Global Broker Regulation Inquiry App
About WikiFX
Broker Search
English

简体中文

繁體中文

English

Pусский

日本語

ภาษาไทย

Tiếng Việt

Bahasa Indonesia

Español

हिन्दी

Filippiiniläinen

Français

Deutsch

Português

Türkçe

한국어

العربية

Download
Resolved
Title: Vantage V-Wallet Severe Security Vulnerability: Funds Illegally Transferred Despite Enabled 2FA and Prior Warning
Object
vantage vantage
Issue

Others

Requirement

compensation

Amount

$545(USD)

Time

11day22hour

Mediation Status
Solved after user's confirmation
SOO PENG JOO

Sensitive Information

This content involves sensitive information, so it's hidden by WikiFX

Contact Broker
WikiFX Overseas Customer Service

Contact Broker

Verified
WikiFX Mediation Center

Verified

Start Mediation
SOO PENG JOO
Complaint Details: Trading Account: [23779278] Loss Amount: [USD 545.75] Platform Name: Vantage Event Statement: 1. Fundamental Failure of Platform Security Mechanisms (Platform security Failure) I am a day trader with a trading account at Vantage. I have strictly followed security requirements by enabling Two-Factor Authentication (2FA) and using an independent, high-security Google email account. However, on [3/4/2026], an unauthorized third party was able to bypass all security measures, log into my account, and transfer all funds from my trading account to V-Wallet and successfully withdraw them, without triggering any OTP verification code or 2FA authentication. 2. Platform Ignored Risk Warning (Prior Warning Ignored) I had previously explicitly informed Vantage internal personnel in writing that I did not need and did not trust the V-Wallet function, and clearly pointed out that this function was a major security vulnerability. However, the platform completely ignored my risk warning, refused to disable this function, ultimately leading to this loss of funds. 3. Suspicion of Internal Security Breach (Suspicion of Internal Compromise) My Google email account showed no alerts for logins from unfamiliar locations, proving my personal security measures were adequate. The fact that the funds were transferred can only mean: either there is a backdoor in Vantage's internal systems, or the transfer logic of V-Wallet itself allows bypassing the standard 2FA security protocol. The platform's safeguards for client funds are virtually non-existent. Demand: Since the platform failed to provide a secure trading environment and remained inactive after receiving a clear security warning from a client, leading to the illegal transfer of funds. I demand that the Vantage platform take full responsibility for this negligence and fully compensate me for my financial loss. Evidence Upload (Most Important Part): Evidence 1: Screenshots showing funds transferred to V-Wallet, and the final successful withdrawal record. Evidence 2: Key Evidence! Screenshots of your previous chat records or emails with internal personnel reporting "do not need V-Wallet\" or \"V-Wallet has a vulnerability\". This can prove the platform acted \"knowingly". Evidence 3: Screenshot of the backend showing 2FA enabled status.

Start Mediation

Statement:

1. The above content only represent personal view, do not represent WikiFX's position
2. Unauthorized reprints of cases in this platform are prohibited. Offenders will be pursued their legal obligations

To view more

Download the WikiFX App

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com