Security Advisory (September 2025) – Unauthorised Misuse of iFAST Branding Targeting Chinese-Speaking Investors
Have you received unexpected calls, emails, or text messages claiming to be from iGB, FSMOne or iFAST? Please be cautious! These may be scams attempting to misuse our brand name.
iFAST has been alerted to fraudulent activities misusing our brand in China, with related cases also reported in Hong Kong and potentially Singapore. These scams specifically target Chinese-speaking investors, using deceptive tactics to mislead affected investors into believing they are dealing with legitimate iFAST entities.
If you are ever in doubt, we strongly encourage you to verify the authenticity of such requests before taking any action. You may contact us through our official social media channels, including LinkedIn, Instagram, YouTube, and Xiaohongshu, for confirmation and updates.
We encourage all investors to stay alert and carefully verify any information to safeguard your rights and interests, and to prevent unnecessary financial loss. If you suspect that you have been defrauded or have incurred losses, please contact the local authorities promptly.
Unauthorised Misuse of iFAST Branding: ‘新立众’ Case Under Investigation by Local Police in China
An entity named “新立众” has been falsely claiming association with iFAST and misusing the name “奕丰金融”, which closely resembles our official Chinese name. For further details, please refer to the June 2025 edition of our Security Advisory.
This matter has since drawn the attention of local authorities. On 27 June, the Police of Xianju County, Zhejiang Province, announced that “新立众” was under investigation for suspected pyramid scheme activities. Investors who had used the fraudulent “奕丰金融” platform were asked to register their cases with the police to assist in the investigation.
In early July, affected investors attempting to withdraw funds from “新立众” discovered that their accounts had been frozen. Members of the “新立众” chat group then received messages from the entity claiming that although accounts on the China platform were suspended, they had been transferred to a Hong Kong 奕丰金融 platform.
Individuals involved were told that to unlock their accounts, they needed to deposit an additional USD 500–1,000 within 24 hours. These demands were linked to a fake “奕丰香港平台” and were accompanied by fraudulent app download links.
The scammers also fabricated a false Hong Kong iFAST office using the name “奕豐投資平臺服務(香港)有限公司”. They published a misleading Google address with the wrong location but included a real iFAST number to trick investors into believing the scam was authentic.
A few weeks later, some affected investors were again misled, this time being told that their assets in Hong Kong were “under regulatory restriction” and had to be transferred to a fabricated “新加坡奕丰金融” platform. The same scam tactic was repeated, requiring victims to top up additional funds in order to regain access to their accounts.
New Potential Scam Identified
Separately, in late August, a new case was reported by an investor from mainland China. An individual claiming to be part of iFAST’s China senior management contacted the investor via WhatsApp, using Hong Kong and Singapore registered phone numbers.
The scammer promoted the purchase of gold through a third-party platform, which appeared to be fraudulent, falsely claiming it was recommended by iFAST. The investor was encouraged to trade on this fraudulent platform under the pretence of a safe and reliable investment opportunity.
Fortunately, this investor reached out to us before transferring any money, and we acted quickly to confirm it was a scam, thereby preventing any financial loss.
Official iFAST Contact Information
For your protection, please use only the official channels listed below for communications and transactions with iFAST. If you have any concerns, reach out directly to the nearest iFAST office or contact the local police.
Always verify the authenticity of the information you receive and exercise caution before transferring any funds.
China: iFAST Financial China Limited
Shenzhen Office Location:
Suite 1704, 17/F, Aerospace Science and Technology Square Tower A, Haide 3 Road, Nanshan District, Shenzhen 518054, PRC
深圳市南山区海德三道航天科技广场A座17楼1704室, 邮编 518054
Shanghai Office Location:
Unit 2207, The One Business Centre, No. 68 Yincheng Middle Road, Pudong New District, Shanghai 200120, China
浦东新区银城中路68号时代金融中心2207, 邮编 200120
Hong Kong: iFAST Financial (HK) Limited
- General Hotline: +852-3766 4399
- Office Location: Suite 702, Tower 5, The Gateway, Tsim Sha Tsui, Hong Kong
Singapore: iFAST Corporation Limited / iFAST Financial Private Limited
- General Hotline: +65-6535 8033, +65-6557 2853
- Office Location (i) : 10 Collyer Quay, #26-01, Ocean Financial Centre, Singapore 049315
- Office Location (ii) : 50 Raffles Place, #36-01 Singapore Land Tower, Singapore 048623
Malaysia: iFAST Capital Sdn Bhd / iFAST Global Hub Ai Sdn Bhd
- General Hotline: +603-2149 0500, +603-2149 0600
- Office Location: Level 28, Menara AIA Sentral, No. 30, Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia
United Kingdom: iFAST Global Bank Limited
- General Hotline: +44 2081813670
- Office Location: SQB, 77 Marsh Wall, London E14 9SH
IMPORTANT:
The official URL link of iFAST Corporation Ltd. is www.ifastcorp.com
For any doubt or clarifications, please reach out to iFAST Corp at ir@ifastfinancial.com
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