58 CommentsInvestment Scams

Who is Malcoin?

Malcoin is an online trading platform, it claims to offer investment opportunities. However, upon closer inspection, several red flags emerge that indicate this may be a potential scam. In this comprehensive review, we will delve into the various scam activities associated with Malcoin and provide valuable insights to help you protect your investments.

🖥️ : Malcoin.ltd.

🚩 : Fraudulent Trading Platform.

🚨 : Do not pay any “fee” or “tax” to withdraw your funds ! It’s a trick to steal more money from you.

📢 : Scam linked to FB Finance Institute.

Malcoin falls into the category of UNREGULATED platform. When choosing a platform, caution is warranted if the company lacks regulation by any overseeing agency. This should serve as a warning that your funds may not be secure, and there’s no protective regulatory framework. Unregulated entities can potentially abscond with your money without being held accountable.

How does the scam unfold?

Scammers employ persuasive tactics to convince you to make an initial minimum deposit. They entice with promises of doubling the deposit within 24 hours and similar claims. After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds. The cycle persists, but it is possible to put an end to it, even if you’ve fallen victim to their deceitful promises.

Is It Safe To Invest With Malcoin?

Dealing with an unregulated company like Malcoin increases the risk factor of your money. Once the money is deposited with it, it stops responding to the queries.. Therefore, we do not recommend you to invest money with Malcoin.

Malcoin

Red Flags and Scam Warning Signs

To help you identify potential scams, we have compiled a list of red flags and scam warning signs associated with Malcoin:

  1. False claims and unrealistic promises of high returns.
  2. Lack of transparency regarding risk warnings and hidden information.
  3. Utilization of stock images and paid actors to portray fake staff members.
  4. Illegitimate rules and policies for withdrawals.
  5. Sudden unavailability of the broker or website downtime.
  6. Changing identities and website URLs without notice.

Did that happen to you too?

🆘 Are you victim of scam? Fill the form below or Use our Chatbot and get a Free Consultation from CNC Intelligence Experts, they can assist you by investigating your case and tracing your funds. You should also contact your bank as soon as possible and let them know about your issue.

If you discover yourself in such a predicament, take the subsequent measures to recover your funds:

Maintain communication with the scammers: This step is vital, especially if you are seeking external assistance.

Promptly initiate a written withdrawal request: Act swiftly to formalize your request for fund withdrawal in writing. Be vigilant, as scammers may employ various excuses to delay the process.

Initiate a chargeback: If your payment was made through a credit or debit card, instigate a chargeback to effectively reclaim your money. This action underscores your genuine efforts to retrieve your funds.

For wire transfers: In cases where money was sent via wire transfer, issue a stern warning to the scammers about reporting them to the authorities. If necessary, follow through by composing a detailed letter to the regulatory agency in your country, outlining the fraudulent activities.

Post reviews on alternative platforms: Contribute to warning others by sharing your experience through negative reviews on various platforms. This serves as a precautionary measure to prevent others from falling victim to the same scam.

Unregulated and Suspicious Operations

One of the primary concerns with Malcoin is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others. This unregulated platform operates without the necessary regulation, raising doubts about the safety of your funds. While regulation alone does not determine a scam, it is an essential factor to consider.

Conclusion

Malcoin fails to provide any information about its staff on its website and promise fake returns. These deceptive practices raise significant doubts about the credibility and trustworthiness of this platform.

We hope this review was helpful and gave you the information you needed.

If you have any more questions or requests, please don’t hesitate to contact us  here.

Comments (58)

    • Melinda B.

