Game Over?! Herzen Hacked & Withdrawals Halted

Anonymous is the word to describe Herzen. The black Herzen website (https://herzen-intcare.com/) does not seem to be a “leading” broker that has been operating for over 10 years within the industry with a wide range of trading instruments to suit the needs of all traders globally.

With no information about the company's address, year of establishment and licenses, Herzen's credibility is little to none. The only way to contact Herzen is via email: inquiry@herzen-int.com.

These are the red flags and reasons why WikiFX gave Herzen such a low rating because it is a broker with many uncertainties and potential risks.

Just fresh out from the oven – WikiFX discovered an official announcement by Herzen stating that it has been hacked.

Many users that trade with Herzen also flood Telegram with complaints and pleas to retrieve their withdrawals.

Although WikiFX acknowledges that, like any online business, brokerage companies are also susceptible to hacking attempts as the risk of cyber attacks is prevalent in the financial industry due to the sensitive and valuable information that brokerage companies handle, we are not very convinced with this reason in the case of Herzen.

It's not uncommon for companies to use hacking as a cover-up for other issues that may have caused their financial losses. By claiming their systems were hacked, they can deflect responsibility and avoid legal consequences or damage to their reputation.

For example, a company may suffer losses due to poor investment decisions or mismanagement of funds, but they may claim that their systems were hacked to justify the losses to their clients or investors. This strategy allows the company to avoid accountability and shift the blame onto an external factor, like a cyber-attack.

In some cases, a company may even stage a fake hacking incident to cover up their misdeeds. They may use this as a ploy to divert attention from their internal issues or to delay returning their clients' funds.

That said, WikiFX is not claiming brazenly that Herzen is definitely up to something no good. However, we advise our users to never entrust your trading funds with an unregulated broker by all means, especially with one that is not transparent like Herzen.

If you are a victim in this Herzen case, fret not. Gather as much evidence as you can about this issue and please feel free to contact WikiFX to seek assistance through the mediums below: