OEX may provide or promote financial services or products without regulatory permission. You should avoid dealing with this firm and beware of scams.
Almost all firms and individuals must be authorized by the FCA to carry out or promote financial services in the UK. This firm is not authorized by them and may be targeting people in the UK.
Unauthorized firm details:
- Name: OEX
- Websites:
https://www.oexgeek.xyz/#/
https://oexbake.com/#/
– OEXBake Reviewhttps://instoex.com/#/
https://oexround.club/#/
https://www.oexhugo.xyz/#/
https://www.oexhugo.com/#/
https://oexgeek.vip/#/
If you have been scammed by OEX or any of these websites, please share your story.
OEX is an unauthorized entity providing or promoting financial services without permission. The firm’s website, oexbake.com, was registered on January 2, 2024, with the registrar Gname.com Pte. Ltd., and is set to expire on January 2, 2025. The registration details indicate that the registrant’s information is redacted for privacy, but it lists Manila, Philippines, as the registrant’s location. The website is hosted by Cloudflare, Inc., with servers in Toronto, Canada.
The scam involves fraudulent transactions where users report that withdrawals from the platform do not appear in their wallets despite being marked as successful. This has led to numerous complaints and suspicions of fraudulent activity. The site uses Cloudflare’s services, making it more challenging to trace the actual location of the servers.
Individuals have reported that their transactions remain “stuck in the blockchain,” with no support or resolution from the website’s administrators. The site has minimal organic traffic and backlinks, suggesting it is newly established and possibly created solely for fraud.
On February 17, 2024, we received the following complaint:
I was introduced to crypto trading by a friend who has since vanished, leaving me clueless about how to recover my BTC from a website called OEXBAKE.com. Through learning and trying out, I accumulated a whopping 1951.8591 BTC. Now they are refusing to let me withdraw into my Coinbase wallet, stating that I need to provide 1% of the total assets and transfer it to a one-time address that will be provided to me. Once they receive this, they claim they will allow the relevant transfer.
On May 21, 2024, we received another complaint from a person who reported being scammed for over $40K:
I created an account on OEXhugo but cannot withdraw my money.
Victims are encouraged to share their experiences to help others avoid falling into the same trap.