CryptoFinancial | FinTelegram News

Tag: CryptoFinancial

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!

October 5, 2021

FCA warns against PandaTS scam client Coinnery!

Broker technology and platform provider PandaTS is currently facing some hassles with law enforcement agencies from several jurisdictions. Law enforcement agents from the Israeli police and their counterparts from other jurisdictions reportedly raided PandaTS‘ offices in Israel recently. It is well known that the PandaTS platform is used by many scammers. The UK FCA has followed FinTelegram's assessment and issued an investor warning against PandaTS white-label scam Coinnery operated by Coinnery Ltd.

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.