TLC Trading has cut off its Hungarian investors.

Attempts to log in to TLC Trading from within Hungary now return an error:

As of June 2024, Hungary was the second largest source of TLC Trading website traffic behind the US (30%).

According to a TLC Trading investor
, an email was sent out claiming access was blocked due to “increased attention from authorities.”

In Hungary, securities are regulated by Magyar Nemzeti Bank (MNB). MNB  has not issued a TLC Trading fraud warning on its website. TLC Trading has not provided investors with evidence it is under investigation in Hungary.

MNB could be investigating TLC Trading and have reached out, but there is no way of knowing this without either MNB or TLC Trading confirming.

TLC Trading itself cannot be trusted. The fraudulent investment scheme previously
lied about the nature of insurance acquired through Liga Insurance
.

Additionally, TLC Trading’s purported CEO “Armen Sargasyan” is played by Polish national
Tomas Malodobry
.

Following BehindMLM outing TLC Trading’s Boris CEO, the company deleted its entire YouTube channel.

Looking at the broader picture, locking out its second largest investor-base allows TLC Trading to keep the Ponzi scheme going a bit longer.

Hungarian TLC Trading website dropped 21% month on month, while US website traffic climbed 99% (effectively doubled). Sweden is also being pillaged, following a 4691% increase to 12% of TLC Trading’s total traffic.

The plan is likely to fleece US and Swedish investors for another month or two before pulling the plug.

Whether that’s an abrupt exit-scam like Hungary or a slow
“maintenance/hackers/regulators/our CEO is building an orphanage in India etc.”
exit-scam remains to be seen.

TLC Trading
is a reboot of the collapsed Trade Like Crazy Ponzi scheme. BehindMLM’s initial May 2024 analysis suggests the scam is being run by Polish and/or Russian scammers
hiding in Dubai
.

Update 7th August 2024 – 
As predicted, TLC Trading has
collapsed
.

🤖 Quick Answer

What happened to TLC Trading's Hungarian investors?
TLC Trading blocked access to its platform for users located in Hungary, effectively cutting off Hungarian investors from their accounts. An email reportedly cited "increased attention from authorities" as the reason. As of June 2024, Hungary represented the second largest source of TLC Trading website traffic, accounting for approximately 30% of visits.

Which authority regulates securities in Hungary?
Securities regulation in Hungary falls under the jurisdiction of Magyar Nemzeti Bank (MNB), the country's central bank and financial supervisory authority. As of the reported incident, MNB had not issued a public fraud warning regarding TLC Trading on its official website, and no confirmed investigation details were publicly available.

Why is TLC Trading's Hungarian access block considered an exit scam?
The access block exhibits characteristics commonly associated with exit scams in fraudulent investment schemes. TLC Trading provided no verifiable evidence of any

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