Fake Regulator | FinTelegram News

Category: Fake Regulator

September 7, 2022

Attention! Fake Regulators Kryptoaufsicht And Boersenaufsicht Attack German Scam Victims!

Fake regulators have been a problem for several years now. Especially with the emergence of largely unregulated cryptos, fake regulators have been hunting for victims as operators of fund recovery scams. In Germany, these scammers are currently active with the websites Kryptoaufsicht.com and Boersenaufsicht.net, luring victims with free advice. The German BaFin has issued a warning against these scams. Please do not fall for them and stay clear from them.

September 5, 2022

Urgent Warning Against Euro Trader Commission And Its Fake Traders!

FinTelegram has received documents from allegedly licensed Estonian traders like Berzins Vilkas, who are active on Telegram and chasing clients. These traders present fake IDs and certificates of a Euro Trade Commission a/k/a Euro Trade Commission Limited. No government-recognized authority or organization is known to us that calls itself the Euro Trade Commission. Consequently, there can be no traders licensed by it. Stay very far away from supposedly licensed traders who hunt for victims on social media and messenger services.

March 30, 2022

Please do not fall for the unauthorized offshore broker Uniglobe Markets!

Uniglobe Markets is an unregulated offshore broker soliciting clients in North America, Europe and Asia. As is typical for an offshore broker, it does not comply with the regulatory requirements of the FCA or ESMA and offer regulatory regimes. It offers, for example, leverage of up to 1:500. The operator is Uniglobe Markets Ltd, registered in St. Vincent & The Grenadies, and the broker shows an impressive performance on Facebook with more than 157,000 followers and several daily postings. You should avoid unregulated offshore brokers at all costs.

March 30, 2022

Warning against the fake regulator FSRS!

The UK FCA has issued a warning against the FTrade broker scam which acts as a clone of the FCA-regulated Fortrade Group. The FTrade website (https://fortrade.broker) states that it is regulated by the Financial Services Regulation Scheme (FSRS) with the number 9488487. The FSRS claims that it is an independent financial services organization that controls its registered members. The FSRS certificate would be a guarantee of integrity for the clients of its members. This is bullshit. FSRS is a fake built by scammers for scammers!

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.