If you have been scrolling through WhatsApp groups, Telegram channels, or Instagram, you might have heard of TLC Coin, now known as LegacyX (LX). It claims to be “the next big thing in crypto” and promises guaranteed returns of 5% to 10% monthly. Such promises seem tempting, but before you sign up, check if TLC coin is safe.
What is a TLC Coin?
TLC Coin started as a crypto that many people were curious about, but things quickly got messy.
And here’s the twist: it’s now rebranded and goes by the name LX Coin (LegacyX).
Sounds fancy, right?
But not really. The moment you dig a little deeper, the reactions are more like, “Wait… why the sudden name change?”
“Why is it still unverified?”
The truth is, TLC Coin was removed from major tracking platforms, and the new LX listing hasn’t done much to build trust.
There’s still no clear info about its real use, price stability, or long-term roadmap. So even though TLC Coin now calls itself LX Coin, the confusion and the red flags haven’t gone anywhere
The mastermind behind this operation is Lavish Chaudhary, also known as Nawab Ali.
He has launched various investment schemes, which include:
- BotBro (claimed to be an AI-powered crypto trading platform)
- TLC Coin/ LegacyX coin (presented as a cryptocurrency investment)
- TLC 2.0 (the “upgraded” version, also called Trillionaire Crypto)
- Yorker FX (forex trading platform)
All these schemes operate under the same Ponzi or multilevel marketing (MLM) structure.
Is TLC Coin a Scam?
If you have ever used or searched for the LegacyX coin or TLC coin, you will notice that the warning signs are not subtle, but they are screaming fraud.
Even a beginner would understand that this application is fake.
Some of them include:
1. Unbelievable Returns
The app promises unbelievable returns of 5-10% monthly, which makes it 60-120% annually.
This looks completely unrealistic for any legitimate investment, right?
Even the real stock market indicates around 10-12% profit annually.
2. No Registration
LX coin operates without any registration with India’s RBI(Reserve Bank of India) or SEBI (Securities and Exchange Commission of India).
Which means there’s no way to get your money back! Although the platform claims that it had a banking license and regulatory approval but when investigators checked, it was completely false.
3. Ponzi Scam Structure
The app follows a Ponzi scam structure as it operates a pyramid scheme, dressed up in crypto clothing.
It does not reward people for investing, but for recruiting new investors. Agents are also given commissions to bring in new victims.
This is clearly MLM fraud as it relies on recruitment to sustain itself. Once the investors are over, the app changes its name or disappears.
4. Tough Withdrawals
Withdrawing your money from the app seems impossible. Users are able to cash out only a tiny percentage of their balance.
If they want larger withdrawals, they are paid in USDT (tether), a stablecoin that is used in money laundering schemes.
5. Name Changes
The app has been removed from the Google Play Store several times, but it keeps changing its name.
2021-2023: QFX Trade
2023-2024: Name changed to YFX (Yorker FX).
Simultaneously: BotBro, TLC Coin, LX coin and TLC 2.0 launch.
All controlled by the same mastermind.
6. App and Website Appearances
The app and website had some serious quality issues.
Grammatical errors and most of the important information were missing.
Legal websites and platforms have professional designs and transparent documentation, but LX had none of them.
The app has been removed from Google Play several times, but it keeps changing its name.
TLC Coin to LX Coin
TLC Coin got exposed for being a scam linked to Lavish Chaudhary.
After all the backlash, the team rebranded it as LX Coin. This kind of name change is a classic trick scammers do to escape their bad reputation.
Think of it like repainting an old, broken car and trying to sell it as brand new.
The real issue isn’t fixed! You just covered it up.
If the platform was fake from the start, changing the name doesn’t suddenly make it real.
Rebranding like this is often a way to confuse people and keep the same scam alive under a fresh title.
LX Coin News
In March 2025, police arrested three suspects in connection with the TLC 2.0 (now operating as LX Coin) scam in Assam.
It was done after reports from those who had lost a significant amount of money.
The investigation revealed that lavish Chaudhary was the mastermind running the operation from abroad.
The scheme involved over 50 lakh users who invested more than ₹210 crores and got scammed.
LX Coin Complaints
LX coin is the new name of TLC coin. If you search for it, you won’t find any reviews about it due to the name change.
But if you look at the reviews of TLC coin, you will understand why you should not use this.
Community platforms are filled with negative reviews.
1. Fake Promises & MLM-Style Tactics
- Users reported that the project promised unusually high returns, a classic red flag.
- Some said they were given “free” TLC 2.0 coins, but they were locked for years, making them unusable.
- Investors mentioned the platform encouraged people to bring in friends and family, rewarding them for each new investment — mirroring MLM or pyramid-style setups.
2. Suspicious Background & Pattern of Shady Ventures
- Several commenters pointed out that the people behind TLC Coin were connected to other questionable ventures.
- Users repeatedly emphasised the “too good to be true” nature of the scheme, warning that such offers usually end badly.
3. Early Payouts to Build Trust
- Some investors said initial payouts were on time, but they recognised this as a common tactic used in MLM and Ponzi structures to lure early adopters.
- The sentiment was that only early participants benefited, while others eventually faced losses.
How to Report a Ponzi Scheme?
The TLC coin has been identified as a potential scam by the authorities. It is a fraudulent investment scheme.
But scams like this are not over yet.
If you have identified any such platform or lost your money in such schemes, then take quick action now:
- File a complaint in Cyber Crime. This is the primary step for reporting financial losses due to a scam.
- Contact your local police station and file an FIR.
- Inform your bank immediately if you have invested in any such platform. Ask them to block all the transactions for your account.
- Report the fraudulent communications like SMS, calls, WhatsApp messages, using the Sanchar Saathi portal. The portal serves as a platform that helps in reporting fraud and cyber crime. This helps in strengthening mobile user security.
- File a complaint in SEBI by sending an email with all the evidence.
Need Help?
In case you have been trapped and lost your money in any Ponzi scam in India, then register with us now.
We will guide you through the process of filing a complaint and help you work toward recovering your losses.
Conclusion
So now you know that the TLC coin is a fake app.
It is a Ponzi scam.
Multiple government agencies (California’s DFPI, India’s ED, RBI, and local police) have taken action against this.
Lakhs of people have lost their money and filed complaints. Your money is your responsibility, so invest in a safe place.
Do your research before you trust any platform blindly, because the virtual world is full of scammers ready to take advantage.
