GPay was a scam cryptocurrency platform that was using fake celebrity endorsements to rip off investors, but the UK High court finally put an end to that.
A few days ago, on the 30th June, a notice was released by the UK Insolvency Service that XTraderFX, which was the trading name of GPay Ltd, was getting shut down after an estimated £1.5 million ($1.8m) were lost. That equals about 180 victimised private citizens.
People ended up without their money most commonly when they attempted to withdraw them. They were either stonewalled through various means or were completely denied access, or the employees of the fraudulent exchange asked for additional personal documents. All of these were means to deny people access to their own money.
On top of everything else, the platform kept telling clients that they didn’t need any trading experience to begin investing.
Source
They conducted the oldest type of scam in the book and people still fell for it. It's weird how we never learn.
A few days ago, on the 30th June, a notice was released by the UK Insolvency Service that XTraderFX, which was the trading name of GPay Ltd, was getting shut down after an estimated £1.5 million ($1.8m) were lost. That equals about 180 victimised private citizens.
People ended up without their money most commonly when they attempted to withdraw them. They were either stonewalled through various means or were completely denied access, or the employees of the fraudulent exchange asked for additional personal documents. All of these were means to deny people access to their own money.
On top of everything else, the platform kept telling clients that they didn’t need any trading experience to begin investing.
Source
They conducted the oldest type of scam in the book and people still fell for it. It's weird how we never learn.
