News Release

Investor Alert: Crypto-asset “smart wallets” (English and Chinese version) 投資者警示: 加密资产 “智能钱包”

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Vancouver – The British Columbia Securities Commission (BCSC) is alerting investors about “smart wallet” apps that purportedly store a person’s crypto-assets and earn money for depositors.

The apps promise to reward users through automated trading of crypto-assets on various exchanges. If users deposit a certain amount, they can activate artificial intelligence software that is supposed to find and execute high-frequency crypto-asset trades. The purported trading is not controlled by the app’s users.

One app, WoToken Wallet, claims that users will realize earnings of six to 20 per cent monthly by activating the trading software. Another app, Cloud Wallet, says users will earn six to 15 per cent monthly in the same way.

Users are told they will receive bonus payments by persuading other people to use the wallet; the payments depend on how much those recruits earn from the crypto-asset trading software. If a depositor’s recruits persuade others to use the wallet and they, too, reap trading profits, the depositor supposedly receives additional bonuses.

“These apps’ claims of big payouts from some kind of automated crypto-asset trading appear too good to be true,” said Doug Muir, the BCSC’s Director of Enforcement. “The apps also resemble a pyramid scheme, in which investors are promised earnings if they get others to join in. Big promises and pyramid-like payouts are both classic warning signs of risky investments. We urge everyone to approach these apps with extreme caution.”

Users are required to make a minimum deposit of US$100 to US$1,000 in crypto-assets. The bonuses are paid out in a crypto-asset that is particular to each app, which can supposedly be converted into more commonly-traded crypto-assets like bitcoin or ether, and then into conventional currency.

Cloud Wallet is available on Apple’s App Store and Google Play. WoToken Wallet can only be downloaded from a website unconnected to the App Store and Google Play.

WoToken Limited, the company behind the WoToken Wallet, is based in the British Virgin Islands. WoToken Wallet’s Facebook page also mentions a connection to WO Data Group Ltd., which was recently registered in B.C., and WO Data Group Limited, which was recently registered in Colorado.

The company behind Cloud Wallet, Cloud Technology & Investments Pty Ltd., is registered in Australia. One of the people promoting Cloud Wallet in online forums lives in Canada.

The BCSC is warning the public about using these apps. In addition, the BCSC and other Canadian securities regulators urge caution when buying crypto-assets through trading platforms because no crypto-asset trading platforms are recognized as an exchange or otherwise authorized as a marketplace or dealer in Canada.

About the British Columbia Securities Commission (  

The British Columbia Securities Commission is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act. Our mission is to protect and promote the public interest by fostering:

  • A securities market that is fair and warrants public confidence
  • A dynamic and competitive securities industry that provides investment opportunities and access to capital   

Media Contact:
Brian Kladko

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發佈日期:2019 1112

NR 19-58

投資者警示: 加密资产智能钱包

(视频) (Mandarin) (Cantonese)




其中一个名为WoToken Wallet的应用软件声称用户启动买卖软件会获得每月百分之六至二十的收益。另一软件Cloud Wallet说用同样的方法用户会每月赚百分之六至十五。


WoToken Wallet及其他智能钱包计策在大温哥华地区华人社区被推广及发售。




BCSC執法部總監Doug Muir表示,这些应用软件声称从一些加密资产自动买卖中获得高回报看来太理想,并不可信。这些应用软件也像传销计策承诺投资者如引进其他人会得收益。很大的承诺及像传销的回报都是常见的高危投资警号。我们促请各位接触这些应用软件时要格外小心。




 Cloud Wallet在苹果的App Store Google Play 有供应。WoToken Wallet只可以在特定网址上下载 (网址与 App Store Google Play是没关联的)


 WoToken Wallet背后的WoToken Limited設在英属处女群岛。WoToken Wallet的脸书帐户提及其跟WO Data Group Ltd. 有关。WO Data Group Ltd. 最近在卑詩省注册。而WO Data Group Limited 最近在科罗拉多州注册。


 Cloud Wallet背后的公司Cloud Technology & Investments Pty Ltd. 在澳洲注册。其中一个在网上讨论区推广Cloud Wallet的人住在加拿大。



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