ASIC Issues Securities Fraud Warning Against QuenX
QuenX has received a securities fraud warning from the Australian Securities and Investments Commission. The alert was published on August 31, 2026. ASIC stated that QuenX may be offering or advertising financial services to Australian consumers without the required licenses.
QuenX Operates Without Australian Licenses
The platform does not hold an Australian financial services licence or an Australian credit licence from ASIC. It is also not authorised by any licensed entity. Offering unregistered financial services to Australian consumers constitutes securities fraud under Australian law.
QuenX Described as a Trading Ruse MLM Crypto Scheme
QuenX launched in late 2025 and is identified as a trading ruse MLM crypto Ponzi. Attempts to access its website at quenex.store now trigger a “suspected misleading website” warning from Cloudflare.
Russia Also Issues Pyramid Fraud Warning
In addition to the Australian alert, the Central Bank of Russia issued a pyramid fraud warning against QuenX on July 17, 2026. These dual regulatory actions highlight ongoing concerns about the platform’s operations.
