CryptoFX
Known ScamAutomated Crypto-Trading Ponzi Scheme · First reported 2021
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Get a free case review1,200
Victims reported
860
Warnings filed
24%
Recovery rate
120,000
Max loss logged
About this scam
CryptoFX was a purported automated cryptocurrency-trading scheme that the US SEC charged in March 2024 (with co-defendants totalling 17 individuals) for allegedly running a $300 million Ponzi scheme. Investors - many targeted within Latino and Spanish-speaking communities - were promised steady high returns from AI "trading bots", which were allegedly used to disguise that payouts came from new deposits. This entry reflects the regulator's public allegations - see the linked notice.
Scam tactics used
Operating jurisdictions
How we can help with CryptoFX
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Get a free case reviewWhat to do about CryptoFX
- 01Contact us first. Get a free fund-recovery assessment from our investigators. We investigate CryptoFX and set out the practical steps to pursue your money.
- 02Share your evidence. Send us what you have - payments, screenshots and correspondence - and we organise it into a clear case file.
- 03Your bank. We help you pursue a recall or chargeback on the affected transfers.
- 04Regulators and authorities. Where it strengthens your case, we prepare and file the necessary reports with bodies such as the FCA and Action Fraud on your behalf.