While foreign exchange investment is becoming more and more active, various kinds of foreign exchange scams are emerging in an endless stream. Recently, some criminals use social platforms to make friends, taking this as an opportunity to gradually induce victims to invest, and eventually cause huge capital losses. This kind of fraud under the guise of "online love" has become a common trend, and investors should be vigilant and not easily believe strangers on the network to avoid being cheated.

Typical cases start with a request to add as a friend, and the other party quickly confesses and ardently pursues, sending flowers to the victim to express their love. After a period of frequent interaction between the two parties, the victim also develops a good impression of the other party. At this time, scammers for various reasons, requiring the victim to first open an account in an APP to merge gold, saying that to give each other a "surprise" or to make money together. After the victim deposits money, the swindler lets the victim withdraw a small amount of cash to gain the trust of the victim. The victim is then asked to invest more for various reasons until the victim's funds are exhausted.

Recently, an investor from Taiwan complained to WikiFX that Winter platform could not withdraw cash, was an unscrupulous platform, and was a scam.

The victim said she met an online friend on Instagram in February this year. After adding friends, the other person began to tell her that he liked her. After that, the other party shared a purportedly very profitable investment project and wanted to pull her in. She was reluctant at first, and there was some disagreement. However, after the other party let her try twice and successfully withdraw cash, she gradually relaxed her guard and trust the other party. She later invested about 300,000 yuan in the venture.

Under the guidance of the other party, she went to the customer service office of the investment platform to ask for the opening of funds. That's when she learned that she would need to invest $88,888 in USDT to cash out, at a yield of 2% per day. She could not take out so much money, then the net friend let her go to borrow money, and then make up 10,000 USDT, because if not completed within the limited time will deduct 5% of the outstanding amount per day, customer service said that there is a 21-day deposit period, after the expiration will be investigated for legal responsibility. She later asked another netizen and realized it was a scam. She regretted believing the netizen's nonsense and hoped that others would take it as a warning and not repeat the mistake. She will keep trying to get help to recover her losses.

At present, the Winter platform official website domain name has expired and cannot be accessed normally.

In order to avoid falling victim to such scams, investors should remain vigilant, and prevention is the key. It is important to confirm the legitimacy of the trading platform, fully understand the background of the platform, and check the relevant licensing and regulatory information. In the face of such complex types of regulatory information, it is difficult for the average investor to distinguish between true and false, and verification is time-consuming and laborious, and WikiFX can help investors easily identify!

A WikiFX search of Winter shows that the platform is registered in China and established less than 2 years ago. Clearly mark in the supervision information bar - no effective supervision information has been verified, the supervision license is doubtful, the exhibition area is doubtful, and there are advanced risks and hidden dangers.

Given the low rating, investors are also reminded to stay away from the platform!