Attention! Do not fall for the Tether Global and Tether Gold crypto schemes!

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Currently, many crypto schemes are active inviting customers to invest in or trade cryptocurrencies. In most regulatory regimes, such as the UK or EU member states, crypto exchange operators require a license or permission from the relevant regulator. The alleged crypto exchange Tether Global (www.tether-global.de), and Tether Gold are currently attacking German-speaking customers. Tether Global is a scam and after your money, stay far away. BaFin has already issued a warning against Tether Global.

After registration, potential victims are urged to make a first-time deposit via credit and debit card. The website does not provide any information about the Legal Entity or the platform’s operators. No office can be found at the stated address in Berlin; however, a virtual office services provider is located there.

BaFin points out that it has not granted Tether Global a license or permission to conduct banking business or provide financial services in Germany. BaFin does not supervise the company. Providers of banking business or financial services, including crypto services, require BaFin permission.

On Trustpilot, Tether Global currently still has a 4.5-star rating with a corresponding “Excellent” trust level. However, the 5-star ratings are mostly given by first-time reviewers. In addition, one reviewer has already given a 5-star rating at another broker scam.

Tether Global is believed to have been active for only a few weeks. Stay far away, protect your money and data.

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