Beware of Fraudulent Crypto Investments! PASTI Task Force Acts Against YWWSDC and RTHAE
The Task Force for the Eradication of Illegal Financial Activities (Satgas PASTI) has halted the activities of YWWSDC and RTHAE after discovering a number of indications of violations in their offerings of crypto asset and digital financial asset investments to the public.
Hudiyanto, Secretariat of the Task Force for the Eradication of Illegal Financial Activities, revealed that both entities were found not to hold a licence from the Financial Services Authority (OJK) as Digital Financial Asset Traders (PAKD) and claimed to be companies licensed abroad while also claiming to be in the process of obtaining licensing from the OJK.
“Satgas PASTI urges the public to be cautious of investment offers made in the name of foreign companies or those claiming to be in the process of obtaining OJK licensing. The public is also asked to always verify the legality of parties offering investments and to understand the characteristics, benefits, and risks of the products offered,” said Hudiyanto in an official statement on Monday (31/8/2026).
Hudiyanto explained that YWWSDC claimed to be part of YWWSDC Group US Ltd, a company said to be licensed in Colorado, United States. YWWSDC offered investment schemes for crypto asset trading and the purchase of digital financial asset tokens through the YWWSDC platform.
Based on the results of clarification and verification, Satgas PASTI found that YWWSDC did not hold a licence from the OJK as a PAKD, carried out business activities that did not match the licence issued by the Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM), and the application and/or website used was not registered as an Electronic System Operator (PSE) with the Ministry of Communication and Digital Affairs.
“Satgas PASTI also found indications of changes to the link address (URL) using a different name but with a similar appearance, so it is suspected to be connected to YWWSDC,” he said.
Meanwhile, RTHAE offered crypto asset and digital financial asset investments through the Retail Trader Hosted Automates Engine (RTHAE) platform. The offers included an initial token offering claimed to be listed on the RTHAE exchange, with a promise that funds already deposited would be returned to members if the token failed to list.
Based on the results of clarification and verification, Satgas PASTI found that RTHAE had no legal entity in Indonesia, did not hold a licence from the OJK as a PAKD, carried out business activities that did not match the licence issued by the Ministry of Investment and Downstreaming/BKPM, and the application and/or website used was not registered as a PSE with the Ministry of Communication and Digital Affairs.
In connection with these findings, Satgas PASTI has halted the activities of YWWSDC and RTHAE and blocked access to the related applications and/or links (URLs). Satgas PASTI will also coordinate with law enforcement officials for further enforcement proceedings.
Members of the public who feel they have suffered losses are urged to report immediately to local law enforcement officials to expedite the handling process. Satgas PASTI once again urges the public to remain vigilant against investment offers or financial activities that promise high and illogical returns, particularly those made in the name of foreign companies and claiming to be in the process of obtaining OJK licensing.
If members of the public find indications of similar offers, illegal investment offers, or illegal online loans, they can report them through the website sipasti.ojk.go.id or via OJK Contact 157, WhatsApp 081157157157, and email konsumen@ojk.go.id. Meanwhile, members of the public who are victims of financial transaction fraud can report through the Indonesia Anti-Scam Centre (IASC) website at iasc.ojk.go.id to support efforts to block the perpetrators’ accounts quickly.