      Reply

      I found FB Finance institute through an ad. I signed up and started trading. I couldn’t trade much because I’m disabled and on social security. My son and my sister gave me money to invest for them. A total of $740 in all. I made money on that, but, of course, there was an ICO project that I should get into. I did that, the came the IDO subscription. I didn’t have enough to make the “green channel” so I didn’t stand to make much on the trade. The assistant encouraged me to get a $50,000 loan from a loan broker, which I did, but I was told afterwards that I had to pay the $50,000 up front before I could get my $461,700 that I made from the IDO. Now, of course, they are threatening me with a law suit and I’ve been shut out from the Malcoin trading hub. Not that it will do me any good, but I documented everything and archived the conversations in telegram and WhatsApp. This is an ongoing situation, I’m still getting messages saying I have to pay the money and the “assistant” is telling me how much it hurt her that I’ve done this to her.

    • RWB

      Reply

      That is nothing special all that is a government agency that tracks funds for money laundering and terrorist funding has nothing to do with them scamming people out of their life savings

  2. A. Bates

    Reply

    Do not and I repeat do not use this platform. Initially it started off as good. They gave me 2 Options Trades that went very well as I did the Trades in Robinhood. After, they started talking about the benefits of investing in the institutes tokens. Next, they convinces me that they preparing to release AI 4.0 and offered a nice opportunity. The institute was to provide us with 500.00 to use for trade signals that they would provide. The trade signals were Malcoin and things went well and still seemed believable. Then they started another program where they wanted us to invest no less than 5,000. Well if I’m putting that much out I need to be sure that it is 100% legit. So, I decided to try to withdrawl the funds from my Malcoin account. And ding my account was frozen for 1 month. So, now I have somone contacting ,e trying to convince me to borrow the 5000.00 money from the institute. So I asked could I use the money that I made from the trades to pay back the money and was told no. Luckily, I only lost 1400.00.

    • CC

      Reply

      Hi Ms. A Bates, I think I am in similar situation FB Finance institute and the upcoming AI4.O coming up. IDO investment, loan that they gave me in the platform that i cant pay them through that. I need yo hive them crypto or external funds. Prof who teaches and educate. An assistant who seemed helpful. Is this what you experienced ?

      • Huey

        Reply

        Rachel Christie and Professor Clark. They’re good. Got me. Its the scare tactics that work on most people. Sue me and I’ll sue you back. I don’t think they’re suing anyone.

        • TEM

          Reply

          The assistant also goes by Nicole Christie, The “Professor” is Wilbur Clark and the other two members of the team go by the names of James Wilson and Richard Bill.

      • REB

        Reply

        Yes everyone experienced the exact same thing you need to start reporting the to all the scam agencies that you can and your local authorities

  3. Annette

    Reply

    So assistant asked me to make a loan for as much as I can because they’re coming up with these IDO project. When all option failed she told me that I could contact the CSC customer service center. They said that i could try them. They approved a loan for 116k but I need to put down the 11,600.00 as a deposit in good faith. They put the moneys in and the first IDO it says I made 618k. But I cannot pay them from my winnings. I need to pay them with a wire transfer. There is another IDO that’s in progress that is ending on 10/05. Let’s see how much I make then. But it’s all a scam.

    • Mohan

      Reply

      I am also in the same situation. I have lost 250K with them. I have got 180K loan, paid 105K already. Atleeast I found this now before paying 75K. I am worried that if they will do any proceedings on the loan contract. Please let me know further experience on it.

      • RWB

        Reply

        Don’t lose any sleep it’s all scary tactics to steeling your life savings that contract is not worth the paper you printed it on and and then made pictures and sent it in there nothing but a bunch of scumbag scammers every one of them are fake bots 🤖

  4. Brandon

    Reply

    I’m in a similar boat, I’ve only put in about $500 myself. But I got a loan from their C2C loan for 50000, the contract said I had to put in a 10% good faith deposit, but that somehow got over looked. The contract stated there was a crypto option to pay back the loan, but it had a 14 day repayment because it couldn’t be traded off their platform, so there was no risk since they waived the 10%. When I tried to repay them out of my winnings from the last IDO they told me it had to be wire transfer. I’m not doing that, they threatened me with a lawyer when the loan is due and not paid, I said great I’ll speak with them. Currently, I’m still in their MFN IDO, but I can’t find any information on the token and they have no white paper that I’ve requested to read. It seems to good to be true, wiling to bet my account will be frozen when I try to with draw. I did also bye a few institute tokens early on when there weren’t any red flags. It’s a sophisticated operation with LinkedIn profiles, nice look websites….a white paper on their coin which is well put together. I’m sure they’ve made a ton. I think all the members with ~ in their names are bots. They for a group from all over the US…they have a bunch of phone numbers with the same Area codes.

