Collapsed already?...
As of now, still Not yet, as of now they are still coming out with new funds..
( few pages back there was a mentions of new funds). invest now is "cheaper" by 70% than if you had 2 months ago.

Collapsing? ....maybe, but I would place my bet on a yes
Not collapsing? ....maybe, but I would not want to place my bet on it as it would cost me 1000 usd to find out.

After just locked some selected IBs from selling, ...it moved up by 9%.
If it were to continue lock on others...more % will go ups...
If it were to continue to lock on more ranks and files, ...then up up all the way the China space station.



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Yes, ...now 0.35 (+23% now, in just under 10 minutes up another 14% from 9% earlier) up up to the Moon they said...

Just becareful yah,....the higher it goes the harder it will fall

This post has been edited by MUM: Jan 6 2023, 03:54 PM


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Hopefully it is only temporarily and only affected some % of the accounts holders, else if all 2.2 million accounts holders of both triumphfx and tfxi impacted for a prolonged periods, ....then, very not good scenario.

Hope you can keep us informed when you can withdraw your usdt again. Thks

If the coins reached 0.80 and they are then allowed to sell, ...Will it drop back down again?

Will it then stop the withdrawal again??

When one has sell button locked, cannot sell if below 0.80. He would have to scam others so that he could escape....

Newcomer die better than he die...

Better do it fast, before the next lock down

just out of curiosity, i read and found this info to be of interest....

Triumphfx already mentioned "Trading carries high risk and return is NOT guaranteed"

Triumphfx also mentioned that they only facilitates ....(providing the service of doing the deposit and withdrawal. And since Triumphfx is a Forex Broker,.... it allows the FMs to trade through Triumphfx)

Triumphfx also mentioned many things are not their responsibility.

so if and when it burst,...those investors that wanted to sue, who should they go look for to serves the legal papers?



https://www.tfxi.com/en/products/fund-management


will it be something like this?
“Agarwood Originals Malaysia Bhd is not involved in the agarwood project in Thailand at all,” it said, adding that any dispute was strictly a contractual matter between the individuals involved and the Singapore company.

Agarwood Originals Malaysia Bhd added that it had been wrongly implicated as a party in a number of actions filed in court.

“We are vigorously defending these frivolous claims to clear our name, which has resulted in some of the actions being struck out or stayed, pursuant to the mandatory arbitration clause in the sale and purchase agreements entered into between them and (the Singapore company),” it said.

Malaysian agarwood company distances itself from RM22mil ‘scam’
https://www.freemalaysiatoday.com/category/...m-rm22mil-scam/

Will Triumphfx says something like this?....(this is just an example and is not an actual one...just in case you want to ask)
“Triumphfx is not directly involved in the now defunct fund management project in Malaysia at all,” it said, adding that any dispute was strictly a contractual matter between the individuals involved and those of the investors' FMs and its networks.

Triumphfx added that it had been wrongly implicated as a party in a number of actions filed in court.

“We are vigorously defending these frivolous claims to clear our name, which has resulted in some of the actions being struck out or stayed, pursuant to the mandatory arbitration clause in the sale and purchase agreements entered into between them and (the FM and its network),” it said.

anyway,...Triumphfx does not have a registered entity in Malaysia,...so nothing for them to say to Malaysia except they want to tell it to the China audiences.... ha-ha
New place for new fishing grounds. New fishing ground will have new fishes to catch.



This post has been edited by MUM: Jan 7 2023, 05:05 PM


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Yes, you are right...

so bye bye Malaysians...

But just hopefully those FMs did not take in members from Cyprus or Seychelles....
they are registered entity in those countries.
But since Triumphfx had already mentioned it is NOT their responsiblity,...then i guess it does not matter if members are from Cyprus or Seychelles too

This post has been edited by MUM: Jan 7 2023, 05:17 PM

Is the 10 millions usd per day withdrawal limitations by the banks solved??

while they are said to be trying to save the value of tfx, they locked some from selling and heavily suggesting investors to keep on buying tfx..

While they did not solve the 10 millions usd daily banks limitation issues that they blamed to be the reasons fir the withdrawal delay issues that plaqued them for months.

Which ponzi will do that?....perhaps those that try to get more $$ usd in while they slowly (due to banks limitation issues), siphoning money out of the vaults?

How long do you want to spend making that extra million?

I guess you are probably right about that.....for in under an hour after your post, it continued to drop by another 17%
As of now, it is -35% since 24 hr ago.




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Oops, in under 30 minutes, it had gone up by 20%.
Now is just -10% since 24hr ago

Damned, in under few minutes it goes down again...now is -30% since 24 hr ago.

Wow, this is better than the returns from the funds.

Not so good for those Selected IBs that wanted to sell but got their sell button locked until it reached 0.80.

This post has been edited by MUM: Jan 10 2023, 01:38 AM

If "forever", is the case scenario, then tfxi made 2 billions buta buta. Old previous investors loses 20% of their aum.
10 billion usd aum = 10 billion usdt at 1:1
Now if forever is only 0.8 ...then they make 0.2 for each tfx they issued tfx and converted to their members at 1:1 rate during the initial start of coins system.

Nah, I think it will be lesser than that, for if they can make 2 billions, they can make 4 billions too....just let the existing investors aum slashed by 40%.

As most if them had been just letting their money roll over inside and got no choice. They cannot blame tfxi for the low tfx price as tfxi had already put the blame on those speculators, not true investors, saboteurs from competitors, etc etc....and they believed it.

Making the price low is also a good marketing propaganda. "Buy now is cheaper, more to gains when it goes back to 1:1."
"A true believer like those that had seen and experienced how tfxi performed for the last 13 years, should never miss this chance to buy at low."

This post has been edited by MUM: Jan 10 2023, 08:43 AM

I guess those that are stuck by seeing their networth slashed by 70% and those big fish that got their sell button locked ....... hope is their only choice they hv.... hope that it can goes back to 1:1. Then they will once again be huat huat again.....

I hope their hope can be achieved not later later than 2026. As there will be more scrutiny of money coming from overseas once govt start the FSI. 2025 is the year they should at least try to start repatriate the money back.. Those that had more than 1 million should start early....1 month get 100k back from overseas will just 1.2 million a year.... 100k each month for a year, ...Will bnm query?

Thanks for telling,
So even if crypto are converted to fiat money in Malaysia, ... those transactions will not be noticed by bnm or your local banks won't flagged it as suspicious transaction and tell bnm?
Those big items purchased with those fiat money in Malaysia, will they be flagged by lhdn?

Crypto to fiat money?? Will it be more closely watched by the authorities under amla (anti money laundering act)?


This post has been edited by MUM: Jan 10 2023, 09:38 AM

May not hv to be "at a single transaction"
Got this from the web, ...

In the report, BNM noted that physical cash remains widely exposed to abuse by individuals in instances of corruption, fraud, smuggling, drug trafficking and organised crimes. One such form of abuse is called “smurfing”.

What is “Smurfing”?
Smurfing is a colloquial term used to describe a person (or a money launderer) who seeks to evade scrutiny from institutional bodies, such as banks, who are receiving such money by breaking up large transactions into a set of smaller transactions (also known as ‘structuring’) that are each below the reporting threshold as required by AMLA.

I believes smurfing is an offence under anti-money laundering legislation.

Thanks, ...hv some ponders....


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Is there a limits for p2p to personal bank account that can be transacted per day or per month or number of transactions per month without being flagged in malaysia?
I think there had been some postings in some of the thread in lyn about bank accounts being frozen in malaysia.