Warnings and Alerts | FinTelegram News

Category: Warnings and Alerts

January 3, 2024

Urgent Investor Alert: Beware of Market Rumors And FUD Attacks as Crypto Faces Turbulence and SEC Scrutiny!

FinTelegram issues an urgent investor warning for the crypto market: Beware of rumors and market speculation! The crypto market has experienced a significant drop in prices within a few minutes, erasing gains spurred by rumors about the imminent approval of crypto ETFs by the U.S. SEC. The recent price plunge from nearly $46,000 to below $40,000 has been fueled by additional rumors suggesting the SEC's likely rejection of all crypto ETF applications in January.

December 11, 2023

Urgent Warning: Brace For Scam Attacks In The Anticipated Crypto Bull Run! Make Your Due Diligence!

The recent sharp rise in crypto prices points to the next crypto bull run. This means that regulated retail brokers such as Robinhood, Trade Republic, Coinbase, and Bitpanda will be courting customers and their funds, and scammers will be looking for potential victims with fake campaigns. If you plan to try your luck as a retail trader, you should first spend a lot of time selecting your broker. Avoid unregulated providers at all costs.

December 8, 2023

URGENT CONSUMER WARNING: Beware of Fund Recovery Scams Involving AnyDesk and TeamViewer!

It must be clearly stated that fund recovery with scammers is not successful in 99% of cases. Likewise, 99% of fund recovery schemes are also scams. These are facts. It has come to our attention through various victim reports that certain so-called "fund recovery" companies, including those such as Pay Back Ltd, may be engaging in dubious practices that could further endanger your financial security and personal privacy.

December 29, 2022

Urgent Warning Against Broker Scam Millenium One

European consumers are continuously hounded for broker scams via deceptive marketing campaigns with the promise of quick riches. For example, victims are caught for the MilleniumOne broker scam via the Elite Trader campaign. Victims registering with Elite Trader are immediately redirected to MilleniumOne's payment page. There they are asked to call the responsible account manager about the deposit. Stay far away and preserve your financial health.

July 28, 2020

Investor Alert – Potential crypto bull run leads to aggressive scam attacks

The lead crypto Bitcoin (BTC) has broken through the $10,000 resistance level after weeks of futile attempts and even took the $11,000 mark in the last 24 hours before bouncing back. The Ether (ETH) had already made an impressive bull run before and managed to break through the $330 mark. It is currently not clear whether this is really the long-awaited crypto bull run, technical market adjustments, or whale movements. Stay alert, don't fall for scammers and investment schemes.

Paxum Bank: The Offshore Bank for the Porn Industry!

Paxum Bank, an offshore financial institution based in Dominica, has found itself at the center of controversy due to its connections with high-risk industries and recent revelations about its relationship with the embattled Tate brothers. Specializing in serving the adult entertainment sector, the bank has become a key player in providing financial services to businesses often shunned by traditional banks. However, this niche focus has also drawn scrutiny from regulators and investigators.

Tate Brothers Case: The Misogynist Influencers Used Offshore Accounts to Launder Proceeds from Sexual Exploitation!

New evidence suggests that the influencer Andrew Tate and his brother Tristan Tate used offshore accounts, including Paxum Bank, to conceal profits from their controversial webcam business. The Tates are facing serious charges, including human trafficking and money laundering. This case highlights the need for robust AML/KYC practices, particularly for payment processors in high-risk sectors like adult entertainment.

UK FCA Charges First Individual for Operating Illegal Crypto ATM Network for Money Laundering!

The UK Financial Conduct Authority (FCA) has charged London-based Olumide Osunkoya with running an illegal crypto ATM network, marking the first case of its kind in the UK. As crypto ATMs are increasingly used for money laundering, the FCA's crackdown on unregistered operators underscores the need for strict regulatory compliance. The ATM scheme allegedly processed £2.6 million in crypto transactions.

Public-Listed Crypto Exchange Coinbase Has to Face Shareholder Lawsuit Over SEC Risks!

U.S. crypto exchange Coinbase must face a shareholder lawsuit accusing it of downplaying regulatory risks, specifically the chances of being sued by the SEC. While a U.S. judge dismissed parts of the case, the key allegation of misrepresenting regulatory risks will proceed. This case underscores the importance of transparency in the crypto sector, where regulatory uncertainties continue to loom large, particularly in the U.S.

U.S. Regulator SEC Charges Seven Public Companies for Violating Whistleblower Protection Rules!

The U.S. Securities and Exchange Commission (SEC) charged seven public U.S. companies with using agreements that restricted employees from reporting securities law violations, resulting in over $3 million in penalties. The SEC takes strict action against organizations and individuals who seek to contractually restrict whistleblowers' rights. The regulator needs insiders to disclose financial wrongdoing and compliance violations.