By Luis Blanco
2 February 2025, 15:28 GMT+0000
Edited by
Luis Blanco
2 February 2025, 18:19 GMT+0000
IN SUMMARY
HV IJEX, a cryptocurrency investment platform, has been singled out by users in Latin America for its lack of transparency and potential fraudulent practices.
Various specialized platforms warn about the risks of investing in HV IJEX, highlighting its lack of regulation and absence of contact information.
Before investing in platforms like HV IJEX, it is crucial to do thorough research and look out for red flags that may indicate a scam.
In recent months, there has been growing concern in Latin America due to the expansion of HV IJEX, a cryptocurrency investment platform that has been flagged by multiple users as a possible scam. Below are some characteristics of this platform and the warnings issued by the community.
HV IJEX is presented as a cryptocurrency investment platform that promises high returns in a short time. According to its website, the HV investment group has a presence in 52 countries and regions, including South America, North America, the Middle East, Asia, Europe, and Africa. In this way, it would be forming a global and diversified investment network.
The crypto community raises red flags about the HV IJEX platform.
From HV IJEX, they claim to lead investors from around the world to break down barriers of time, capital, knowledge, experience, technology, and connections, forming teams to achieve a shared and interregional economy, allowing all investors to share income from investments.
However, despite these claims, the platform lacks clear information about its internal workings, profit generation mechanisms, and specific terms and conditions. This lack of transparency is a red flag for potential investors.
"First, let’s get some context. This 'project' already has a precedent; in the middle of the year [2024], we saw the downfall of the GoldenSun/Cowcoin group, which was dragged down by the death of another more popular scam called solesbot," stated @CryptoSoftDev.
Various users and specialized platforms have issued warnings about HV IJEX. For example, the site Dominio Estafa indicates that the trust score on the portal is very low, due to suspicious characteristics and the lack of transparency.
"HV IJEX is the new PYRAMID SCHEME that sounds very strong in Venezuela, Colombia, and Argentina. If you have a friend or family member who has invited you or talked to you about this MIRACULOUS platform to make "a lot of money" and 'easily' send them this video," stated @criptolawyer through X (formerly Twitter).
Multiple victims in Bolivia as the platform lands in Maturín, Venezuela.
On the other hand, the portal Brokers Recomendados ranks IJEX Exchange as an unreliable company, highlighting its lack of regulation and transparency. They point out that the company does not provide information about its regulation, implying that customers and their money are not protected.
In addition, they mention that the company does not provide contact information, such as email or phone number. This red flag complicates any attempt at communication in case of problems or complaints.
"I am informed that in Bolivia there was a complete flight of several unsuspecting individuals who fell into the trap of HV IJEX. Those in Maturín [Venezuela], heed the drum; do not continue recruiting and seeking more victims for your pyramid scheme, jail awaits you for fraud. Your business is to lure," stated @CorrosionTl.
These warnings emphasize the importance of due diligence before investing in cryptocurrency platforms, especially those that promise high returns without providing clear and transparent information.