Tag: Bitcoin Up

For about two years now, Bitcoin scam campaigns Bitcoin Up, Bitcoin System, Bitcoin Profit and many more have been used to constantly chase new victims for broker scams. These sites are operated by special digital marketing agencies through affiliate systems. For this, these agencies receive commissions from the victims' deposits. Mostly these agencies remain in the darkness of the internet. Whistleblowers have brought to our attention MonetizeAd in Sarajevo, which runs some of these scam campaigns. We would like to know more.

Google, like Meta, has been massively criticized for making a lot of money from advertising scammers. The UK FCA issued 1,200 warnings in 2020 about scams made by fake companies on Google and social media platforms. Consequently, in August 2021, Google UK & Ireland re-regulated the advertising of financial offers, allowing only FCA-regulated firms to advertise financial services, including crypto ads. On the other hand, on Google DE, fraud scheme operators can still buy ads without any restrictions.

On December 20, 2021, the Italian regulator Consob issued a warning against a total of 15 websites that offer illegal financial services or are scams. In contrast to the last weeks, Consob did not announce a blackout of the websites. Among those warned is also the offshore broker Moneta Markets and its operator Vantage Global Limited. In addition, the Italian regulator has also warned about several fraudulent Bitcoin marketing campaigns. Below is the list of the latest warnings:

In our morning roundup today, we discovered that the Bitcoin Trader (www.bitcointrader.site) fraud marketing campaign is hunting potential victims for the BenefFX (www.beneffx.com) broker scam today. The operator of the scam, who bills itself as "being beneficial" is Optium Ltd, registered in the Marshall Islands, and the payment agent is Bulgarian Key Solutions Ltd. We issued an investor warning back in November 2021. Stay far away and save yourself losses and mental issues.

Unsurprisingly, the ongoing crypto hype is also used by scammers. We have often reported fraudulent marketing campaigns like Bitcoin Up or Bitcoin Prime that catch victims for broker scams with the promise of quick wealth via cryptocurrencies. The German regulator BaFin has announced investigations against Terracoins (www-terra-coins.co) for allegedly conducting banking activities without the required permission. The truth, however, is that Terracoins is a scam on top of that.

In today's reviews, we were led via some fraudulent marketing campaigns on the Top Brokers Comparison platform (www.topbrokerscomparison.com) to the broker scam ImperialFunding (www.imperialfunding.de) which seems to attack primarily German consumers. The Bulgarian A&E Products Ltd allegedly operates this very poorly made white-label scam. In our review today, no deposit was possible without direct contact with boiler room agents. Stay far away from this scam, keep your money and your data!

The fraudulent Bitcoin Up marketing campaign today promotes the BenefFX broker scam. After registering with Bitcoin Up, prospective victims are redirected to BenefFX's cashier page. There, victims can lose their money via credit and debit cards as well as PayRetailers and AcePay. The scam is allegedly operated by the offshore entity Optium Ltd, registered in the Marshall Islands. Key Solutions Ltd in Bulgaria is stated as the payment processor. BenefFX attacks victims in English, German, Chinese, Spanish, Italian, and Arabic.

Today, you may receive emails from @way2freedom.club and @planet2.digital, including links to Global Offers' websites (www.globaloffers.online or www.globaloffers.cc) and the campaigns deposited there. For the potential victims, various campaigns with videos and texts in German and English are deposited. Via campaigns like Swiss Methode, Bitcoin Up, or Bitcoin Bank, the potential victims are led to the Introducing Broker Algo Machine (www.algo-machine.com), promoting the broker scam UniteEx today. Stay away. Far away!