Tantin Exchange（TTX）准备发射，承诺“数百万”和“零风险”，但其创始人Yu Lingxiong有争议的历史

几个社交媒体帖子一直在促进菲律宾Tantin Exchange（TTX）的即将推出和空投，但其创始人Yu Lingxiong激起了争议

With additional reports by Nathaniel Cajuday

Nathaniel Cajuday的其他报告

Several social media posts have been promoting the upcoming launch and airdrop of the Tantin Exchange (TTX) in the Philippines, but its founder, Yu Lingxiong, has stirred controversy due to reported involvement in multi-level marketing (MLM) and pyramid schemes. The platform was also marketed in Cambodia and was flagged as unregistered.

几个社交媒体帖子一直在促进菲律宾Tantin Exchange（TTX）的即将推出和空投，但其创始人Yu Lingxiong因报道参与多层营销（MLM）和金字塔方案而引起了争议。该平台还在柬埔寨销售，并被标记为未注册。

Tantin Exchange in PH

pH中的坦汀交换

According to social media posts, Tantin Exchange is set to launch in the Philippines on May 8, 2025, at 9 p.m., accompanied by an ongoing airdrop offering 100 $CTC with “no strings attached.”

根据社交媒体帖子，Tantin Exchange定于2025年5月8日晚上9点在菲律宾推出，并伴随着正在进行的Airdrop，提供100美元的CTC，并带有“无绳子”。

$CTC is the native token of TTX and is distributed as an airdrop reward to those who will register on its platform.

$ CTC是TTX的本地令牌，并将其作为空投奖励分发给那些将在其平台上注册的人。

Based on promotional materials, the exchange is being marketed as the project that will “break the chains of poverty” in the Philippines.

根据促销材料，该交易所被销售为菲律宾“破坏贫困链”的项目。

The posts also claimed that participants could earn “referral bonuses of 3 $CTC up to 30 levels” and promoted the platform with the phrase “make millions with zero investment.” They have also been encouraging individuals to join Zoom meetings as a way to further draw them into the platform.

这些帖子还声称，参与者可以赚取“转介奖金3 $ CTC高达30个级别”，并以“以零投资为零的数百万美元”来促进该平台。他们还鼓励个人参加Zoom会议，以进一步吸引他们进入平台。

Some posts also claim that $CTC will be listed at approximately $1 in fiat. They further promote TTX as a “big exchange,” emphasizing that it has no presales, no public sales, no deposits, and no investments, and touting it as “no risk” and “no scam.”

一些帖子还声称，$ CTC的菲亚特大约为1美元。他们进一步推广了TTX作为“大型交流”，强调它没有预售，没有公共销售，没有存款，也没有投资，并将其吹捧为“无风险”和“无骗局”。

As of this writing, Tantin’s $CTC is not yet listed on cryptocurrency aggregators CoinGecko and CoinMarketCap. The only $CTC that exists is the native token of Creditcoin, a blockchain-based interoperable lending protocol, as defined by OKX Learn.

截至撰写本文时，Tantin的$ CTC尚未在加密货币聚合器Coingecko和CoinMarketCap上列出。唯一存在的$ CTC是CreditCoin的本地令牌，信用量是一种基于区块链的可互操作贷款协议，如OKX Learn所定义。

As Compared to SEC-Charged Forsage

与SEC指控的距离相比

In 2022, the U.S. Securities and Exchange Commission (SEC) filed charges against 11 individuals involved in Forsage, a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from millions of retail investors worldwide.

2022年，美国证券交易委员会（SEC）对参与Forsage的11个人提出了指控，该涉及欺诈性加密金字塔和PONZI计划，从全球数百万零售投资者那里筹集了超过3亿美元的资金。

Initially, Forsage claimed to be the world’s first 100% decentralized crowdfunding platform.

最初，Forsage声称是世界上第一个100％分散的众筹平台。

Forsage and Tantin Exchange share operational similarities, both relying on referral-based incentives and recruitment-driven growth. While Forsage has been exposed as a fraudulent scheme, TTX’s unclear structure and marketing tactics raise concerns.

Forsage和Tantin Exchange共享运营相似性，均依赖于基于推荐的激励措施和招聘驱动的增长。虽然Forsage已被视为一种欺诈计划，但TTX的结构和营销策略不清楚。

It should be noted that Forsage presented itself as a decentralized finance platform using smart contracts, while TTX markets itself as a crypto exchange and token project.

