Ben Givon | FinTelegram News

Author: Ben Givon

April 5, 2022

Please! Stay far away from the CryptBull broker scam!

The Spanish regulator CNMV has issued a warning against the CryptBull broker scam. Therefore, we took a closer look at the broker. In our review on April 5, 2022, we found that there is no indication about the operators or the competent jurisdiction on the website. Instead, we found the payment processors NeoBanq, Gateway, and SecurePaymentGateway. Customers can lose their money via credit and debit cards. Stay away and save yourself financial losses!

April 5, 2022

Be aware of broker scam Trade Union promoted by crypto fraud campaigns

This morning we received another email from Investors Education (www.investors.education) announcing that money would be available for collection. We would only have to quickly take care of it via the link sent along. The link then leads to Bitcoin Buyer, of course, one of the numerous fraudulent crypto campaigns that are currently active. After registering, we were redirected directly to the payment page of the trade union scam. Stay far, far away from these fraud campaigns and scams!

April 5, 2022

Attention! The broker scam BrownFinance attacks European consumers!

Currently, a wave of fraudulent crypto campaigns is washing over us again. Most recently, we reported on several BitIQ campaigns. In addition, several other fraudulent crypto campaigns such as Bitcoin Buyer, Bitcoin Era, or Bitcoin Code are being run via a Google Sites platform with a fake article promoting a getting-rich-quick scheme. They chase new victims of the never-ending stream of broker scams. Such as for BrownFinance, which poses as a CySEC-regulated investment firm. Stay Far Away.

April 5, 2022

Interesting! Spanish regulator warns against crypto exchange OKX!

OKX, part of the OK Group, is one of the most prominent crypto trading exchanges operated by Seychelles-based Aux Cayer FinTech Co. Ltd and Malta-based OKEX Malta Ltd. The Chinese Xu Mingxing founded the OK Group, which also owns the crypto exchange Okcoin, in 2017. The Spanish regulator CNMV has issued a warning against OKX, stating that the Group has no authorization to offer its regulated services in Spain. Most recently, the UK FCA has made several critical statements about the world's largest crypto exchange Binance.

April 5, 2022

Maltese Koala Crypto asks MFSA for its license to be suspended

The Malta Financial Services Authority (MFSA) suspended the crypto license of Chinese Koala Crypto Ltd, which is part of the Chinese Koala Group. It is understood that the Maltese companies involved are Koala Crypto Limited, Koala Malta Limited, and Koala Money Ltd. The UK-registered Koala Capital Limited is the holding company for these Maltese ventures. The Maltese Kari Pisani, one of the key directors of Koala Crypto, resigned late in 2021.

April 4, 2022

Another regulatory warning against EUFM broker scam using fake regulatory documents!

The German BaFin today announced investigations of the EUFM broker scam. Only recently, the Italian Consob and the Spanish CNMV issued a warning against the broker scam European Financial Markets a/k/a EUFM. The website does not provide any information about the operators or the jurisdiction responsible. As payment processors behind BoxiPay cashier, we have once again discovered Paypound as well as PayCent. Deposits are only possible via credit and debit cards. Stay far away and save yourself from losing your money and misusing your data.

April 4, 2022

Watch out! Fraudulent BitIQ campaign promotes Europe Capital broker scam!

The fraudulent BitIQ campaign is currently being promoted by various websites and emails. This morning, we noticed in our review that the broker scam Europa Trade Capital is hunting for new victims via BitIQ. After registering with BitIQ, victims are directly redirected to the scam's payment page. There they can lose their money via deposit with Bitcoins. As a crypto payment processor, we have discovered Zcoinpay a/k/a Coinsxo. Stay far away.

Illegal Broker Activities

April 3, 2022

Attention! Do not fall for the Fintegral broker scam!

Fintegral is a consultancy specializing in risk management in the financial services industry with offices in London, Frankfurt, and Zurich. They provide advice to financial institutions and operate a website with the domain www.fintegral.com. The Fintegral broker scam with the domain www.fintegral.world is unrelated to them. The operator of this scam is the offshore company Ethereal Group LLC, registered in St. Vincent & The Grenadines. Stay away from this scam!

April 3, 2022

Urgent warning! The stoxDC scam continues attacks on European consumers!

We have received another email from Investors Education. This time we are told that we have a chance to earn €800 in the next 17 minutes. All we have to do is register immediately. The link takes us to the BigTopChannel website where the fraudulent BitIQ campaign is advertised. Whoever registers there will be taken back to the payment page of the stoxDC broker scam. This PandaTS white-label broker has been running aggressive campaigns for days with fraudulent campaigns to constantly catch new victims. Maybe PandaTS should take action against its scam client?

April 3, 2022

Attention! Another warning against the JoyTrust broker scam!

We have warned against the JoyTrust (www.joytrust.net) broker scam several times. The German regulator BaFin investigates the fraud, and its operator, the UK-registered Top Suite Ltd. The boiler room agents of JoyTrust contact potential victims falsely claiming that they would have a high balance on their Blockchain.com wallet and only need to pay a $250 conversion fee to unlock it. As proof, they sent a copy of a fake ID of a Blockchain.com employee called Robert Mendes. The JoyTrust scam is still actively attacking consumers. The Austrian FMA issued a new warning.

April 3, 2022

FCA warns against fund recovery scheme Financial Indemnity Committe

Financial Indemnity Committe claims to be an international investigative firm that specialized in monetary recovery and would work in close cooperation with international financial regulators such as FCA, CySEC, or ESMA. They would have an intelligence-gathering team that hunts down fraudsters and recover money for their victims. The UK FCA issued a warning against this fund recovery scheme that does not provide any information about its operators. Stay far away!

April 1, 2022

Attention! Do not fall for PandaTS white-label scam broker StoxDC attacking European consumers!

In the last few days, many people have received emails from [email protected]. In these emails, you are informed that there are new transfer details for an alleged payment that you should have received. Please check the inserted link. The link leads to the website BigTopChannel (https://bigtopchannel.org) where investments in Amazon are suggested. From there you will be redirected to the payment page of the PandaTS scam broker StoxDC. Stay far, far away.