Tag: LAX Exchange

Investor warning against INT International Traders broker scam!

BaFin Ben - March 27, 2022

The German regulator BaFin has issued a warning against the INT International Traders broker scam. The operators are allegedly Finex Group Ltd and ZMARKET Ltd. On the INT International Traders platform, it is falsely claimed that the broker would be supervised by BaFin. As payment processors, we found behind Lax Exchange, AvalanchePay, Paypound, Neobanq, Kryptova, and others. However, some of the payment options have not been working in our latest review. The scam seems about to vanish with the victims' funds!

Fake regulators! German BaFin investigates Invest Area broker scam!

BaFin tamir - January 20, 2022

Earlier this week, the Spanish CNMV and the Italian Consob have issued warnings against Invest Area (www.investarea.com) and blocked the website, respectively. The German BaFin followed suit and announced an investigation into the scam broker, which works with fake regulatory certificates and bogus regulators. The Estonian citizen Urmas Lemsalu is registered as this entity's director and beneficial owner. Potential victims can deposit via credit and debit cards through the Estonian crypto platform LAX Exchange and Praxis Cashier.

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