A video attributed to the delivery of counterfeit gold by the “MilyGold” system;

Following the publication of reports claiming that counterfeit gold was delivered to some customers by the “MilyGold” website, concerns about the performance and level of transparency of this online gold trading platform have increased.

Previously, numerous records and controversies had also been raised regarding MilyGold’s activities; including multiple user reports about delays in settling rial payments, disruption in the process of delivering physical gold, allegations related to short-selling (“empty selling”), and short-term renewals of the Enamad (e-Namad) license.

The emergence of these issues, alongside the lack of precise oversight regarding how the authenticity of the stored assets is verified, has intensified criticism of the investment risks in the online gold platform.