
What We Are Investigating?
Our firm is launching a comprehensive investigation into VHNX over allegations that it has been suppressing critical reviews and unfavorable Google search results by fraudulently misusing DMCA takedown notices. These actions, if proven, could constitute serious legal violations—including impersonation, fraud, and perjury.
We conducted comprehensive analyses of fraudulent copyright takedown requests, meritless legal complaints, and other unlawful efforts to suppress public access to critical information. Our reporting sheds light on the prevalence and modus operandi of a structured censorship network, often funded and used by criminal enterprises, oligarchs and criminal entities seeking to manipulate public perception and bypass AML checks conducted by financial organisations.
The fake DMCA notices in this investigation appears to have been strategically deployed to remove negative content from Google search results illegally. Based on this pattern, we have reasonable grounds to infer that VHNX - or an entity acting at its behest - is directly or indirectly complicit in this cyber crime.
In most such cases, such ops are executed by rogue, fly-by-night 'Online Reputation Management' agencies acting on behalf of their clients. If evidence establishes that the subject knowingly benefited from or facilitated this scam, it may be deemed an 'accomplice' or an 'accessory' to the crime.

What are they trying to censor
VHNX has emerged as a platform offering forex and CFD trading services. Operating from Saint Vincent and the Grenadines, VHNX positions itself as a gateway for both novice and seasoned traders seeking diverse financial instruments. However, beneath its polished exterior lies a series of red flags that potential investors and traders should approach with caution. Compounding these concerns are allegations that FSM SMART, an affiliated entity, is actively working to suppress critical information, raising ethical and legal questions about their operations.
Regulatory Concerns: The Saint Vincent and the Grenadines Enigma
VHNX operates from Saint Vincent and the Grenadines (SVG), a jurisdiction known for its lenient regulatory environment. While SVG registration might suggest legitimacy, it doesn’t necessarily equate to stringent oversight. This distinction is crucial, as the lack of robust regulation can leave traders vulnerable to unethical practices. Moreover, the Financial Markets Authority (FMA) of New Zealand has issued warnings against VHNX, highlighting concerns about the platform’s operations and its unlicensed status in certain jurisdictions.
Opaque Operational Practices: The VHNX Business Model
VHNX’s operational transparency is, to put it mildly, lacking. The platform’s website features logos of Visa, MasterCard, and Bitcoin, suggesting these are accepted payment methods. However, without access to the client area, it’s impossible to confirm the availability or terms of these payment options. This ambiguity extends to their bonus structures and fee disclosures, with vague terms that could potentially trap unsuspecting traders. Such opacity raises concerns about the platform’s commitment to clear and honest communication with its users.
FSM SMART’s Alleged Information Suppression: A Deepening Mystery
Adding another layer of complexity to the VHNX saga is FSM SMART, an entity reportedly affiliated with VHNX. Allegations have surfaced suggesting that FSM SMART is actively working to suppress negative information about VHNX. This includes attempts to remove critical reviews and articles, raising ethical and legal concerns about their commitment to transparency and honesty. Such actions not only undermine trust but also suggest a concerted effort to manipulate public perception, potentially at the expense of uninformed investors.
The Fine Line Between Marketing and Misrepresentation
VHNX’s marketing strategies tread a fine line between promotional enthusiasm and potential misrepresentation. The platform’s advertisements often depict a rosy picture of trading success, with promises of high returns and minimal effort. However, these promotions rarely highlight the inherent risks associated with trading or provide adequate educational resources to prepare traders for the realities of the market. This selective presentation of information can lead to misguided expectations and financial losses, especially among inexperienced traders.
Financial Transparency: The Elephant in the Room
Financial transparency is a cornerstone of trust in the trading world, and VHNX’s record in this area is questionable at best. The platform’s financial disclosures, when available, paint a concerning picture. For instance, reports indicate significant net losses, working capital deficits, and accumulated deficits, raising questions about the company’s financial health and stability. Such financial red flags are particularly alarming for investors and traders who rely on the platform’s solvency and operational longevity.
The Censorship Conundrum: FSM SMART’s Role in the Spotlight
The alleged efforts by FSM SMART to censor critical information add a troubling dimension to the VHNX narrative. In an era where information is power, attempts to suppress unfavorable content not only violate ethical standards but also potentially breach legal boundaries. Such actions suggest a prioritization of reputation management over genuine improvement, leaving stakeholders in the dark about the platform’s true nature and operations.
Investor Alert: Navigating the VHNX Terrain with Caution
For potential investors and traders, the VHNX landscape is fraught with risks. The combination of regulatory ambiguity, operational opacity, financial instability, and alleged information suppression paints a picture that warrants serious caution. It’s imperative to conduct thorough due diligence, seek out unbiased information, and approach VHNX and its affiliates with a critical eye. Blind trust in such platforms could lead to financial loss and legal complications.
Regulatory Warnings: The Red Flags Investors Shouldn’t Ignore
While VHNX operates under the jurisdiction of Saint Vincent and the Grenadines, a region notorious for its lax regulations, this might not be the reassuring factor some potential investors think it is. The lack of a strong regulatory framework raises concerns about the platform’s credibility and operational transparency. It’s not surprising that multiple countries, including New Zealand, have issued regulatory warnings regarding VHNX. These warnings stem from VHNX’s failure to obtain proper licenses in certain jurisdictions, leaving traders vulnerable without legal recourse should they run into trouble. The mere fact that VHNX is operating from a location with few regulatory constraints should immediately make any informed investor consider the risks involved. When a company has the freedom to operate without strict oversight, it can create an environment where unscrupulous behavior is more likely to go unnoticed.
Customer Complaints: A Wave of Dissatisfied Traders
Despite its flashy marketing and promises of easy financial success, VHNX is no stranger to customer complaints. In fact, a growing number of online reviews suggest that many users have faced significant issues with the platform. Complaints range from difficulty withdrawing funds to poor customer support that often leaves traders in the dark when seeking help. The fact that these issues appear to be recurring and widespread speaks volumes about the platform’s commitment to customer satisfaction—or the lack thereof. It’s not uncommon for traders to face obstacles when trying to access their funds or deal with unresolved technical issues, and when these problems occur on a consistent basis, it paints a troubling picture of VHNX’s operations.
FSM SMART: The Mystery Behind the Censorship Allegations
As if VHNX’s regulatory grey area weren’t troubling enough, the involvement of FSM SMART, allegedly an associated entity, raises further red flags. Reports have surfaced suggesting that FSM SMART has been actively involved in censoring negative content about VHNX, including user reviews and independent investigative reports. Such actions are not just unethical; they may be illegal. Falsifying information and suppressing legitimate concerns could be a violation of various consumer protection laws. It’s unclear what FSM SMART hopes to gain by suppressing unfavorable reviews, but the lack of transparency and openness about these activities only deepens the mystery surrounding VHNX’s business model. Suppressing negative press and reviews is a classic tactic employed by questionable companies, as it allows them to control the narrative and maintain their image, all while hiding the problems that could harm potential investors.
The Missing Links: Lack of Transparency in Financial Disclosures
Transparency is a fundamental expectation in any financial platform, yet VHNX’s financial transparency—or the glaring lack of it—should be alarming to investors. While the platform claims to be an attractive avenue for forex and CFD trading, very little is available in terms of financial data, regulatory filings, or clear business performance metrics. If a company is legitimately thriving, why are there no readily available reports on its financial health? VHNX’s failure to disclose important financial information casts doubt on the platform’s stability and operational viability. Potential investors should never invest in a company that refuses to offer insight into its finances. A lack of transparency is a direct red flag that should trigger immediate caution.
Conclusion
VHNX, under the guise of offering trading opportunities, presents a complex web of regulatory uncertainties, financial ambiguities, and ethical concerns. The alleged involvement of FSM SMART in censoring critical information further complicates the narrative, suggesting a deliberate effort to obscure the platform’s true nature. For investors and traders, the message is clear: proceed with caution, conduct comprehensive research, and remain vigilant against potential misrepresentations. In the world of online trading, transparency, honesty, and integrity should be non-negotiable standards—qualities that VHNX and FSM SMART have yet to convincingly demonstrate.
- https://lumendatabase.org/notices/35297181
- August 02, 2023
- Kalpesh Patel
- https://www.fxrevenues.org/
- https://www.wikifx.com/en/newsdetail/202208223734928113.html
Evidence Box
Evidence and relevant screenshots related to our investigation













