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May 24, 2022

Unauthorized stoxDC Broker Scam Still Chasing European Consumers!

FinTelegram has already warned several times against the PandaTS white-label scam stoxDC broker scam chasing new customers mainly via fraudulent marketing campaigns. In our initial review in February 2022, with the support of whistleblowers, we were also able to expose the supporting payment facilitators AdvCash and SysPay a/k/a SysPG, which we most recently also found in the IdealInvestFX broker scam. Since our review, the payment processors are no longer shown. Deposits are only possible by contacting the account manager beforehand. Stay far away from stox

April 3, 2022

Urgent warning! The stoxDC scam continues attacks on European consumers!

We have received another email from Investors Education. This time we are told that we have a chance to earn €800 in the next 17 minutes. All we have to do is register immediately. The link takes us to the BigTopChannel website where the fraudulent BitIQ campaign is advertised. Whoever registers there will be taken back to the payment page of the stoxDC broker scam. This PandaTS white-label broker has been running aggressive campaigns for days with fraudulent campaigns to constantly catch new victims. Maybe PandaTS should take action against its scam client?

April 1, 2022

Attention! Do not fall for PandaTS white-label scam broker StoxDC attacking European consumers!

In the last few days, many people have received emails from [email protected]. In these emails, you are informed that there are new transfer details for an alleged payment that you should have received. Please check the inserted link. The link leads to the website BigTopChannel (https://bigtopchannel.org) where investments in Amazon are suggested. From there you will be redirected to the payment page of the PandaTS scam broker StoxDC. Stay far, far away.

February 28, 2022

Attention! PandaTS-powered broker scam stoxDC attacks European consumers!

stoxDC is another illegal broker on the PandaTS white-label broker platform. Heimdall Developments Ltd, registered in the Commonwealth of Dominica, allegedly operates the scheme. The payment gateway is operated by the anonymous Hong Kong-based SysPG (https://syspg.net). Customers can make deposits using credit and debit cards and AdvCash. For deposits via AdvCash, Website2 is acting as a fake merchant. We were alerted by a victim of the stoxDC broker scam that this and other broker scams until recently operated under the same PandaTS Vendor ID.

February 27, 2022

Urgent Warning! Daxiron broker scam with new Domain!

The Daxiron broker scam operates with the new domain www.dax-iron.com. FinTelegram has warned several times over the last months against the Daxiron broker scam, which is only one of many broker scams running on the Israeli-Cypriot white-label platform PandaTS. The UK Financial Conduct Authority (FCA) joined FinTelegram in issuing a warning against Daxiron. We understand that law enforcement agencies in various countries investigate PandaTS and its clients. Here is an update!

October 20, 2021

Investor warning! Do not fall for PandaTS white-label scam 7XFX!

The exploding cryptocurrencies are constantly creating new scams that focus on the greed of consumers who still want to get in. Alongside this, every day, we find ever-growing warnings from financial market regulators against funds recovery schemes. And more and more law enforcement actions against scammers. That's the good news. Today the UK FCA issued a warning against the 7XFX broker scam. A white label scam of the Israeli PandaTS. Please shut them down!

August 30, 2021

Attention! New broker scams on the notorious PandaTS platform

PandaTS is currently facing some hassles with law enforcement agencies from several jurisdictions. Among them, the Israeli ones. Agents from the Israeli police and their counterparts from other jurisdictions reportedly raided PandaTS' offices in Israel almost two weeks ago. And seized a lot of data. It is well known that the PandaTS platform is used by many scammers, such as the already convicted cybercrime principal Gal Barak. He has also accused PandaTS of manipulating trades for white-label platform clients. In his trial, Barak moved the Austrian court to order a search of his home in Israel and Cyprus.

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.

Gotbit and Russian Executives Charged by U.S. DOJ and SEC for Crypto Market Manipulation!

Gotbit Consulting LLC, along with its Russian executives, has been charged by the U.S. DOJ and SEC for its role in a widespread market manipulation scheme. By using wash trades, Gotbit inflated crypto asset prices and volumes, deceiving investors and raising millions in illicit profits. The company’s fraudulent activities were executed across multiple jurisdictions, with key figures now facing extradition and prosecution.

SEC Charges Market Manipulators in Crackdown on Crypto Asset Fraud

The U.S. SEC has charged three market makers and nine individuals for manipulating the crypto asset market, generating artificial trading volumes and misleading retail investors. The fraudulent schemes created the illusion of active markets, prompting unsuspecting investors to pour money into manipulated crypto assets. The DOJ filed criminal charges against the scheme operators in a parallel transaction.

U.S. DOJ Charges 18 Individuals and Entities in Global Crypto Fraud Crackdown!

The U.S. DOJ has charged 18 individuals and entities in an international operation targeting market manipulation and fraud in the crypto industry. The defendants, including market makers and token promoters, are accused of using wash trading and false trading activity to deceive retail investors and artificially inflate crypto prices. This is the first major criminal case of its kind in the crypto market.