Warning – Australia’s regulator, Australian Securities and Investments Commission has reported Quantum AI
Many people have seen promotional ads on platforms now claiming that they have a revolutionary trading platform called Quantum AI. In fact, many of these ads include deepfake videos inserted into them that show various celebrities, such as Elon Musk and Martin Lewis, who guarantee people daily profits through the Quantum AI trading platform. However, multiple regulatory authorities around the world are warning that this specific platform falls into the high-risk category of scams.
Before you deposit any money, here is the essential information you need to protect your finances.
Critical Warning: Global Regulators Flag Quantum AI
It is necessary to note that Quantum AI does not, in fact, possess any licenses for providing financial services. Moreover, regardless of what the media has claimed or even if it did work, it could not be considered a breakthrough in technology; instead, it is regarded by regulatory agencies as an illegal operation that seeks to take advantage of people through deception and trickery.
The following major regulatory bodies have issued formal warnings against Quantum AI:
- FCA (United Kingdom): The Financial Conduct Authority warns that this firm is providing financial services without authorization.
- ASIC (Australia): The Australian Securities and Investments Commission has added Quantum AI to its “investor alert list” as an unlicensed entity.
- FCAA (Canada): The Financial and Consumer Affairs Authority of Saskatchewan warns that Quantum AI is not registered to sell securities.
The Problem with the Website
The digital footprint of the platform is a cause for concern. The primary domain name, quantumai.co, is often flagged as “not working” or essentially offline. Scammers typically use this method to avoid arrest when law enforcement agencies shut down one site. They create multiple variations of the same site on many mirror domains with slightly different URLs to actively target more potential victims.
How the Quantum AI Scam Works
The scam typically follows a specific “hook, line, and sinker” process to gain a victim’s trust:
- The Hook (Fake News): You see a social media ad or a fake news article (impersonating the BBC or CNN) claiming that a celebrity has discovered a “wealth loophole.”
- The Line (The Initial Deposit): Users are asked to deposit a small amount—usually around $250 or £250—to activate the “AI algorithm.”
- The Sinker (The Fake Dashboard): Once you pay, the platform shows a fake dashboard where your “balance” appears to grow rapidly. This encourages you to invest thousands more.
- The Ghosting: When you try to withdraw your money, the platform demands “withdrawal fees” or “taxes.” Eventually, they stop responding entirely.
Frequently Asked Questions
Is Quantum AI legitimate?
No. Quantum AI is not a legitimate trading platform. It is an unauthorized entity flagged by the FCA and ASIC for fraudulent activity.
Can I get my money back from Quantum AI?
Recovering funds is challenging because scammers frequently transfer money into offshore cryptocurrency wallets. However, if you paid via credit card or bank transfer, you should contact your bank immediately to request a chargeback or dispute the transaction.
Why do celebrities appear to endorse it?
Scammers use deepfake technology-AI-generated videos that look and sound like real celebrities. People like Elon Musk and Bill Gates have never endorsed this platform.
Lost Money to a Scam? Take Action Now
If you have already shared your data or lost money to an unregulated platform like Quantum AI, you don’t have to face it alone. Professionals can help you navigate the complex process of tracing lost funds and filing the right paperwork.
Visit Truclaim.tech today to get a free consultation on how to recover your assets and protect your identity from further fraud.
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