WZCoin (wzcoin.ai) Exposed – Fake Professor Michael Hewson and WhatsApp Investment Scam
Crypto scams in recent years have increasingly relied on name impersonation and private messaging groups to deceive victims. One operation now repeatedly reported by victims involves WZCoin, operating through wzcoin.ai, promoted inside WhatsApp groups led by a fake “Professor Michael Hewson.”
This article explains how the WZCoin scheme operates, why the use of Michael Hewson’s name is a serious red flag, and what investors should do if they were contacted or invested.
How the WZCoin Scam Is Introdued to Victims
Victims report being added to WhatsApp investment groups where the structure appears highly organized:
- A central “professor” figure named Michael Hewson
- Assistants or group moderators managing onboarding
- Daily market commentary and trade signals
- Screenshots of supposed profits posted by group members
The group is framed as:
- An educational trading community
- A private opportunity unavailable to the public
- A professional research-driven investment group
In reality, this is a controlled social-engineering environment.
The Use of a Fake Professor Name
Michael Hewson is a well-known financial analyst name, which makes it valuable for scammers to impersonate. In the WZCoin WhatsApp groups:
- No verifiable proof of identity is provided
- Communication is text-only or voice notes
- No official employer or regulated firm confirms involvement
- The “professor” avoids live, verifiable appearances
This is a classic name-laundering tactic, designed to borrow credibility from a real public figure without authorisation.
What WZCoin (wzcoin.ai) Claims to Be
WZCoin is presented as:
- A crypto trading or exchange platform
- An AI-assisted investment system
- A high-efficiency trading environment
Victims are instructed to:
- Create accounts on wzcoin.ai
- Deposit crypto (often USDT or BTC)
- Follow signals provided by the professor
Balances inside the platform quickly show profits, reinforcing trust.
The Simulated Trading Environment
Despite professional visuals, victims report that:
- Trades cannot be independently verified
- No real blockchain execution is visible
- Profits exist only inside the platform dashboard
- Withdrawals are fully controlled by the platform
This strongly indicates a simulated trading environment, not a real exchange or broker.
The Withdrawal Trap
When victims attempt to withdraw funds, they are told they must first pay:
- Trading profit tax
- Liquidity or margin release fees
- Account verification or compliance charges
Each payment is presented as the final step, but withdrawals never complete.
At this stage:
- The “professor” becomes less visible
- Assistants handle communication
- Pressure increases to act quickly
This is the advance-fee extraction phase of the scam.
Why WZCoin Is Not Legitimate
WZCoin and the associated WhatsApp groups show multiple red flags:
- No regulatory licensing or oversight
- No verifiable company ownership
- Recruitment through private messaging
- Impersonation of a real financial analyst
- Simulated profits and blocked withdrawals
- Fees required to access user funds
Legitimate platforms do not operate this way.
Pattern Matches Other Professor-Led Crypto Scams
The WZCoin structure matches a growing pattern seen across many crypto scams:
- Authority figure introduced
- Private group used to isolate victims
- Fake trading platform displays profits
- Withdrawal fees demanded
- Funds become inaccessible
Only the names and domains change.
What To Do If You Encountered WZCoin or the WhatsApp Group
If you were contacted by a WhatsApp group promoting WZCoin or “Professor Michael Hewson”:
- Stop all payments immediately
- Do not pay any withdrawal or tax fees
- Save all chat logs, wallet addresses, and transaction hashes
- Do not trust unsolicited recovery offers
- Seek professional assistance through Forteclaim Recovery Firm
Time is critical in crypto-related cases.
Final Assessment
WZCoin (wzcoin.ai), promoted through WhatsApp groups using a fake “Professor Michael Hewson,” displays all the characteristics of a coordinated crypto investment scam.
The platform relies on impersonation, simulated profits, and advance-fee withdrawal traps rather than transparent, regulated trading.
If you are researching WZCoin before investing, the safest decision is clear: do not proceed.
If you are already involved, immediate action is essential.