Red Flags
4
Xpayz
XPayz is implicated in facilitating payments for fraudulent investment platforms and unlicensed processors, handling significant illicit funds, and engaging in deceptive marketing campaigns.
Quick summary on Xpayz
Association with Fraudulent Investment Platforms: XPayz is reportedly linked to scams like InvestBoost and WorldTradeCenter, facilitating payments for these fraudulent schemes.
Use of Unlicensed Payment Processing: The company allegedly processes transactions through unlicensed entities, such as Dot Systems KFT in Hungary, raising legal and ethical concerns.
Facilitating Illicit Bank Transfers: XPayz has been accused of enabling bank transfers to accounts at institutions like Lithuanian Epayblock UAB, which are reportedly involved in unauthorized financial activities.
Processing Payments for High-Risk Brokers: The platform is linked to high-risk brokers, increasing the potential for users to fall victim to financial scams.
Involvement in Deceptive Marketing Campaigns: XPayz is associated with misleading marketing efforts, such as fake Bitfit and BitQT campaigns, which lure individuals into fraudulent investments.
Handling Significant Illicit Funds: Reports indicate that XPayz has processed approximately 6.3 BTC (around €270,000) in transactions related to dubious schemes, suggesting substantial involvement in questionable financial activities.
Intel Reports
by: Olivia Walker
Xpayz is a total scam! Lost all my savings.
by: Daniel Hall
Xpayz seemed promising at first, but after depositing my money, I noticed several red flags. Their association with unlicensed payment processors like Dot Systems KFT and involvement in deceptive marketing campaigns are alarming. I regret trusting them with my investments.
by: Sophia Allen
Beware of Xpayz! They processed my payment through shady channels, and now my money's gone. Their links to fraudulent platforms like InvestBoost and WorldTradeCenter make them highly untrustworthy.
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