"Beware of fraudulent online investment schemes!" - AKSK warns citizens: Irrecoverable financial losses
The National Cyber Security Authority (AKSK) has reacted to cases of online fraud through a platform called TXEX. According to this institution, this platform, presented as an application for investing in cryptocurrency, is not registered and is not licensed in the Republic of Albania and as such operates outside any national legal framework.
Meanwhile, from AKSK's observations and the numerous denunciations made public, it is concluded that its activity bears the clear characteristics of a digital fraud scheme.
But how does this platform work?
The TXEX platform uses :
• Seductive and false advertisements on social networks (e.g. Instagram, TikTok);
• Creating simulated communication groups on Telegram, WhatsApp, Signal;
• Presenting fabricated profits to build credibility with victims;
• Requesting additional payments under the pretext of “verification” or “withdrawal of funds”;
• Collection of sensitive personal documents (ID, photos), increasing the risk of misuse of personal data.
AKSK warns Albanian citizens that inclusion in this platform brings:
• Irrecoverable financial losses;
• High risk of privacy and digital identity violations;
• Possibility of further misuse of personal data by criminal networks.
Also, the National Cyber Security Authority reminds citizens that they should keep in mind that:
No unlicensed entity has the right to provide financial or investment services in Albania;
Promises of quick and guaranteed profits are a classic indicator of online scams;
No legitimate platform requires additional payments or personal data to withdraw funds. To protect themselves and others, AKSK calls on citizens not to conduct financial transactions with this platform, not to share sensitive personal data with unknown entities, and to immediately report suspicious cases.
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