Tag: Blockchain Access UK

FinTelegram has already issued several warnings against fund recovery scammers who misuse the company data of BLOCKCHAIN ACCESS UK LTD to trap victims. The scammers claim that they have discovered wallets that belong to the victims. In order to receive a payout, they would first have to send a reactivation fee of around €500. This is followed by several more requests for payments. Stay far away.

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!

Our readers have brought to our attention that currently, scammers are posing as fake support staff from the crypto exchange Blockchain.com (www.blockchain.com) offering to unlock allegedly frozen Bitcoin assets. Of course, this is all complete bullshit. The scammers are appearing as clones of the FCA-regulated Blockchain Access UK Ltd. The FCA has already published a warning against these Blockchain.com clones on its website. Please do not fall for it. You can find the text of the email currently sent out below.

The Celsius Network and Three Arrow Capital debacle perfectly demonstrated that the crypto market has a fundamental regulatory issue. In March 2022, the UK FCA warned that it could not efficiently regulate the crypto giant Binance Group, which operates a wide variety of legal entities in different jurisdictions. The same is arguably true for the Blockchain.com Group. The company claims to have 37 million verified users with $1T+ transactions, which accounts for one-third of all Bitcoin. Largely without supervision because the company is not licensed but just registered.

Currently, the entire crypto scene is in a state of emergency. After the collapse of the Terra Luna scheme, crypto hedge fund Three Arrows Capital and crypto lender Celsius Network, many crypto companies are struggling to survive because they lost a lot of money. Even the major providers are not exempt from this. A kind of domino effect has set in and no one currently knows the true extent of this liquidity crisis. Some crypto companies have frozen withdrawals. Blockchain.com is likely to be among them.

We have received information from our whistleblowers about a fund recovery scam currently underway with a company called Blockchain Access UK Ltd. The scammers send messages via email and instant messenger services to people claiming that the UK FCA would authorize them to recover funds for victims. They would have discovered Bitcoins of the person in question on a wallet and would like to refund them. For this purpose, however, the person in question would have to deposit money in advance via CoinDeck for processing costs. Please do not fall for it.