Compliance Rating | FinTelegram News

Category: Compliance Rating

January 11, 2024

Attention: Do Not Fall For The Real Estate Crypto Scheme REAL-TOK!

We are issuing a new alert regarding the REAL-TOK crypto scheme, which has earned a spot on FinTelegram's blacklist for its illicit activities. The operators of REAL-TOK have resorted to filing a Digital Millennium Copyright Act (DMCA) complaint with Google in an attempt to erase warnings about their scheme from search results. We want to make it clear that we have countered this complaint to ensure that the truth remains accessible. Read our update!

January 7, 2024

Alert: Caution Advised Regarding Gerald Check’s New Crypto Scheme – 20Exchange (20EX)

FinTelegram issues a stark warning and an urgent call for information regarding the newly launched 20Exchange (20EX), a crypto scheme spearheaded by Gerald Check, a key figure linked to the blacklisted L7 DEX crypto MLM scheme. Given the emerging pattern of dubious crypto schemes and the lack of transparency surrounding 20EX, we advise potential investors to exercise extreme caution. Stay informed, stay vigilant.

December 24, 2023

The MEXC Storm Continues: Discussion About The Deleted X Account Of Twitter CEO John Chen Ju!

The crypto exchange MEXC is on the red list on FinTelegram. This was the result of several reviews that revealed an unclear situation regarding regulation and the apparent secrecy surrounding the beneficial owners. In Estonia, the FIU revoked the crypto license of MEXC Estonia OÜ, which the company appealed against. Following the Grimace debacle and insolvency rumors, MEXC CEO John Chen Ju is said to have deleted his X account, which the scheme denies.

December 22, 2023

NordFX Update: The Broker Is Now Registered In St. Lucia!

FinTelegram included the offshore broker NordFX in its REd Compliance list as it is operating without authorization. The broker uses a formerly CySEC-regulated entity acting as a payment agent. NordFX has informed us that the operator, NFX Capital VU Ltd, is no longer registered in Vanuatu but in St. Lucia. Traders conclude their client agreement with this unregulated offshore entity. The offshore broker "will not be held responsible for the accuracy of any information available on this site."

December 6, 2023

Urgent Warnings Against Black-Rated Crypto Exchange CryptoX!

Scammers and illegal providers are also rising again in an environment of sharply rising crypto prices. However, consumers should always make sure that the platform is regulated, especially when dealing with crypto providers. CryptoX is allegedly operated by CryptoX Ltd, registered in St. Vincent & The Grenadines. We have not found this company. This is already a black flag. Of course, there is no registration either. Stay far away!

December 1, 2023

Urgent Warning Against Corny Solutions And Its Broker Scams!

We recently warned against Corny Solutions LLC, registered in St. Vincent & The Grenadines, and their scam AlfaTrade. This offshore entity is also operating the LyxMont broker scam. The IsoTrader scam is also operated by the same people via a fake company in St. Lucia. As a payment processor, we have discovered Payepo, which handles credit/debit card payments. Stay away, and protect your financial health and your data.

November 30, 2023

Another Urgent Warning Against FXG Markets Broker Scam!

A few weeks ago, FinTelegram issued a warning against the broker scam FXG Markets a/k/a FXG Markets Investment. The scam claims to be regulated by the alleged UK-Authority MFA and EMA (European Markets Authority). However, these regulators do not exist. We learned from our whistleblowers that FXG Markets is still aggressively attacking consumers. Stay far away; protect your financial health and your privacy!

November 30, 2023

Attention: Crypto Exchange Bybit Under Regulatory Scrutiny Receives Red Compliance Rating!

The Binance case has kept the crypto scene busy over the last few days. Binance and its founder, Changpeng Zhao (CZ), have pleaded guilty to money laundering as part of a $4.3 billion settlement with the U.S. authorities. The U.S. authorities are also investigating Bybit, which works with the same payment processors as Binance. We have added this crypto exchange to our Red Compliance list in our initial review. Here is our review.

November 28, 2023

Attention: Asian Crypto Scheme MEXC Appeals Against The Revocation Of Estonian License!

The Estonian entity of the crypto scheme MEXC, MEXC Estonia OÜ, has appealed against the revocation of its license in court in Estonia. The appeal reinstated the license. Pending the court's decision, the license is therefore to be recognized as valid. It remains to be seen whether the court will confirm the FIU's revocation of MEXC Estonia's crypto license.

November 22, 2023

Offshore Broker BDSwiss Introduces Dynamic Leverage 1:2000! Upgrade To Orange Compliance!

Until recently, BDSwiss was regulated in Europe by CySEC as a CIF. The broker was known for attacking clients with misleading marketing campaigns and offshore structures. As a result, the FCA banned BDSwiss, and CySEC also imposed penalties. Consequently, BDSwiss has left the EU and CySEC and is now only regulated by FSA Seychelles. We are upgrading BDSwiss to our Red Compliance List.

November 18, 2023

License Revoked: Urgent Warning Against Crypto Exchange MEXC And Its Possible Collapse!

After the collapse of FTX in November 2022, regulators worldwide cracked down on crypto companies. Scrutiny increased in intensity and led to complaints and warnings from regulators. This also affected the crypto exchange MEXC, which received warnings from regulators worldwide. As exclusively reported by FinTelegram, the Estonian FIU has now revoked the crypto license of MEXC Estonia OÜ. Does this mean the end for MEXC? It is a likely scenario!

November 16, 2023

Orange Compliance Rating Maintained After New Review of Elite CurrenSea!

In April 2023, FinTelegram published a first review of the Elite CurrenSea (ECS) scheme, which acts as a portfolio manager offering management of client funds on a profit-sharing basis. Additionally, they are introducing brokers for regulated and unregulated offshore brokers. The operator is SonderSpot OÜ, registered in Estonia. We have maintained our Orange Compliance rating.

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.