Recently, reports have surfaced accusing the trading platform GLOBTFX of engaging in transactions involving so-called "air coins." These coins are often untraceable in the market and may lack any intrinsic value. The issue has sparked widespread concern and underscored the importance of protecting investors' rights.

Multiple users have alleged that GLOBTFX facilitates trading in "air coins," which are unlisted on mainstream platforms and potentially devoid of real value. Victims have reported experiencing significant financial losses due to price manipulation by the platform, with some even having their accounts frozen.

Mr. Samad, one of the victims, revealed that he traded a virtual currency called CNX/USDT on the GLOBTFX platform. This coin was untraceable on other markets and experienced sharp price fluctuations in a short period, causing him to lose nearly $15,000.

Many other victims shared similar experiences, suspecting the platform of controlling the prices of "air coins" to lure users into trading and profiting from it. Experts have warned users to withdraw funds immediately if they encounter platforms offering "air coins" to avoid falling victim to scams.

A Premeditated Scheme

The losses incurred by users on the GLOBTFX platform may not be coincidental but rather the result of a deliberate scheme. By manipulating the prices of "air coins," the platform created a high-risk, volatile trading environment designed to lead users into financial traps. According to transaction records provided by users, these coins exhibited abnormal price movements under the platform's control, resulting in frequent liquidation and losses for investors, while the platform profited from fees and margins. This "carefully orchestrated" model has reportedly pushed hundreds of users into financial distress.

What Are "Air Coins"?

"Air coins" refer to virtual currencies with no intrinsic value, often untraceable in public records or exchanges. Such coins are frequently exploited by unscrupulous platforms under the guise of "creating market liquidity" but are, in fact, tools for market manipulation and illicit profit.

Manipulated Coin Prices, Massive Client Losses

According to multiple investors, GLOBTFX allegedly manipulates the value of "air coins" to create sharp price swings, causing significant financial losses for its clients during trades.

How Can Users Protect Themselves?

Investors who suspect they may have fallen victim to an "air coin" scam should take the following actions:

1. Choose Regulated Platforms: Only trade on platforms supervised by reputable authorities.

2. Verify Coin Authenticity: Check coin information on trusted platforms like [CoinMarketCap](https://coinmarketcap.com/) to ensure the coin has legitimate trading data.

3. Beware of High-Return Promises: Any claims of high returns with no risk are likely scams.

4. Educate Yourself: Stay informed about industry trends through credible news sources to enhance your judgment.

5. Exit Suspicious Platforms Quickly: Withdraw funds immediately from platforms suspected of trading "air coins."

A Call for Market Purification and Rational Investing

The cryptocurrency market remains in a phase of rapid development, with legitimate projects driving technological and financial integration. However, malicious actors using fraudulent schemes like "air coins" disrupt market order and harm investor interests.

We urge investors to exercise caution when choosing trading platforms and cryptocurrencies. Opt for platforms with a strong reputation and stringent regulatory oversight. Additionally, conducting thorough due diligence on project backgrounds is crucial to avoid falling into scams while chasing high returns.

The allegations against GLOBTFX regarding "air coin" trading continue to escalate. Legal experts recommend users take immediate steps, such as preserving transaction records, reporting to financial regulators, and seeking legal assistance if necessary. Collective action could help victims recover some losses while promoting market purification and preventing further harm.