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Tag: Fibonatix

The Defamation Campaign Of Cyprus Broker Scheme XBPrime!

Illegal Broker Activities Ben -
We brought an initial review of the XBPrime broker operated by the offshore entity MarketFinancials Ltd, a securities dealer registered by the FSA Seychelles. The truth is that XBPrime is run out of Cyprus via M&N Equity Research Ltd. The offshore entity is said to be owned by Cyprus-registered Proverial Ltd, where Israeli Asher Afriat is registered as a director. This guy also used to be the director of the CySEC-regulated K-DNA Financial Services Ltd, which later became FTX (EU) Ltd.

Offshore Broker XBPrime And Its Connections To FTX Europe!

Crypto Schemes Ben -
We brought an initial review of the XBPrime broker operated by the offshore entity MarketFinancials Ltd, a securities dealer registered by the FSA Seychelles. The payment agent is Cyprus-registered M&N Equity Research Ltd. The offshore entity is said to be owned by Cyprus-registered Proverial Ltd, where Israeli Asher Afriat is registered as a director. He is also a director of the CySEC-regulated FTX (EU) Ltd (formerly K-DNA Financial Services Ltd), which operated as FTX EU. CySEC recently suspended the license of FTX Europe (report here).

Update On High-Risk Payment Processor Fibonatix

FinTelegram Ben -
Fibonatix, founded by the Israeli Tal Miller, is an Israeli high-risk payment processor and used to be a notorious scam facilitator. It was one of the payment processors of Gal Barak's cybercrime organization E&G Bulgaria. In his trial, Barak confirmed that in addition to Payvision, Fibonatix was laundering the stolen funds. Since 2018, Fibonatix has been an FCA-regulated payment institution and opened offices in Berlin last year to focus on the DACH region!

Offshore Radar! CySEC-controlled Seychelles broker MarketFinancials and its brands!

FSA Seychelles Ben -
In Jan 2020, Finance Magnates reported that Growth Capital LLC, part of CySEC-regulated Mount Nico Group Ltd, would be a subsidiary of Saint Vincent and the Grenadines-based broker Invest100. The latter is just one of several offshore brokers facilitated through the FSA Seychelles regulated MarketFinancials Limited. We also found xpprime and bkfx. The latter used to be operated by MarketsFinancial until 2020 but is now operated by South African BKFX (Pty) Ltd and BKFX LLC in SVG.

Watch Out BaFin! Notorious high-risk payment processor Fibonatix goes Berlin!

FCA Charlene Lensburg -
This is perhaps not too good news for the German regulator. Fibonatix, founded by the Israeli Tal Miller, is a notorious high-risk payment processor. It has been facilitating dozens of broker scams. Fibonatix was also one of the payment processors of Gal Barak's cybercrime organization E&G Bulgaria. Barak confirmed that in addition to Payvision, Fibonatix was laundering stolen funds. Fibonatix, regulated as a payment institution by the FCA since 2018, announced the opening of an office in Berlin. It plans to serve the put a specific focus on the DACH region!

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

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