Updated: August 19, 2022
DFI received information that Hekamen Limited (“Hekamen”) recently changed its name to Tosal Limited (“Tosal”). The website for Tosal is, https://tosal-fx.com/zh-cn/. The Tosal website is identical to the Hekamen website. It appears the Hekamen website, https://www.hekamenltd.com/zh-cn/, has been taken down.
Originally posted: June 09, 2022
DFI has received a complaint from a Washington resident regarding Hekamen Limited (“Hekamen”), a purported digital asset exchange. The investor accessed the platform on https://www.hekamenltd.com/zh-cn/. The Hekamen website claims to offer “high performance contract trading” and be the “leading digital asset exchange in the world.”
The investor was introduced to Hekamen by an individual they met on a dating website. The individual explained that Hekamen conducts trades based on the percentage change of an asset or commodity. The individual guaranteed the investor would receive a 30% return investing on the Hekamen platform.
After starting an account and transferring cryptocurrency to their Hekamen account, the individual coached the investor on when and how much cryptocurrency to trade. For the first few trades, the investor purportedly averaged a 15% to 30% return. After a few trades, the individual pressured the investor to invest a larger amount in order to receive higher profits. After investing over $60,000 in cryptocurrency, the investor’s account purportedly grew to over $85,000.
The same day the investor successfully withdrew $1,100 from their Hekamen account, the investor attempted to withdraw an additional $15,000. Hekamen declined to withdraw the investor’s funds, supposedly due to a platform upgrade. After the purported platform upgrade was completed, the investor attempted to withdraw their profits but Hekamen demanded the investor pay a $6,000 fee to the government in order to verify the investor’s identity. The investor is unable to withdraw funds from their Hekamen account. The investor lost over $60,000 using the Hekamen platform. These allegations have not been verified by DFI.
This appears to be similar to what is commonly called an “Advance Fee Fraud”.
How to protect yourself
DFI urges consumers to exercise extreme caution before responding to any solicitation offering investment or financial services. Investment professionals need to be licensed with DFI to offer investments to Washington residents. In addition, most investment products sold need to be registered with DFI.
To check the licensing status and to find out if there are any complaints against an investment professional or investment product, please visit FINRA Brokercheck (https://brokercheck.finra.org) or contact the Washington State Department of Financial Institutions, Securities Division at (360) 902-8760. If you live outside of Washington State, contact your state securities regulator.
If a consumer believes a person or company has violated state law or acted improperly regarding an investment product or service, they may file a complaint with the Securities Division.
Additional Resources
Virtual Currency, Cryptocurrency, and Digital Assets Information for Consumers
Watch out for Fraudulent Digital Asset and “Crypto” Trading Websites