    • Nora

      Reply

      I have the same opinion. I think they are all bots. Cannot find anyone online. I tried to find the ido tokens as well. Could not find any information anywhere on them. Yes, as soon as you take out the loan, they lock your account so you cannot withdraw money. You can deposit money and trade, but you cannot withdraw.

      • BT

        Reply

        FB finance is not returning any money to not body they just scam everyone and they are moving on with a new scam AI foundation it will be launch in December in New York in Hotel plaza according to Wilbur Clark head of this organization of thieves

  5. Joyce S

    Reply

    Same situation with the QBL IDO. They “loaned” me 50K USD to invest in the IDO and after the token listed I supposedly made $470K, the catch was I was supposed to wire the borrowed money first before I could access my funds on Malcoin. I reported FB Finance Institute and Malcoin to the FBI cyber crimes division. I have also documented all the chats.

    • RR

      Reply

      I also have 4 million in my fake malcoin account. I took a 30k loan and c2c said they never received my transfer and the money was being sent back to my account My bank confirmed they did receive the funds. After fighting with them they agreed I paid the loan.
      I did the first ico and made 250k then Nicole Christie put 250 in my account and we did the MFN ico and made 4 mill. They wanted 400k to withdraw the funds i was like forget that , Nicole was freaking out on me that i need to pay and i was no way! Meanwhile i received back my 30 k from where ever i sent it from. The whole thing was a nightmare. I reported them to the Secret Service.

  6. Huey

    Reply

    I started with this farce in late June. Initially, I was skeptical and would only “paper trade” but the numbers were adding up. So I transferred in some cash. At about that time, the switched from stocks and stock options to crypto then ICO/IDO trades. It seemed unbelievable to me but numerically, I 10x my money in a month. Even did trades without their advice and made money. Then the ICO/IDO trades started and the “money was incredible. I was encouraged to take a $150,000 “loan” to really capitalize on the ICO/IDO and I would pay the loan off with proceeds from the trade. Suddenly, I am not allowed to do that. I cannot withdraw funds to pay the loan. Hmmm. Seems strange. I am only allowed to pay the loan with personal funds. If I had $150,000 liquid I would not have taken the loan. So I contacted CNC and was told, since I sent cash throw FedEx to fund these accounts, it’s non traceable and I have no case. So I have severed all ties with FB Finance Institute, Malcoin and DEM C2C. They have taken all they will take from me. There is a special place in h*ll for these people.

    • Stephen R. Swiergosz

      Reply

      you should also report them to the FBI cybercrimes division and anywhere else that you can.

    • Nora

      Reply

      Yeah, did they tell you to tape it up in a tin foil and put it in a book and send it to them? That is how they wanted me to pay it back LOL they’re not getting a penny out of me either!

  7. Linda Eads

    Reply

    The exact same thing has happened to me with FB Finance Institute and Malcoin.

    • Weeknd

      Reply

      Same happened with me as well with FB Finance Institute and Malcoin. Have you reported the issue to law enforcement?

  8. VSK

    Reply

    Same happened to me. Initially, I started FB with an options trading signal, it went well and they started about Crypto through Malcoin Ai4.0 testing with $500 from FB. Later they started with a VIP program I invested 30K and with some funds, I made a profit from before. As the VIP program is close to end, they’re asking to pay a service fee to withdraw fund even though the contract ends the money cannot be withdrawn. Where to complain? how to retrieve an invested amount?

