MP appoints Public Prosecutor 24 to investigate the administrators of the IJEX HV Platform

Published at: 17/04/2025 04:07 PM

The Attorney General of the Republic, Tarek William Saab, reported that the Public Ministry (MP) appointed the 24th National Prosecutor's Office, with competence in Common Crimes, to investigate and punish the administrators of the IJEX HV Platform because this investment system was structured as a ponzi scheme.

Through the entity's social networks, it was announced that the platform was disconnected, “which caused property damage to many victims who invested in cryptocurrency.”

According to complaints published on digital platforms by those affected, the funds they had in their account disappeared on Monday, April 14.

The HV IJEX was presented as a cryptocurrency investment platform where high returns could be achieved in a short time. According to their website, they are regulated in the US and have operations in 52 countries, including Venezuela and several spread across regions such as South America, North America, the Middle East, Asia, Europe and Africa, VTV reports.

The platform promised to overcome economic, time, capital, knowledge and technology barriers, by forming a community of global investors to generate shared income.

The scam worked in a simple way, to capture the “investor community” in which they had to invest 300 USDT (a stablecoin pegged to the dollar that can be obtained on Binance) and the platform promised that those USDT would double in value in approximately 40 days, and at that time the investor could withdraw their profits.

But to make money double, the platform sent signals to investors; these signals supposedly consisted of key information to buy a cryptocurrency at a certain time of day and sell it at another time of day. However, this was nothing more than a delusion.

The signals were based on changes in the price of cryptocurrencies that weren't actually real. The platform manipulated graphics to make users believe that they earned money by buying and selling cryptos.

The reality is that the profits that some of the first to invest could see came from the money of the new people who joined the platform. It was a pyramid scheme in which, when the rate of entry of new investors slowed down, everything was going to fall, as it finally happened.

Mazo News Team