FinTelegram has warned several times about the unauthorized offshore broker CedarFX operated by Cedar LLC in St. Vincent & The Grenadines. Related broker schemes are LonghornFX and CryptoRocket. The U.S. regulator Commodity Futures Trading Commission (CFTC) placed CedarFX and Cedar LLC on the RED list on June 12, 2023, along with dozens of other schemes and entities. Launched in 2015, the RED List now contains more than 240 entities.