  9. MAR

    Reply

    THIS IS HAPPEN TO ME I HAVE FILED A COMPLAINT WITH MY SECURITY COMMISSION. THIS IS A TOTAL SCAM.

  11. TEM

    Reply

    Everything was going well with FB Institute and the Malcoin platform with crypto contract contracts and then the IDO investments. I even took at a $50k loan with C2C and I paid it back. Now that it’s time to honor the terms of the contract which states that the fees, subscriptions and purchase of their system the Ai4.0 will be paid using the net profits, I’m being told that I misunderstood the contract and the 15% fee must be paid with external funds which of course they know I can’t afford. I’ve lost $300k in this scam, my retirement money is gone.

    • RWB

      Reply

      Same thing with me I lost my entire retirement savings I am 62 years old now I will be working till I die I am sick over this

  12. Nora

    Reply

    Melinda B. The Exact Same thing happened to me. 😞The assistant still messages me everyday. And they are threatening me with a lawsuit if I don’t pay it back. Nowhere in their “contract” does it say that you cannot pay it back using your winnings, but they freeze your account so you cannot pay it back. I filed a complaint with FTC and they said they do not investigate individual claims… What to do, what to do?!?!

    • RWB

      Reply

      File with the ic3 it is the FBI cyber crime investigation unit you can find it at FBI. Gov

    • Mohan

      Reply

      Hi I am also in the same situation. I have paid only 55% of the loan. I am not sure what the next step will be from them. worried if they will take any step. please share your experiences so that we can help understanding the situation each other.

  13. Steve

    Reply

    I’m in the same boat, lost a bit of my retirement savings, This is a very slick operation very advanced they got me. would like to know how to file a complaint and where to file it. Thank you

  14. Robert

    Reply

    I filled my information and started the investigation process with CNC Intel. So far so good I will let you know how it is going.

    • Mohan

      Reply

      Hello Robert, Would you have got any update on this investigation? please let me know. I am also lost lots of money with them.

    • LL

      Reply

      Robert, let us know if we can help in any way and if it would help to get a group of us together to make a larger investigation. Thank you.

    • Gloria González

      Reply

      Good morning Robert, could you provide the information to file a complaint. They have taken everything from me. I’m drowning in debt because of all the loans I got to pay them back. And

  15. LL

    Reply

    I am involved with the same issues. My life savings are gone. I repaid my loan and now they want another 30 k for a management fee. How do these people sleep at night?

  16. jennifer

    Reply

    total scam. dont believe anything these scumbags say. never getting your money back. other scams out there are very similar.
    monarch institute is one. pretty much the same BS. monarch is now starting the ICO/IDO part of the scam, the real kill.

    • TEM

      Reply

      Do you have a link for this monarch site. We need to let people know before they get caught up. Nothing negative appeared on line about FB Institute or Malcoin prior to the end of the scam when no one was able to get their money.

      • RWB

        Reply

        That is certainly correct we need to let other people know FBI.gov to file cyber scams and also your local police department and cnc that is the bank trade commission just google where to file scammers

    • Nora

      Reply

      I noticed that. As soon as things went south with FB finance institute, I noticed a lot of similarities with Monarch. Even some of the posts are word for word the same…lol

  17. jennifer

    Reply

    another scammer is QPC group, they use the exchange novabit. very similar scam, the few token freebies they give all leading up to the big kill. none of these WhatsApp investment groups are real. what you see on the apps, all the numbers, are manufactured by them. they are not real. when you try to withdraw any real money, they always have hurdles. eventually you lose.

  19. LL

    Reply

    There is now another twist to the story. Malcoin will be merged with larger exchanges soon, everyone is required to withdraw their funds before the merger or Malcoin shall not be liable if there is any loss. So of course they are trying to hurry me to pay them my “asset management” fee.

