Novox Capital | FinTelegram News

Tag: Novox Capital

December 27, 2022

Be Cautious When Trading With Novox Capital Successor PrimeXBT!

We recently brought an update on Novox Capital Ltd, a CySEC-regulated investment firm (CIV) that was notorious for facilitating vast binary options scams. Until a few months ago, the entity was controlled by Shay Hillel and Yehoram Hillel. The company was apparently sold to Dmitrij Pruglo and renamed PXBT Trading Ltd. It applied for voluntary suspension of its CySEC license due to the acquisition. Pruglo is the CEO and shareholder behind the Malta-registered crypto company Coinvesting and one of the key players of the PrimeXBT offshore crypto trading platform.

December 26, 2022

Interesting! The Vanished Binary Options Scam Facilitator Novox Capital And Its Legacy!

More trials against binary options scam operators or their facilitators coming up in the first half of 2023. The former beneficial owners of the (then) CySEC-regulated Novox Capital Ltd are also in the spotlight: the Israelis Shay Hillel, Yehoram Hillel, and their partner and frontman Israel Bash. They are currently not charged however the prosecution alleges that their Novox Capital had been massively involved in running and facilitating vast binary options scams. Gal Barak and his cybercrime organization E&G Bulgaria were a close partner and client of Novox Capital.

November 30, 2022

Funny: CySEC Fined Suspended Binary Options Perpetrator Novox With €100!

The CySEC board informed that it imposed an administrative fine of €100 on Novox Capital Ltd since it did not successfully submit the QST-CIF Form to CySEC for the first quarter of the year 2022 within the set deadline, as required by Circular C497 of CySEC. Effective October 1, 2022, former binary options broker Novox Capital has voluntarily suspended due to acquisition and restructuring. The website is offline.

April 29, 2019

Illegal Broker – Gal Barak Moves Boiler Rooms To The Philippines

Pictured from the left: Maor Sioni, Gal Barak, Itzik Gellet, and friend. FinTelegram has learned from insiders of the Gal Barak cybercrime network that after..

Enforcement Actions

July 12, 2018

VELTYCO BINARY OPTIONS NETWORK – INVESTORS CLAIM SUPPORT INITIATIVE

The Binary Options Scam World In recent years, hundreds of thousands of customers have invested in binary options and lost a lot of money. According..

July 10, 2018

VELTYCO´s HOLY GRAIL 2017: BINARY OPTIONS AND ZOOMTRADER(GLOBAL)!

What is Melissa BLAU doing next? Since March 2018 Melissa BLAU is VELTYCO´s CEO. Her first official statement was done as of March 29, 2018, noting..

UNODC Report: Technology-Powered Cybercrime on the Rise in Southeast Asia!

The billion-dollar cyberfraud industry in Southeast Asia is booming, fueled by organized crime syndicates exploiting the latest in AI and cryptocurrency. The UNODC report notes that these criminal networks are outpacing government efforts to regulate and combat their operations. Urgent reforms and enforcement are needed to prevent further damage.

How U.S. Law Enforcement Infiltrated The International Crypto Scene!

In an unprecedented move, the FBI infiltrated the crypto world with its own token, NexFundAI, to crack down on market manipulation. This case marks a significant shift in crypto enforcement, signaling that law enforcement is evolving its tactics to keep pace with the complexities of the digital asset space. As more fraudsters are exposed, the crackdown on wash trades and pump-and-dump schemes is just beginning.

Breaking: German Co-Founder of Crypto Fraud Scheme USI Tech On The Run!

USI Tech was one of the first MLM schemes to use cryptocurrencies to defraud its investors. FinTelegram has issued several warnings aginst the scheme. Horst Jicha has now gone fugitive, leaving behind a trail of defrauded investors and evading justice in the $150 million USI Tech fraud case. With Jicha on the run, the case serves as a chilling reminder of the risks in the volatile crypto world.

Binance Chief Financial Crime Compliance Officer Denied Bail in Nigerian Case!

Think twice before starting to work for the world's larger crypto exchange. As Binance’s financial crime compliance officer faces money laundering charges in Nigeria, questions mount over the company’s compliance safeguards and the risks involved in its global operations. The denial of bail for Tigran Gambaryan and the ongoing legal battle could have far-reaching implications for the company’s future.

Fintech

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.