On May 23, Sibu Malaysia's Commercial Crime Investigation Department received a report from a victim who claimed that he had been cheated by a forex hacking platform and lost nearly RM500,000.

According to the man in his 50s, in November last year, he was pulled into a chat group by netizens, who offered the opportunity to invest in foreign exchange investments in Hong Kong, promising double returns, and he was tempted to download a "Meta Traders 4" APP at the other's prompt.

After initially investing RM20,000, he made 109 transactions in two separate accounts as of March this year.

With more and more money in his account, the man wants to withdraw money.

However, the platform asked him to deposit another RM11,000 and let the platform agent come to Sibu to meet him, which made the victim suspicious.

After the victim consulted a lawyer, he found out that he had been cheated.

By this time, he had lost RM485,320.

It is easy to make money and difficult to withdraw cash, and the typical routine of fake trading apps is that the profit temptation is large, first let you "get rich overnight", and then madly cut off on the way to gold. Under the temptation of high yields, investors are often easy to lose their normal judgment, dive in, and eventually inevitably pay the price of money. There is no real information on these apps, and it is very difficult to recover losses.

Once again, before trading and investing, we must review the compliance of the platform, and if we accidentally fall into the black platform, we must stop our losses in time!