BaFin Follows FinTelegram And Investigates StakingTrades Broker Scam!

investor warning against StakingTrades
Spread financial intelligence

In February 2022, FinTelegram issued a warning against the broker scam StakingTrades, which was promoted by fraud marketing campaigns. The scam’s website names STG CONSULT PLC in the UK as the operator. We have not found this company. In our initial review, we found the licensed Estonian crypto exchange oobit. The German BaFin announced investigations into StakingTrades and its operators. Please stay far away and protect your money, your data, and your mental health.

Key data

Trading nameStakingTrades
Domain registrarNameCheap (link)
Legal entitiesSTG CONSULT PLC, UK (fake)
ST GROUP LTD, Australia (fake)
Attacking languagesEnglish, German
Support data+353-12232697
Payment processorOobit Technologies Pte (Singapore)
Oobit Technologies OÜ (Estonia)
d/b/a oobit https://www.oobit.com

The scam narrative

There is actually no meaningful narrative around the StakingTrades broker scam. It is one of the numerous white-label mutations operated by one of the many cybercrime and boiler room organizations. In our review today, the only payment option we found was the licensed Estonian crypto exchange oobit Technologies OÜ d/b/a oobit (https://www.oobit.com). However, in our review on 26 May 2022, oobit was no longer listed as a payment option!

Discuss and share

If you have any opinions about our warning, feel free to comment. If you have any information about StakingTrades, please share it with us via our whistleblower system, Whistle42.

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