Audit log

Every state-changing event for TXO Exchange: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions are designed to carry three independent witnesses — the original source, an Internet Archive snapshot, and a Solana memo signed by our publicly-disclosed publisher key. Archive coverage is still being backfilled, so each decision below reports its own snapshot status rather than assuming one exists.

1. #1publishby system:backfill

   2026-10-22 12:17:56Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 460,032,517

   sig

   4Y2zy1oqxxkf…dd92MQ84copyexplorer ↗

   hash

   5QyxYSeLnrm8…4k5o53FJcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (8345 B) ▸

   {"actor":"system:backfill","investigation_id":"e449f3cc-e33e-4fcc-a596-da812af31f37","kind":"publish","page_slug":"txo-exchange","published_at":"2026-10-22T12:17:56.332Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"TXO Exchange","sections":[{"content":"TXO Exchange, with 'Qicheng' listed as an alternate commercial name, appears in the IOSCO International Securities & Commodities Alerts Network (I-SCAN) as alert ID 54180, originating from New Zealand's Financial Markets Authority (FMA) and syndicated internationally by IOSCO. The alert categorizes the entity under both 'registered/licensed entity impersonators' and 'fraud and other types of misconduct,' with crypto and digital assets listed as the relevant product category. The I-SCAN record lists txoin.com as the primary associated URL alongside approximately twenty further domains, including txoex.com and txotop.com, consistent with a clone-firm or lookalike-domain network. This is a primary regulatory source and the most reliable evidence in this file; however, direct access to the FMA's own warning page was not possible during this investigation (blocked by access controls), so the alert's full text could not be independently quoted beyond what IOSCO's syndicated record shows.","heading":"Regulatory Warning (New Zealand FMA / IOSCO I-SCAN)","severity":"critical","sources":[{"credibility":1,"name":"International Securities & Commodities Alerts Network (I-SCAN) - TXO Exchange, alert ID 54180","type":"regulatory","url":"https://www.iosco.org/i-scan/?id=54180"}]},{"content":"Independent scam-tracking outlet BehindMLM reports that TXO Exchange was added to a running list it maintains of so-called 'click-a-button app' schemes after the FMA warning, describing a model in which participants are alleged to deposit 100 USDT or more in exchange for promised daily passive returns generated by automated 'trading signals.' BehindMLM reports that it identified roughly twenty-one TXO-linked domains, most of which it says were already flagged for fraud or taken offline at the time of its review, leaving only a handful still active. These are allegations from a single scam-tracking source rather than a verified regulatory finding of a Ponzi structure, and should be treated accordingly.","heading":"Alleged Ponzi-Style Investment Scheme","severity":"high","sources":[{"credibility":3,"name":"BehindMLM - 'TXO Exchange added to NZ's click a button Ponzi list'","type":"community_report","url":"https://behindmlm.com/companies/click-a-button-app-ponzis/txo-exchange-added-to-nzs-click-a-button-ponzi-list/"}]},{"content":"Both the IOSCO I-SCAN alert and BehindMLM's independent review describe TXO Exchange as operating through a large cluster of near-identical domains rather than a single verifiable platform, a pattern IOSCO's own categorization explicitly labels as impersonation of registered or licensed entities. Domains identified across these sources include txoin.com (listed as the primary URL in the regulatory alert), txoex.com, txotop.com, and others sharing the 'txo' naming pattern. This structure is characteristic of clone-firm operations that rotate or multiply domains to evade blocklists and to impersonate the appearance of a licensed exchange.","heading":"Clone Domain Network and Impersonation","severity":"high","sources":[{"credibility":1,"name":"International Securities & Commodities Alerts Network (I-SCAN) - TXO Exchange, alert ID 54180","type":"regulatory","url":"https://www.iosco.org/i-scan/?id=54180"},{"credibility":3,"name":"BehindMLM - 'TXO Exchange added to NZ's click a button Ponzi list'","type":"community_report","url":"https://behindmlm.com/companies/click-a-button-app-ponzis/txo-exchange-added-to-nzs-click-a-button-ponzi-list/"}]},{"content":"In a detailed review, BehindMLM alleges that TXO Exchange's website discloses no verifiable