XTX Markets issued warned against fraudulent
schemes falsely associated with its brand. According to the company, fraudulent
FX and cryptocurrency scams are on the rise and are perpetrated by websites,
individuals, and entities claiming affiliation with XTX Markets.
XTX Markets has clarified that it does not issue
cryptocurrencies nor provide services on any retail FX or cryptocurrency
platforms. Additionally, the firm emphasized that it does not engage with
individual or retail investors in any product, including cryptocurrencies and
FX.
The trading firm clarified that the only official
websites operated by the company are XTXMARKETS.COM and AIMOPRIZE.COM, the
latter being the platform for the AIMO Prize. Any other website purportedly
representing XTX Markets is fraudulent and should be approached with caution.
The company has urged individuals to remain vigilant
and exercise caution when approached by anyone claiming to offer XTX
Markets-branded cryptocurrency or trading services. The firm mentioned that
these individuals are not affiliated with the company in any manner. Besides that, XTX markets have advised individuals who
suspect fraudulent activity to promptly report it to local authorities.
Last year, XTX Markets launched a fund worth $10 million towards the development of AI models capable of achieving gold
medals in the International Mathematical Olympiad (IMO). According to a report
by Finance Magnates, this initiative aims to boost the creation of AI models.
Dubbed the AI-MO Prize, this challenge offers a $5
million grand prize for the initial publicly-shared AI model that demonstrates
performance equivalent to securing a gold medal in the IMO. Furthermore, up to
$5 million in progress prizes will be awarded for AI models reaching key
milestones.
Protecting Clients Across Various Programs
Besides that, XTY Labs, the division under XTX Markets,
recently unveiled a program to promote algorithmic trading powered by machine
learning. This innovative program aims to foster research at the intersection
of finance and machine learning , offering unique opportunities for researchers
in the field.
Candidates for the AI Residency Program are expected to hold
a Ph.D. degree or have imminent completion, along with demonstrated research
capability and proficiency in modern deep learning architectures.
Desirable attributes include expertise in managing large
datasets and developing foundational models. Successful applicants can expect a
base salary ranging from $40,000 to $50,000 per month, with ample opportunities
for career advancement within XTX Markets.
XTX Markets issued warned against fraudulent
schemes falsely associated with its brand. According to the company, fraudulent
FX and cryptocurrency scams are on the rise and are perpetrated by websites,
individuals, and entities claiming affiliation with XTX Markets.
XTX Markets has clarified that it does not issue
cryptocurrencies nor provide services on any retail FX or cryptocurrency
platforms. Additionally, the firm emphasized that it does not engage with
individual or retail investors in any product, including cryptocurrencies and
FX.
The trading firm clarified that the only official
websites operated by the company are XTXMARKETS.COM and AIMOPRIZE.COM, the
latter being the platform for the AIMO Prize. Any other website purportedly
representing XTX Markets is fraudulent and should be approached with caution.
The company has urged individuals to remain vigilant
and exercise caution when approached by anyone claiming to offer XTX
Markets-branded cryptocurrency or trading services. The firm mentioned that
these individuals are not affiliated with the company in any manner. Besides that, XTX markets have advised individuals who
suspect fraudulent activity to promptly report it to local authorities.
Last year, XTX Markets launched a fund worth $10 million towards the development of AI models capable of achieving gold
medals in the International Mathematical Olympiad (IMO). According to a report
by Finance Magnates, this initiative aims to boost the creation of AI models.
Dubbed the AI-MO Prize, this challenge offers a $5
million grand prize for the initial publicly-shared AI model that demonstrates
performance equivalent to securing a gold medal in the IMO. Furthermore, up to
$5 million in progress prizes will be awarded for AI models reaching key
milestones.
Protecting Clients Across Various Programs
Besides that, XTY Labs, the division under XTX Markets,
recently unveiled a program to promote algorithmic trading powered by machine
learning. This innovative program aims to foster research at the intersection
of finance and machine learning , offering unique opportunities for researchers
in the field.
Candidates for the AI Residency Program are expected to hold
a Ph.D. degree or have imminent completion, along with demonstrated research
capability and proficiency in modern deep learning architectures.
Desirable attributes include expertise in managing large
datasets and developing foundational models. Successful applicants can expect a
base salary ranging from $40,000 to $50,000 per month, with ample opportunities
for career advancement within XTX Markets.
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- Source: https://www.financemagnates.com//forex/xtx-markets-warns-against-fraudulent-entities-claiming-affiliation/
