🚨 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