应当指出的是，Forsage使用智能合约将自己作为一个分散的财务平台表现出来，而TTX将自己作为加密交易所和代币项目推销。

The SEC operated a matrix system where new investors’ funds were used to pay earlier participants, promising earnings through “spillovers,” while TTX promoted $CTC and offered recruitment bonuses but lacked transparency on its revenue model.

SEC运营了一个矩阵系统，在该系统中，新投资者的资金被用来向较早的参与者支付，并通过“溢出”提供了收益，而TTX促进了$ CTC并提供了招聘奖金，但其收入模型缺乏透明度。

In terms of promotion, Forsage leveraged social media to spread its message, claiming risk-free and “endless” earnings through smart contracts. TTX also used marketing, including promotional videos and virtual meetings, to further encourage prospective traders.

在晋升方面，Forsage利用社交媒体传播其信息，声称通过智能合同声称无风险和“无尽”的收入。 TTX还使用了营销，包括促销视频和虚拟会议，以进一步鼓励潜在的交易员。

Forsage lacked a real product or business model; accordingly, TTX raises similar concerns with its focus on recruitment, unclear revenue model, and promises of high returns.

Forsage缺乏真正的产品或商业模式；因此，TTX将重点放在招聘，不清楚的收入模型和高回报的承诺方面引起了类似的关注。

The Philippine SEC issued a cease and desist order against Forsage in 2020 for illegally soliciting unregistered crypto investments through a crowdfunding scheme.

菲律宾SEC在2020年通过众筹计划非法征集未注册的加密货币投资，对Forsage发出了停止命令。

In 2022, the U.S. SEC cited the Philippine SEC’s early action in its case against Forsage, which had defrauded investors of over $300 million globally through a crypto-based pyramid and Ponzi scheme. Accordingly, the local commission praised the U.S. SEC for charging Forsage’s leaders.

2022年，美国SEC在针对Forsage的情况下引用了菲律宾SEC的早期行动，该行动通过基于加密的金字塔和庞氏骗局在全球范围内欺骗了超过3亿美元的投资者。因此，当地委员会称赞美国国会议收取福斯的领导人。

Yu Lingxiong and TTX Issue in Cambodia

柬埔寨的Yu Lingxiong和TTX问题

Lingxiong, a China-born Cambodian national, was noted to be under scrutiny for his alleged involvement in multiple pyramid schemes in China.

中国出生的柬埔寨国民林Xiong因涉嫌参与中国多种金字塔计划而受到审查。

He reportedly founded a Chinese business association in Cambodia that sponsors the China-Cambodia Volunteer Team, now entangled in controversy after one of its members, Chen Baorong, was detained for allegedly helping fabricate the widely publicized but now-discredited “blood slave” story involving Chinese national Li Yayuanlun.

据报道，他在柬埔寨建立了一个中国商业协会，该协会赞助了中国 - 堡志愿团队，该团队在其一名成员陈·鲍隆（Chen Baorong）被拘留之后被纠缠在争议之后，被拘留，据称涉嫌帮助涉及涉及中国国家li yayuanlun的广泛宣传但现在被宣传的“血液奴隶”故事。

Moreover, an X post by the account CyberScamMonitor, a tracker of online scam and gambling operations in Southeast Asia, highlighted Lingxiong’s resurfacing in Cambodia last month, where he is now promoting a new project, Tantin Exchange, and its associated token, $CTC. Promotional videos showing TTX operating from Morgan Tower prompted a notice from Morgan stating the exchange is unlicensed, its lease has been terminated, and power to the premises has been cut.

此外，在线骗局和东南亚赌博业务的跟踪器Cyber​​sCammonitor的X帖子强调了Lingxiong上个月在柬埔寨的重新铺设，他现在正在推广一个新项目Tantin Exchange，tantin Exchange及其相关的代币，$ CTC。宣传视频显示了从摩根大厦（Morgan Tower）运行的TTX，促使摩根（Morgan）通知该交易所未经许可，其租约已被终止，并削减了该场所的权力。

In 2023, CyberScamMonitor pointed out that he registered five companies under the Tantin brand and recently launched the platform, which is now being heavily promoted on social media in Cambodia.

2023年，网络官员指出，他在Tantin品牌下注册了五家公司，并最近推出了该平台，该平台现在正在柬埔寨的社交媒体上大力推广。

Further, Yu, who became a Cambodian national in 2017, had past ties to scam-linked

此外，Yu于2017年成为柬埔寨国民，他过去曾与骗局联系在一起