Investor warning against Tedex broker scam promoted by YuanPay fraud campaign!

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The fraudulent YuanPay crypto campaign is being intensively advertised via Google again today. Anyone who wants to buy the allegedly official Chinese cryptocurrency Yuan will be redirected to the payment page of the broker scam Tedex.co after registering. Redirection is done via the domain https://direct2platform.com/fingerprint. There, potential victims can lose their money via deposits with credit and debit cards and cryptocurrencies. Stay far away and protect your money and data. Yuan is a fake, and Tedex.co a scam.

Key data

Trading nameTedex
Legal entitynot yet known
Jurisdictionnot yet known
Payment gatewayABNCBP (https://abncbp.com)
Promoting fraud campaignYuanPay

The scam narrative

First things first! There is no government-backed cryptocurrency in China, i.e. no Yuan. The Yuan fraud campaign claims that YuanPay Group would be a government-approved distributor of the Yuan. This claim is bullshit, of course.

The sole purpose of YuanPay campaign is to chase victims for fraudulent brokers and unfortunately, they succeed too often. Today, Tedex.co broker scam was promoted with it. The website of this broker does not provide any information about the operators or the relevant jurisdiction. All they want is their victims’ money.

Do not let your greed turn off your mind. Stay far away from YuanPay and Tedex.co.

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If you have any information about YuanPay or Tedex.co, please share it with us through our whistleblower system Whistle42.

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