{"id":231,"date":"2024-03-25T10:53:25","date_gmt":"2024-03-25T10:53:25","guid":{"rendered":"https:\/\/watchoutscam.com\/?p=231"},"modified":"2025-01-19T13:21:15","modified_gmt":"2025-01-19T13:21:15","slug":"the-rise-fall-of-triumphfx-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/watchoutscam.com\/index.php\/2024\/03\/25\/the-rise-fall-of-triumphfx-ponzi-scheme\/","title":{"rendered":"The Rise &#038; Fall Of TriumphFX Ponzi Scheme"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"231\" class=\"elementor elementor-231\">\n\t\t\t\t<div class=\"elementor-element elementor-element-47c7980 e-flex e-con-boxed e-con e-parent\" data-id=\"47c7980\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ff13ab4 elementor-widget elementor-widget-heading\" data-id=\"ff13ab4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Triumph FX, TriumphX &amp; TRIX<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1563315 e-flex e-con-boxed e-con e-parent\" data-id=\"1563315\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a04b738 elementor-widget elementor-widget-text-editor\" data-id=\"a04b738\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>This article is going to take a view on what sort of scam the Triumph network was\/is.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cdc9eee e-flex e-con-boxed e-con e-parent\" data-id=\"cdc9eee\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f1f4944 elementor-widget elementor-widget-heading\" data-id=\"f1f4944\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Disclaimer<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f691c72 elementor-widget elementor-widget-text-editor\" data-id=\"f691c72\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Disclaimer:<\/strong><\/p><ul><li>All data on this page or website was gathered on <strong>25 March 2024<\/strong>, and may no longer be accurate or up-to-date.<\/li><li>All content represents <strong>personal opinions<\/strong> and should not be considered definitive statements, facts, or judgments. This website is intended for <strong>informational and educational purposes only<\/strong>.<\/li><li>We are not liable for any decisions, actions, or consequences that arise from reliance on our content. We encourage all readers to <strong>conduct their own research<\/strong> and seek professional advice where appropriate.<\/li><li>If you or your company believe you have been unjustly represented, please <strong>contact us<\/strong> at &#8220;<a href=\"https:\/\/watchoutscam.com\/index.php\/contact\/\">this link<\/a>&#8221; so we can review and, if necessary, amend our content.<\/li><li>All images, logos, and other content belong to their respective copyright owners and are used on this website under the principles of <strong>Fair Use<\/strong> for critique, commentary, and educational purposes.<\/li><\/ul><p><strong>Clarification:<\/strong><br \/>This disclaimer applies to all domains, subdomains, posts, pages, and content operated by us, including but not limited to:<\/p><ul><li>watchoutscam.com<\/li><\/ul><p>Just so there is no misunderstandting, we are talking about these domains:<\/p><p>https:\/\/www.tfxi.com\/en<\/p><p>https:\/\/secured.triumphfx.com\/login<\/p><p>https:\/\/www.triumphfx.com\/<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bda7b9b e-flex e-con-boxed e-con e-parent\" data-id=\"bda7b9b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7ea0106 elementor-widget elementor-widget-heading\" data-id=\"7ea0106\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Intro<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a9a4cee elementor-widget elementor-widget-text-editor\" data-id=\"a9a4cee\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Today we know that the triumph network is at worst a scam, in the least a super risky investment that is not or barely regulated with dozens of red flags.\u00a0<\/p><p>\u00a0<\/p><p>But how did Triumph got to this point where it is not triumphing at all, but instead loosing \/ lost a ton of money for its investors?<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3d0e111 e-flex e-con-boxed e-con e-parent\" data-id=\"3d0e111\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-aa49651 elementor-widget elementor-widget-heading\" data-id=\"aa49651\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">When I first heard of TriumphFX<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9303c23 elementor-widget elementor-widget-text-editor\" data-id=\"9303c23\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A friend of mine first pitched this investment opportunity, saying that she has a friend who is doing this investment for quite a while now, and apparently have earned a lot of money with it.<\/p><p>\u00a0<\/p><p>I never took part in this investment, as I wanted to wait until some people that I know that are part of Triumph have successfully withdrawn their money from them (profitably).\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d3de7b8 e-flex e-con-boxed e-con e-parent\" data-id=\"d3de7b8\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8f5729b elementor-widget elementor-widget-heading\" data-id=\"8f5729b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Basic concept of Triumph FX<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-27d3308 e-flex e-con-boxed e-con e-parent\" data-id=\"27d3308\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ed1af84 elementor-widget elementor-widget-text-editor\" data-id=\"ed1af84\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The basic concept is that you give them money, which they use to trade and the profits of the trades are deposited in your account.<\/p><p>\u00a0<\/p><p>And day by day you can see the earnings in your account, watching your portfolio increase constantly at a very good rate.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2adfdfc e-flex e-con-boxed e-con e-parent\" data-id=\"2adfdfc\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3e17a26 elementor-widget elementor-widget-heading\" data-id=\"3e17a26\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">So where is the catch?