The broker scam QuantumMarket (www.quantummarket.net) is allegedly operated by QuantumMarket Ltd, registered in the Commonwealth of Dominica. On the website, the prestigious address The Shard in London is also given. The truth, however, will be that the boiler rooms of the scam will be in Ukraine, the Balkans, Cyprus, or offshore. The German regulator BaFin has issued a warning against QuantumMarket and announced an investigation. We discovered the crypto payment processor Coinicash as a facilitator.
Our review found the crypto payment processor Coinicash, through which QuantumMarket victims buy bitcoins using credit or debit cards and then transfer them to the scam’s wallets. According to the information on the website, the operator of the unregulated Coinicash is Nigina Trading Ltd In the United Arab Emirates. The registered office of Coinicash is hosted with the Local Consultancy DMCC. The integration of Coinicash into the scam is deep, as the purchase of Bitcoins is possible without prior registration and KYC.