Posting for a friend as he is embarrassed of the scam and for the sake of potential scam victims

Gexertmax is registered company in labuan and claims to have a trading license from SEC Malaysia. This broker offers crypto trading

For my friend they were letting him withdraw from daily trading but then they lured him to ICO and mentioned that he needs to pay upfront commission before getting the profit out.

My suggestion would be to stay away. I can provide more info in the comments if needed.

I am adding more images below in comments

Labuan license



Scam message saying you cant get out your money until you pay first




numbers of their handler Lisa

Number 1 (this number is active at time of posting)




Bank account they use (hope someone can get these blocked)



This post has been edited by funkar: Jun 23 2025, 04:38 PM

do I need to say some more?

source: https://www.sc.com.my/investor-alert-list

got address? ask someone in labuan go knock on the door

Have added image in the original post

usually they like to use pretty girl to bait the victims LOL

for legit investment, commission all calculated in the fees arleady, no extra charges :X

found on ctos, that company is actually a construction company? :X
COMPANY DESCRIPTION
GEMAX PARTNER WORK SDN. BHD. was incorporated on 2025-04-29 in Malaysia with registration number of 1619920P / 202501018506. GEMAX PARTNER WORK SDN. BHD.'s business includes CONSTRUCTION OF BUILDINGS N.E.C.


incorporated on 9 Apr 2025, very fishy

GEMAX GLOBAL SDN. BHD. was incorporated on 2025-04-09 in Malaysia with registration number of 1616343T / 202501014928. GEMAX GLOBAL SDN. BHD.'s business includes INTERIOR AND EXTERIOR PAINTING OF BUILDINGS;PAINTING OF CIVIL ENGINEERING STRUCTURES


another similar name company, very fishy


This post has been edited by anakkk: Jun 23 2025, 04:47 PM

yes this looks weird.

This post has been edited by funkar: Jun 26 2025, 09:31 AM

ya, they will say they are in japan la, hk la, earn a lot la, then show their lavish lifestyle :X very fishy,

everyday will send good morning, how's your day LOL

Lol. RIP

Simple search on SC website could already tell you why this is a shady and illegal platform

Why la didnt make any research first

labuan - a big no

https://semakmule.rmp.gov.my/

4 reports on that bank acc

sounds like gigamax woi

The friend invested in early June. SEC notice came out late

This may be a syndicate. Found news on The Start Malaysia where they spelled the exchange name wrong

In a separate case, a 73-year-old former accountant suffered losses amounting to
RM855,001 after being duped by an online cryptocurrency investment scam syndicate
through the Gexertmax Exchange platform.

https://www.thestar.com.my/news/nation/2025...investment-scam

Gexertmax scam news on The Star Malaysia



Another friend reached out and mentioned another app doing the same thing in Malaysia called Stifelone App which is managed by Ruth Khoo and Kelvin Lee

Aparantely these guys also have a whatsapp chat and they get you by assigning high amount in IPO or FPO lottery and then block your account with your principal . I will be getting more info and will create another post