🚨 Warning: LquidPay / Lquid Finance flagged by regulators 🚨
LquidPay (aka Lquid Finance) markets itself as a “Visa-powered, self-custodial Deobank” offering crypto debit cards, fiat conversion, and passive yield. But multiple red flags have now been confirmed by regulators:
⚠️ ASIC (Australia’s regulator) added Lquid Finance to its official Investor Alert List on June 6, 2025, warning it is not licensed to offer financial services or products in Australia.
⚠️ FMA (New Zealand) issued a similar alert on May 2, 2025, after LquidPay failed to prove its legal registration or trademark rights, despite claiming local compliance.
🟥 Additional concerns include:
– No verified Visa partnership despite branding
– Reports of stuck funds and unresponsive support
– Extremely low trust score (0/100 on ScamAdviser)
– Fee structure includes up to 2.3% + $0.50 per transaction
– Ties to individuals linked to past crypto Ponzi schemes (e.g. HyperFund)
📉 User reviews also highlight frozen balances and withdrawal issues. BehindMLM and others have identified the operation as high-risk or potentially fraudulent.
🔒 Bottom line: This platform is operating without licenses and under false pretenses. If you’ve already deposited funds, consider withdrawing and reporting the activity to your local regulator.
✅ Always do your own research. If it sounds too good to be true—it probably is.
#CryptoScamAlert #DYOR #LquidPay #CryptoSafety #DeFi #BinanceSquare