Fake TWEX Scam Ads Impersonate Crypto Influencers to Defraud Traders
A recent wave of phishing ads on Facebook falsely promote “Taiwan Mobile Exchange (TWEX),” leveraging well-known local crypto influencers such as 麻吉大哥 (Big Brother Machi) and Wilson Huang as fake endorsers. The scam advertises a desktop version of TWEX with high-reward sign-up bonuses, free trading indicators and a lottery, luring victims to deposit funds. In reality, users cannot withdraw their supposed profits. Additionally, the fraudsters prompt victims to download a “PC installer” that anti-virus software identifies as a Trojan, risking theft of wallet credentials and personal data. Scammers also falsely claim backing from Fubon Bank and Taiwan Mobile. BlockTempo advises traders to verify the legitimate TWEX URL (https://www.twex.tw/default.html) and to report any suspicious ads. Stay vigilant against phishing schemes to protect your crypto assets.
Neutral
This phishing campaign poses cybersecurity and trust risks but does not directly affect cryptocurrency prices or broader market trends. While individual wallets may suffer losses, the scam’s impact is limited to fraudulent activity rather than influencing liquidity, trading volumes, or asset valuations. Traders should remain alert to social media scams but need not adjust market positions based on this non‐market event. Historically, similar phishing schemes have prompted security advisories without triggering significant price volatility, leading to a neutral market response.