TriumphFX’s long-running Ponzi scheme has failed.
In August, TriumphFX ceased processing withdrawals. Buyers are getting locked out of their accounts, and assist is unresponsive.
Whereas I lack a exact date, I used to be capable of find investor stories describing TriumphFX withdrawal points starting in August 2022.
Most TriumpFX withdrawal complaints are associated to unsuccessful withdrawals that have been began in September and October.
When contacting TriumphFX assist, one is both met with justification or is ignored.
The TriumphFX web site was nonetheless reside on the time of writing. Buyers’ login points are understood by us.
Additionally reportedly disabled is the TriumphFX backend system.
TriumphFX linked a foreign currency trading Ponzi scheme to a pyramid scheme for hiring.
TriumphFX is considered the product of Singaporean con artist Hermes Leong, who collaborates with fraudsters in Cyprus and Malaysia.
TriumphFX is formally included as Triumph Int. (SC) Restricted, a shell enterprise registered within the Seychelles.
TriumphFX has no true connections to the Seychelles aside from suspected cash laundering by means of its shell agency.
Based on knowledge from SimilarWeb, Singapore (4%), Malaysia (76%), and Taiwan account for almost all of visitors to TriumphFX’s web site as of September 2022.
Over the previous few months, there was a gentle discount in guests to TriumphFX’s web site.
Regardless of warnings about TriumphFX safety fraud from Malaysian and Singaporean authorities, neither nation took further motion to cease the fraud.
The variety of TriumphFX traders and their losses are nonetheless unknown pending additional data.