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f36b1d elementor-widget elementor-widget-text-editor\" data-id=\"3f36b1d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Triumph has a company that is regulated by CySec. Which gives a false sense of security (even though at one point this company lost it&#8217;s license from CySec).<\/p><p>Once they lure in the victim and sign the victim up with a deposit, they assign the victim to another offshore branch of the company (which is not regulated by anyone), so they can give false promises and fake numbers and so forth.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-87a7035 elementor-widget elementor-widget-text-editor\" data-id=\"87a7035\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Over time, Triumph couldn&#8217;t pay out everyone who invested and multiplied their money. For a while they could, from new investor money, but those returns that they were promising\/showing to existing investors were just simply not possible to uphold in trading.<\/p><p>So what do they do?<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-42fedaf e-flex e-con-boxed e-con e-parent\" data-id=\"42fedaf\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-82d947a elementor-widget elementor-widget-heading\" data-id=\"82d947a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">They create TriumphX coin!<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ac033e0 e-flex e-con-boxed e-con e-parent\" data-id=\"ac033e0\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-086c231 elementor-widget elementor-widget-text-editor\" data-id=\"086c231\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Now even if you gave them your USD, EURO, GBP and so forth, and the returns on your investment were shown in your respective currency in your account, the only way you will be paid is through their TriumphX coin.\u00a0<\/p><p>\u00a0<\/p><p>This coin supposed to have a value close to dollar, so its all right, right?<\/p><p>\u00a0<\/p><p>Well not really. First and foremost they control the supply, and who do they give the majority of the supply? To the owners.\u00a0<\/p><p>\u00a0<\/p><p>This means that the owners can take their money out by converting TriumphX coin to a national coin first (so they get the best returns on the exchange rate).\u00a0<\/p><p>\u00a0<\/p><p>As more people try to withdraw their money (assumably after the owners), the more the price of TriumphX coin gets pushed down. So much so that people eventually trying to take out their money are taking out money at an enourmous loss.<\/p><p>\u00a0<\/p><p>Even if you invested 1000 USD at first, which went up to 30000 USD, taking out that 30000 USD is possibly only through their Crypto coin, which will net you 100-300 USD (its an example).\u00a0<\/p><p>\u00a0<\/p><p>Everybody looses, who wins? They owners, as they are not obliged to pay you in the currency of your initial investment, but instead through their shitcoin TriumphX, which is free for them to create (but the more is created and added to the marketplace, the less its value is).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bfbe2ea e-flex e-con-boxed e-con e-parent\" data-id=\"bfbe2ea\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-190a068 elementor-widget elementor-widget-heading\" data-id=\"190a068\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What now?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f32f0ef elementor-widget elementor-widget-text-editor\" data-id=\"f32f0ef\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Blame the decrease of your shitcoin&#8217;s value on speculators! Tell your investors that all they need to do is buy more of your shitcoin to push the value up. Start a protest or a petition. Problem solved! And you can simply go an wash your hands from all the dirty you did.<\/p><p>\u00a0<\/p><p>Petitions: <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.ipetitions.com\/petition\/petition-to-take-action-to-drive-tex-price-up\"><strong>https:\/\/www.ipetitions.com\/petition\/petition-to-take-action-to-drive-tex-price-up<\/strong><\/a><\/span><\/p><p>\u00a0<\/p><p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.petitions.net\/petition_to_restore_the_tfx_tokens_at_par_value_with_usdt_with_immediate_effect\"><strong>https:\/\/www.petitions.net\/petition_to_restore_the_tfx_tokens_at_par_value_with_usdt_with_immediate_effect<\/strong><\/a><\/span><\/p><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b249573 e-flex e-con-boxed e-con e-parent\" data-id=\"b249573\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>How to scam your investors with plausible deniability.<\/p>\n","protected":false},"author":1,"featured_media":237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/watchoutscam.com\/index.php\/wp-json\/wp\/v2\/posts\/231"}],"collection":[{"href":"https:\/\/watchoutscam.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/watchoutscam.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/watchoutscam.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/watchoutscam.com\/index.php\/wp-json\/wp\/v2\/comments?post=231"}],"version-history":[{"count":16,"href":"https:\/\/watchoutscam.com\/index.php\/wp-json\/wp\/v2\/posts\/231\/revisions"}],"predecessor-version":[{"id":471,"href":"https:\/\/watchoutscam.com\/index.php\/wp-json\/wp\/v2\/posts\/231\/revisions\/471"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/watchoutscam.com\/index.php\/wp-json\/wp\/v2\/media\/237"}],"wp:attachment":[{"href":"https:\/\/watchoutscam.com\/index.php\/wp-json\/wp\/v2\/media?parent=231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/watchoutscam.com\/index.php\/wp-json\/wp\/v2\/categories?post=231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/watchoutscam.com\/index.php\/wp-json\/wp\/v2\/tags?post=231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}