ownership or executive information. The review alleges that promotional material outside the main site credits a founder figure, described in the review as likely fictional and represented by an AI-generated avatar rather than a real person. The review further alleges that TXO presents a New York company registration certificate as evidence of regulatory compliance, which the reviewer characterizes as insufficient proof of legitimacy since such certificates are inexpensive to obtain for shell entities and do not themselves constitute a financial services license. The same review states that source code associated with a related TXO domain contained Chinese-language text and a reference to another domain the reviewer separately labels as a Ponzi scheme, from which the reviewer infers a possible operational link to China; this is the reviewer's own inference rather than a confirmed fact and is treated here as a low-confidence, single-source allegation.","heading":"Alleged Undisclosed Ownership and Fabricated Founder","severity":"high","sources":[{"credibility":3,"name":"BehindMLM - 'TXO Exchange Review: Trading signals click a button Ponzi'","type":"community_report","url":"https://behindmlm.com/mlm-reviews/txo-exchange-review-trading-signals-click-a-button-ponzi/"}]},{"content":"Review aggregator Traders Union lists TXO Exchange with a 'Not Recommended — Possible Unregulated or High-Risk Entity' rating, citing the FMA's warning and stating that the operator does not appear to be regulated in New Zealand and may lack authorization to provide financial services there. This rating is derived from, and does not add independent verification beyond, the underlying FMA/IOSCO alert, and the review site itself is a lower-credibility secondary source.","heading":"Third-Party Risk Ratings","severity":"medium","sources":[{"credibility":3,"name":"Traders Union - 'Is TXO Exchange Safe or Scam?'","type":"community_report","url":"https://tradersunion.com/scam-or-safe/txo-exchange-review/"}]}],"sources_used":[{"credibility":1,"name":"International Securities & Commodities Alerts Network (I-SCAN) - TXO Exchange, alert ID 54180","type":"regulatory","url":"https://www.iosco.org/i-scan/?id=54180"},{"credibility":3,"name":"BehindMLM - 'TXO Exchange added to NZ's click a button Ponzi list'","type":"community_report","url":"https://behindmlm.com/companies/click-a-button-app-ponzis/txo-exchange-added-to-nzs-click-a-button-ponzi-list/"},{"credibility":3,"name":"BehindMLM - 'TXO Exchange Review: Trading signals click a button Ponzi'","type":"community_report","url":"https://behindmlm.com/mlm-reviews/txo-exchange-review-trading-signals-click-a-button-ponzi/"},{"credibility":3,"name":"Traders Union - 'Is TXO Exchange Safe or Scam?'","type":"community_report","url":"https://tradersunion.com/scam-or-safe/txo-exchange-review/"}],"summary":"TXO Exchange, also operating under the commercial name 'Qicheng,' is a self-described crypto trading platform flagged by New Zealand's Financial Markets Authority (FMA) and distributed internationally via the IOSCO I-SCAN alert network as an unlicensed entity engaged in impersonation and misconduct in the crypto/digital assets category. Independent scam-tracking coverage separately describes TXO as operating a 'click-a-button' style app promising daily passive returns from automated trading signals, run through a network of roughly twenty lookalike domains, with undisclosed ownership and an alleged fabricated founder identity. No evidence of licensing, registration, or legitimate operating history was found.","timeline":[{"date":"2026-06","event":"New Zealand's Financial Markets Authority (FMA) issues a warning/alert concerning TXO Exchange (commercial name 'Qicheng'), subsequently syndicated by IOSCO as I-SCAN alert ID 54180, categorizing it as an unlicensed entity involved in impersonation and fraud/misconduct in the crypto and digital assets space.","source":"IOSCO I-SCAN alert 54180","source_url":"https://www.iosco.org/i-scan/?id=54180"},{"date":"2026","event":"Scam-tracking outlet BehindMLM publishes independent coverage adding TXO Exchange to its list of 'click-a-button app' schemes and a detailed review alleging a Ponzi-style trading-signal scheme, undisclosed ownership, and a possibly fabricated founder identity.","source":"BehindMLM","source_url":"https://behindmlm.com/companies/click-a-button-app-ponzis/txo-exchange-added-to-nzs-click-a-button-ponzi-list/"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision a6b32106-eabb-4038-8f50-6a25ef405328copy