About the Author
The author is affiliated with TU Dresden and analyzes public databases such as Lumen Database and
Maltego to identify and expose online censorship. In his personal capacity, he and his
team have been actively investigating and reporting on organized crime related
to fraudulent copyright takedown schemes.
Additionally, his team provides
advisory services to major law firms and is frequently consulted on matters
pertaining to intellectual property law.
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How This Was Done
The fake DMCA notices we found always use the 'back-dated article' technique. With this technique, the wrongful notice sender (or copier) creates a copy of a 'true original' article and back-dates it, creating a 'fake original' article (a copy of the true original) that, at first glance, appears to have been published before the true original

What Happens Next?
Based on the feedback, information, and requests received from all relevant parties, our team will formally notify the affected party of the alleged infringement. Following a thorough review, we will submit a counter-notice to reinstate any link that has been removed by Google, in accordance with applicable legal provisions. Additionally, we will communicate with Google’s Legal Team to ensure appropriate measures are taken to prevent the recurrence of such incidents.


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by: Fiona Clark
I strongly advise against trading with this company. They owe me £12,000, and despite having £9,000 in my account, I have no access to my funds. It’s clear that my money is not really mine!
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I had a good experience with trading and made decent profits, but this company made illegal trades, which led to my deposit being written off. I couldn’t get my money back, so I’d advise against trusting them.
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by: Victor King
amount through trading, I couldn’t recover my initial deposit. Some of my earnings were also deducted under claims of "illegal trading," which seemed questionable and arbitrary. It felt like they were making up rules as they went along. Overall, I...
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