Currently, not a day goes by without a financial market regulator warning about one of the scams from the worldwide PumaTS scam broker network. It’s about time for law enforcement agencies in various EU jurisdictions to take action. In any case, the Leverate Financial Services Ltd which is regulated in Cyprus by CySEC can be used approached to identify the beneficial owners and individuals behind PumaTS. The latter is a white label broker platform provider as well as a partner and client of Leverate and operates a vast scam broker network.
The facilitating payment processors of the Backstone500 scam are the licensed Estonian crypto payment processor BlueData OÜ (see companies register) with the brand XChangePro (www.xchangepro.net) and the Russian Certus Finance (www.certus.finance). Both payment processors can be found in several PumaTS scams. Both payment processors are integrated into the scam via the PayBox APIs.