Do not invest with this entity
This entity appears in one or more regulatory or sanctions lists (SEC PAUSE, DFPI, OpenSanctions). Report to the FBI IC3 at ic3.gov and the FTC at reportfraud.ftc.gov.
Entity Impersonating Singapore International Monetary Exchange Limited or Singapore Internal Financial Exchange (SIMEX/SGX)
Investment / sanctions alert · dfpi
DFPI — Victim narrative (California)
Victim reported meeting “Li Xiao” on LinkedIn, who then suggested they move further communication onto the Line app. There, Li Xiao claimed that she could offer advice on how to trade Binary Options through cryptocurrency and sent an invite link onto the platform. However, instead of downloading an app, the platform asked Victim to download a “configuration profile” onto his Apple device. Victim believed they were dealing with the Singapore International Monetary Exchange Limited, or Simex. Victim transferred approximately $480,000 worth of cryptocurrency from crypto.com to Simex in eight tran
Estimated loss: $480,000
Type: Pig Butchering Scam | Fraudulent Trading Platform | Imposter Scam
Have you been contacted by Entity Impersonating Singapore International Monetary Exchange Limited or Singapore Internal Financial Exchange (SIMEX/SGX)?
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What to do if you were targeted
- 1.Stop all transfers immediately.
- 2.Contact your bank or wire transfer service to attempt a recall.
- 3.File a complaint with the FBI IC3 at ic3.gov.
- 4.Report to the FTC at reportfraud.ftc.gov.
- 5.Report to your state securities regulator via nasaa.org.