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.
ZC Exchange
Investment / sanctions alert · dfpi
DFPI — Victim narrative (California)
The victim met “Nisa Gacias (aka Champion)” online who introduced to investing in cryptocurrency. He started by transferring $25,000 to the crypto trading platform ZC Exchange, then added $100,000 more. Everything seemed to be fine during this time and as he believed his investment was growing in value, he continued to put in more money. At some point, the victim believed his account held $1.2 million Tether, and he decided to withdraw some money. He was then told before he could withdraw, he needed to pay taxes of $187,000.00 to the trading platform. When the victim asked for an extension to
Estimated loss: $100,000
Type: Pig Butchering Scam | Fraudulent Trading Platform
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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.