Fund Recovery | FinTelegram News

Category: Fund Recovery

Fund Recovery

March 31, 2023

Urgent Warning Against IFW Global Fund Recovery Scam!

Fund recovery scams are the last scum. They primarily attack victims who have already lost money and exploit their desperation. They promise to recover the money lost to online trading scams. However, to do so, a deposit must first be paid to cover the costs. IFW Global has issued a warning today that impersonators use their logos and credentials to attack victims. West African criminals allegedly operate the scam. Stay far away from it.

March 9, 2023

Red Compliance: Be Careful With The Israeli Fund Recovery Scheme Ellis and Burlington!

Anyone searching on Google for terms such as cybercrime, scams, or action fraud will receive an advertisement for the Ellis and Burlington fund recovery scheme, among others. A woman and a man are shown on the website as the founders. Details about the founders or individuals related to the company are searched for in vain. This looks very fishy. We recommend scam victims to be very careful with Ellis and Burlington and assign a "Red Compliance" rating.

Fund Recovery

February 21, 2023

Urgent Warning Against Fund Recovery Scheme Blockchain Investigation Agency!

In most cases, fund recovery scams are run by the same scammers who previously scammed people with their broker scams. This also seems to be the case with the allegedly Swiss-based Blockchain Fund Recovery Agency. Victims report that the same people would be behind it as behind the vanished broker scam TudoFX. Even if you lost money and are in a desperate state: stay very far away and protect your remaining financial health.

February 2, 2023

Urgent Warning (Again) Against Blockchain.com Fund Recovery Scam!

For more than a year now, we have observed various fund recovery scams that claim in emails to consumers that a Bitcoin (BTC) balance has been discovered in a Blockchain.com account that would be in their name. For the payout of the BTC balance, the consumers would only have to transfer a few hundred (sometimes a few thousand) euros or dollars to cover the recovery costs. Please do not fall for these scammers.

December 17, 2022

Attention: Blockchain.com Fund Recovery Scam With The 2-Year Inactivity Approach!

We have been informed that scammers pretending to be Blockchain.com support agents are sending out emails informing the receiver that they have Bitcoins on a frozen account. However, the account was frozen and disabled from the system for the reason of not showing any activity for a period of time of more than two years. The account would remain frozen until the owner provides proof of identity (POI) and proof of address (POA) by uploading documents. Do not fall for these scammers!

December 8, 2022

Urgent Warning Against The FundsPayBack Scheme!

In August 2022, we warned against the self-proclaimed fund recovery specialist FundsPayBack, which allegedly has offices in the U.S. and U.K. They claim that they have been in business for 25 years and recovered nearly $41 million for 5,000 victims. The fact is that this scheme has only been active since January 2022 and works with fake reviews on Trustpilot. We have seen some of their documents and believe it's a scam.

December 2, 2022

Urgent Warning Against Blockchain Fund Recovery Scam!

Currently, crypto investors have bad times. About a year ago, bitcoin peaked at around $65,000.Since then, things have gone steeply downhill. Many large crypto companies went belly up. Most recently, FTX filed for Chapter 11 bankruptcy. Scammers use this desperate scenario to run their campaigns via email, WhatsApp, or Telegram and promise people to get them funds from crypto exchanges. Stay far away. They only want your money!

October 28, 2022

Urgent Warning Against German Fake Crypto Regulator!

There is no crypto market regulator in Germany. BaFin has issued a warning against the so-called KryptoMarktAufsicht, which offers victims of forex and crypto scams to help them to recover their funds. In doing so, KryptoMarktAufsicht appears as an authority supposedly based in Berlin. For this purpose, consumers are supposed to leave their personal data. Boiler room agents are also contacting victims by phone. Stay very far away.

October 3, 2022

Urgent! Do Not Fall For Fund Recovery Scam Blockchain-Cryptotransfer.com!

We received another email from one of the numerous fund recovery scams that pretend to be an authority. In the email, a financial inspector named Sylvie Hopper ([email protected]) informed us that they found almost $33,000 on an account that seems to be related to us. We could request the payout. Before that, however, we have to make a phone call with the financial inspector (Dutch number +31616780252), who is actually a boiler room agent. Stay very far away.

September 18, 2022

The Scam Legacy And Collapse Of FCA-Regulated Payment Processor NordPay

Currently, the indictments and trials against the operators of the Israeli scam network around GetFinancial are taking place in Germany. Around the GetFinancial scam, fund recovery scammers preyed on GetFinancial victims, posing as agents of the Cypriot regulator CySEC. The fund recovery scam victims' deposits were made to accounts at FCA-regulated high-risk payment processor NordPay Financial Ltd d/b/a CentralPay and Paysite Cash. NordPay collapsed following disputes between the founders and went into administration in April 2021.

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.

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.