.

During AaelExChange's operation, its website wasn't even indexed by any major search engines (like Google), which speaks volumes. AaelExChange never intended to gather customers publicly to gain organic traffic; rather, it targeted individuals one-on-one for exploitation.

Following AaelExChange: BXLR's Emergence and Escape

Today, if you search BXLR on Google, you can find numerous victim testimonials and "fund recovery" ads (likely secondary scams, do not trust them). BXLR's website was lbxlsc.com (now defunct as well), registered under MSB number 31000295673436, with BXLR INC. as the entity.

In the BXLR entry on TraderKnows, there's a user comment who experienced the BXLR scam firsthand. They clearly illustrate that BXLR was never a legitimate trading platform but an investment platform prompting users to invest using cryptocurrency (bearing interest similar to loan sharks). Initially, you could withdraw small earnings, but after a while, the invested money no longer belongs to you.

Note: BXLR is still marked as "regulated" on a cryptocurrency search platform.

Repeating the Trick: REXIQ Scam Recap

REXIQ played things even more discreetly than its predecessors. At first glance, its homepage looks like a forex broker, but if you click the Trading Center at the top right, you'll see the same old scheme, still hyping AI mining.

REXIQ's website is re222.com (still operational but on a countdown to fleeing). It has MSB registration with the number 31000300983118, registered under REXIQ Inc.

A Brief Summary

By now, you might not see the differences between these three platforms, so let's list all their commonalities for you.

1. Targeting the Taiwan market: This is the most visible trait. Searching these three (and Clyptaex) on Google results in hits related to them in Traditional Chinese, mostly on Facebook, blogs, and Vocus, platforms popular in Taiwan.
2. Pretending to be cryptocurrency trading platforms, they engage in so-called project investment fund games: By using outrageous interest rates and initial small withdrawals, they lure users. They claim involvement in AI mining, AI chip projects, which are unheard of. Is it coincidental they all happen to work on such niche projects?

1. The domains of BXLR and REXIQ were acquired from a landscaping company, as revealed through the Wayback Machine.

1. All have MSB licenses but cannot be found in their registered localities: Users can check the registration results on the right side of our entry pages about these platforms; none have physical presence information locally, and their MSB permitted activities are identical (401 402 404 405 408 409 413 415).

1. Their websites cannot be actively found; users see here can try searching site:XXX.com on Google (like site:re222.com), none of these sites are indexed, which is highly unusual for legitimate platforms that want their brand name on the world's largest search engine.

Clyptaex: The Latest Scam from this Team, Stay Away

Many clues point to Clyptaex as the latest in this series of scams by the criminal gang. This time, the website differs from previous ones; we haven't seen similar sites. Clyptaex's site xxgalaxy.info employs a mobile-friendly layout, similar to a mobile app.

This time, Clyptaex is not using the previous AI project gimmicks but targeting gold. Remember that gold trading is not regulated under an MSB license. Clyptaex is unlikely to engage in real gold trading, likely recycling the old Ponzi scheme as before.

Why MSI Licenses Have No Effect When These Scams Already Succeeded?

In conclusion, the MSB merely indicates they are registered with the U.S. Financial Crimes Enforcement Network (FinCEN) and appear on FinCEN’s MSB registration search website. See FinCEN's official statement below.

Thus, an MSB license does not equate to compliance. Moreover, these firms don't even bother to maintain a façade as legitimate cryptocurrency platforms.

How to Identify These Scam Enterprises?

1. The platform claims regulation or certification by the U.S. Financial Crimes Enforcement Network (FinCEN).
2. The official site prominently displays their MSB license screenshot.
3. The legality statement mentions FinCEN and the MSB license.
4. No entity registration information can be found where the MSB is registered.

References: FinCEN-Related Fraud Heats Up: How to Avoid Getting Burned

Summary

Currently, among these four platforms, only Clyptaex (the latest) and REXIQ (about to flee) are still operational, targeting investors in Taiwan. Do not trust platforms' claims of high returns; safety is a prerequisite for investment. Investigate the platform's regulation, registration, transparency, and more before deciding to invest.

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.