FSS Warns "Virtual Asset Investment Scam Firms Flourishing"... Approaching with Loss Compensation Bait
The Financial Supervisory Service (FSS) has warned that there are frequent cases where past losses are promised to be compensated to induce new investments in virtual assets, urging special caution.
According to the FSS on the 9th, recently illegal companies have approached people through phone calls and KakaoTalk chat rooms on social networking services (SNS), claiming to offer "loss recovery due to XX Investment Group stock leading" or "refund of XX Investment Group membership fees."
They used tactics such as presenting fake documents manipulated to look like official notices sent by financial authorities to deceive investors, and unauthorized use of the names and trademarks of well-known securities firms to cause confusion or pretend to be affiliated with those securities firms. Additionally, they created websites similar to those of regulated financial companies to induce sign-ups or gained trust by forging business cards and employee IDs to appear as affiliated staff members.
Subsequently, they induced new investments in virtual assets by promising "principal guarantee," "high returns," and "guaranteed fixed income," and manipulated a fake private trading system to display as if actual virtual assets were purchased, reassuring investors before embezzling the investment funds and disappearing.
The FSS emphasizes that if impersonation of a regulated financial company is suspected, one must verify with the relevant financial company and be suspicious of high return guarantees or fundraising disguised as virtual asset investments, as these may involve unauthorized fundraising or fraud.
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An FSS official stated, "If there are abnormal demands during the transaction process or suspicion of fraud, immediately stop the transaction and promptly report to investigative authorities," adding, "Especially if unauthorized fundraising activities are suspected, it is important to report to investigative authorities or the FSS with related evidence such as investment solicitation documents."
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