    • Gretchen

      Reply

      The Assistant also goes by Ashley Christie, along with those other names you mentioned. I’m trying to withdraw $4800 from Malcoin. But so far it hasn’t gone thru. They unlocked the FFI Tokens, so I sold those and bought BTC and I happened to have put money into the financial thing for 30 days and when that was done, I bought BTC with that so I could withdraw it. But I lost $6350. I’m trying to withdraw the BTC to my Strike account, but it’s not going thru. So I don’t know if there are keeping it from going thru or I did something wrong in the process. I can’t get anyone to help me. The customer service on Malcoin never helps me, it either says they aren’t online or they are busy.

  20. Mohan

    Reply

    Hello Robert, Would you have got any update on this investigation? please let me know. I am also lost lots of money with them.

  21. LL

    Reply

    Hi Gretchen. Are you still able to pull up the Malcoin website? I can not even get the website to load anymore.

  22. Charles

    Reply

    Same thing happened to me. Robert let me know how I can help.

    Can we get a list of names and contact info of everyone who was involved in this and lost money. Maybe the more names we have we can make a bigger splash and get the attention of the right people.

    Also Robert if you could lay out the steps we need to take to all file a report or be added to your report, or everyone could be added to the report I file. Let me know how to get this started and how I can help.

    • LL

      Reply

      Charles. That’s a good idea to get us working together as a group. I wonder if there are any other reviews and/or sites where this same discussion is happening. I would like to help too.

  23. Tine

    Reply

    Hi. We are in same situation I lost a lot too my retirement money even though my profit as they say is almost more than a million. What I discovered is our group chat change name now it’s digital finance and some of our group members changed photos and names funny male names female photos. It started again to 101 of stocks investing. There’s another professor and photo of Ms Christie change to another character assistant. I asked Wilbur Clark said it’s a hacker. And in telegram Ms Christie photo change to Buddha photo.. I think it’s an organized Chinese group here in US.i searched c2c look on addresses for sale establishments owned by Chinese character. Search ur c2c. U can lower ur money in usdt by buying in btc eth usdc.. they don’t know how much u have in usdt…. lowered it I just discovered it they are asking for 5% now. But it’s all scam…. no sense of paying service fee I ask some of our gc group if they withdraw already no one answered though Mr Clark claimed 90% have withdraw already… still scam don’t know why can’t we withdraw … scam.

    • RF

      Reply

      They blocked me out of the group, it cannot be possible that that are having a convention in NY, the FBI would be there . I have 5 million in my account.

  24. Tine

    Reply

    Hi. We are in same situation I lost a lot too my retirement money even though my profit as they say is almost more than a million. What I discovered is our group chat change name now it’s digital finance and some of our group members changed photos and names funny male names female photos. It started again to 101 of stocks investing. There’s another professor and photo of Ms Christie change to another character assistant. I asked Wilbur Clark said it’s a hacker… I think it’s an organized syndicate…look how many luring people in trading nowadays…. i searched c2c look on addresses for sale establishments . Search ur c2c. And tell customer service ur going to pay service fee ur account will show up, ask not to freeze your account. U can lower ur money in usdt by buying in btc eth usdc.. they don’t know how much u have in usdt…. lowered it I just discovered it they are asking for 5% now. But it’s all scam…. no sense of paying service fee I ask some of our gc group if they withdraw already no one answered though Mr Clark claimed 90% have withdraw already… still scam don’t know why can’t we withdraw …

  25. Katherine

    Reply

    The same exact thing happened to me that everyone else is saying. Made a ton of money with the icos. Have over 600,000 in my account but of course it’s frozen until I pay back the loan of $30,000 which I don’t have. I have paid back $7,000 of it but thank God I found this site. I can’t get into the website anymore either. That’s a very very very very good scam!

  26. Shoran

    Reply

    The same happened to me but I’m down about $30,000. They are really sophisticated and detailed to the point of showing video ads on Times Square, London and Soul’s billboards. Don’t worry about any threats, I told them they were very unprofessional and no lender would speak to a borrower as they do. I have about 2 million in their account if it is real, world live to get my hands on it. Oh, and her name was Tanya Christie, seems the last name doesn’t change.

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