Crypto Schemes | FinTelegram News

Category: Crypto Schemes

February 8, 2022

Attention! Spanish regulator warns against crypto exchange Gate.io

Forbes Advisor named Gate.io as one of the 10 best crypto exchanges in February 2022, awarding it a 4.5-star rating. This puts Gate.io ahead of the better-known and regulated Bitstamp. Operated by Gate Technology Corp in the Marshall Islands, the crypto exchange proudly displays this nomination on its website. However, regulators currently have no tolerance for unregulated crypto exchanges. The Spanish CNMV has therefore issued an investor warning against the unregulated offshore crypto exchange Gate.io. Be careful when trading with unregulated crypto exchanges.

February 7, 2022

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

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), supposedly based in Berlin, is currently attacking German-speaking customers. This crypto platform is a scam and after your money, stay far away. BaFin has already issued a warning against Tether Global.

February 3, 2022

Boring! Another warning against another crypto investment scam – SkytimeFxpro!

It is actually completely boring about the individual crypto trading and investment scams in the crypto fraud tsunami that is currently sweeping across the cybersphere of this planet. The UK FCA issues almost a dozen warnings against these scams every day. One of them is SkytimeFxpro. The one is worth mentioning in that the potential victims can deposit not only with crypto but also via credit and debit cards using Tribe.

February 3, 2022

Shrek! Stay away from crypto scam Vantage Capital!

A few days ago, we published a comprehensive account of the offshore broker activities of the FCA- and ASIC-regulated Vantage Group. The group's offshore brands include Moneta Markets, Vantage, and VT Markets. They operate without authorization in the UK and EU. On the other hand, Vantage Capital FX does not belong to this group. The operator is UK-registered Vantage Capital Ltd. The UK Financial Conduct Authority (FCA) has already issu

February 2, 2022

Investor warning against Zion Finance crypto investment scheme!

Crypto investment scheme Zion Finance (www.zion-finance.com) promises customers 280% return within 12 months. According to information on the website, the operator is Zion Finance Ltd, registered in the UK since 2018. We have not found the company. Clients can make deposits only with cryptocurrencies. In addition to the website, Zion Finance also offers an app. The UK Financial Conduct Authority (FCA) has issued a warning against the crypto investment scheme.

January 30, 2022

R4I – Scam-facilitating illegal payment processor PGSellers!

Victims of several scams have sent us payment documents proving that they made their deposits to the scams via PGSellers Ltd. Officially, PGSellers sells courses, ebooks, or education packages to would-be online traders. However, we have already discovered PGSellers as an illegal payment processor for IGM Holdings, HQ Trade, and FinoCapital. PGSellers is a registered merchant with several payment services providers and is owned by the British Paul Solinsky.

January 27, 2022

Attention! Do not fall for Coinbase imposter and adxs.exchange

There is a strange website conncected with htts://adxs.exchange. On the one hand, this website offers a fund recovery project that allegedly brings back the money to the victims of online fraud. On the other hand, it also provides trading in cryptocurrencies right away. The website states a UK company adsx.exchange UK Ltd with the company number 09083955 as the operator. However, this registration number belongs to Coinbase UK Ltd, which has nothing to do with the listed crypto exchange Coinbase. Stay Far Away from these stealing idiots.

January 26, 2022

Bravo! UK watchdog continues with crypto warning tsunami!

Make no mistake. FinTelegram is a big fan of cryptocurrencies. In our opinion, the inflated FIAT monetary system has failed, got out of control, and is doomed. While cryptocurrencies are native to the emerging CyberFinance era, FIAT has little left. But we don't want to discuss monetary policy here but the dark side of crypto. Unfortunately, scammers use crypto to rip off consumers with highly scaleable schemes; crypto is a crime facilitator. The UK FCA has issued more than 100 warnings since mid-December 2021.

Crypto Schemes

January 21, 2022

Urgent Warning! The fraudulent Meta Token ICO still attacks with new domain!

After our warning about the fraudulent Meta Token ICO that presents itself with the logo and other credentials of Mark Zuckerberg's Meta Platforms, Inc., numerous victims contacted us. The scammers took the old site offline and continued their campaign with the new domain https://metav3token.com. The fraudsters plan to sell up to 15 million META Tokens in a pre-sale offering. Stay far away; this is a scam planning to victimize you and rip you off; it has nothing to do with Zuckerberg or Meta Platforms.

January 20, 2022

Exposed! The vast and fraudulent crypto investment scheme around Lunafunds!

FinTelegram has been following the crypto investment scheme scene for months and has discovered an extensive network. The UK Financial Conduct Authority (FCA) has issued a warning against EliteFXOptionTrade (www.elitefxoptiontrade.com). Although the name of the scam suggests a broker, it's a crypto-based investment scheme promising daily returns of up to 90%. Of course, this is bullshit. This brand is just one of numerous others of the super-aggressive Lunafunds crypto schem

Crypto Schemes

January 11, 2022

Attention! Do not fall for the Prime Trading Partner investment scam!

There is no question that cryptocurrencies have boosted the online trading scammer scene. After the ban of binary options in most regulatory regimes, the scam scene has taken a dip. However, we have been increasingly seeing crypto trading and investment scam platforms replacing binary options for the past few months. 95% of them are scams, such as Prime Trading Partners (www.primetradingpartners.com) operated by the U.S. perpetrator Keith Buck. Please do not fall for those scams! Stay alert!

January 8, 2022

Attention! BaFin investigates Cake DeFi of former MLM artist Julian Hosp!

The crypto platform Cake Defi (www.cakedefi.com), founded in June 2019, is backed by well-known Austrian entrepreneur, blockchain expert, and former MLM artist Julian Hosp. Cake Defi provides access to a wide range of decentralized financial services, or short "DeFi," enabling customers to generate returns from their crypto and digital assets. However, BaFin has determined that the company may be conducting unauthorized banking business or financial services in Germany.

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.