03 October 2022

FMA recommends caution when dealing with Whitcoin

FMA recommends caution when dealing with Whitcoin and their websites, whitcoinex.com and whitcoinpro.com.

We have received a report about Whitcoin unreasonably withholding client funds.

The websites are not registered Financial Service Providers in New Zealand. They are using details of a legitimate entity, WazirX without permission and falsely claiming that WRX is their token. WazirX created WRX and have confirmed that they have no association with Whitcoin or its websites.

Entity name: Whitcoin
Websites: whitcoinex.com; whitcoinpro.com
Email: [email protected]