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This is bad for prop firms @FundingPerps
I know a “trader” who has withdrawn $560K+ from prop firms but doesn’t even know how a chart works and this should concern every prop firm CEO. A few months ago, I was consistently posting on X and was getting 500–600K impressions every few weeks. I also created a Discord community and ended up with people from all over the world. I wasn't very active on Discord myself, and that's where this story gets crazy. One guy started asking if people from different regions wanted to join him. At first, I assumed he was just trying to build a group of like minded traders. I was completely wrong. That week, I got on a Discord call and he claimed he had found a way to abuse prop firm systems through mass account setups and hedging across different countries. He claimed he had extracted around $560K in prop firm payouts without trading in the way a normal trader would. For clarity: I am completely against this. Whatever people think about prop firms, deliberately exploiting their systems, manipulating account setups, or using other people's identities/documents is not something I support. I acted interested because I wanted to understand exactly what he was doing and how far this went. According to him, he had targeted pretty much every major prop firm he could find including @FTMO_com, @BlueGuardiancom, @fundingpips, @ApexTradeFund, @Tradeify and @TradingLucid. He even showed what he claimed was a $6K payout from Apex that he had received that day. He also claimed that when accounts got banned, he had people in different countries who would provide KYC/documents and receive a salary for essentially being the account holder. That was the point where I realized.He was actively looking for more people. And eventually, this guy entered MY Discord server and started looking for new "employees" basically people whose identities/documents could be used after the existing accounts got banned. He also told me he had previously tried making money through online gambling platforms, but claimed the ROI from exploiting prop firms was much higher. Another thing he claimed was that they would intentionally fail some challenges/accounts so the firms would see them as legitimate traders. At that point I had heard enough. I banned him from my server. What shocked me most wasn't even the amount of money he claimed to have made. It was how organized the whole thing supposedly was multiple countries, multiple people, KYC documents, account rotation, and recruitment. If someone is asking for your KYC documents, bank details, identity, stop and think very carefully about what you're actually participating in. I have a couple of screenshots and his Discord information from the conversation. If a prop firm genuinely needs information related to this situation, they can reach out to me through X. @seanbaint ,@SureLeverageCEO ,@Khldfx ,@MattLeech, @BrettSimba , @hyperanar ,@SamBradburyFX ,@ErkanOriginal , @ZararEquityEdge , @avikkfp ,@ajtradinglucid , @EdwardXLreal , @MichaelPatak , @LAntonioAF, @LewisAquaFunded, @AnalystPhil,@EricGairns,@TraderSumo1 ,@alanshz ,@louisregis, @SimoneN_23,@MartinN_CEO, @DylanElchami . Please find a way to identify and permanently ban these cheaters.What we traders want is a healthy prop-firm industry where firms can be profitable and real traders can continue to thrive.I don't want legitimate traders getting affected because of people exploiting loopholes and abusing your systems.Please find a way to identify and permanently ban these cheaters. As I said If a prop firm genuinely needs information related to this situation, they can reach out to me through X.
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