Tag: Nigina Trading

Maltese SysPay, Coinicash, and AdvCash facilitate the Gento GX scam and others

Illegal Broker Activities tamir - September 5, 2021

It is no secret that we consider scam-facilitating payment processors to be much more dangerous than the scams themselves. These payment processors make the scammer scene possible; they are the facilitators of the fraud attacks on consumers and retail investors. Many crypto payment processors have been established in recent years, giving the high-risk and scam-facilitating scene another boost. In many cases, crypto payment processors hold bank accounts with regulated institutions to facilitate scams like Coinicash, AdvCash, and PaySys in the Cento GX scam.

Investor warning against QuantumMarket facilitated by Coinicash

BaFin tamir - August 25, 2021

The broker scam QuantumMarket is allegedly operated by QuantumMarket Ltd, registered in the Commonwealth of Dominica. On the website, the prestigious address The Shard in London is also given. The truth, however, will be that the boiler rooms of the scam will be in Ukraine, the Balkans, or Cyprus. The German regulator BaFin has issued a warning against QuantumMarket and announced an investigation. We discovered the crypto payment processor Coinicash as a facilitator.

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