FVP Trade Ponzi collapses, pulls “regulators!” exit-scam

The FVP Commerce Ponzi scheme has collapsed.

Fairly than simply admit they’ve run out of cash, FVP Commerce blames regulators within the UK.

As per a July 18th discover from “FVP Administration”;

Through the firm’s technique of exchanging steady coin USDT to fiat and subsequently topping up fiat to MT4, the sheer transaction quantity of the corporate has caught the eye of worldwide anti-money laundering organizations and the corporate has been notified that every one its present property which incorporates financial institution deposits have been briefly frozen.

Whereas in a roundabout way naming UK authorities, FVP Commerce suggests regulatory motion has been taken towards it within the UK.

Upon receiving the discover, the corporate has instantly appointed knowledgeable British authorized workforce to cope with the matter.

The corporate will try to resolve all its present issues by means of correct authorized channels so as to get its property again.

Together with suspending withdrawals, FVP Commerce virtually spells out its exit-scam to traders;

In an effort to shield the corporate’s information from additional injury and vulnerability, the corporate had determined to take away all system information, entry and data briefly.

We are going to restore the system information at a later date when the corporate’s standing progressively returns to the norm so as to stop additional injury to our firm’s safety and fame.

And similar to that, FVP Commerce is over.

FVP Commerce initially launched as FVP Holdings in early 2020. The Ponzi scheme is believed to be run by scammers from South-east Asia.

Resulting from the usage of conventional Mandarin, China and Singapore are frontrunners.

Complete FVP Commerce sufferer losses are unknown. Based mostly on SimilarWeb visitors estimates, the vast majority of FVP Commerce traders are believed to be from Italy and Vietnam.