Tag: SimpleXP

Whistleblower request – Illegal UK payment processor Getgiftcard!

Illegal Broker Activities tamir - May 9, 2022

German BaFin issued a warning against the broker scam SimpleXP and announced investigations. The regulator noted that SimpleXP is connected to other cons like EUAktien, EUSchild, WSXP, or KryptoInv. We have analyzed and warned about some scams of this cybercrime network in the past. Our reviews found that some of these scams are facilitated by the illegal payment processor Getgiftcard which processes deposits for the mentioned scams via sofort (by Klarna). We would like to know more.

German-speaking consumers attacked by WSXP broker scam

Illegal Broker Activities tamir - May 8, 2022

The German-speaking market has always been very attractive for scam brokers. One of them is WSXP, which exclusively attacks German-speaking consumers. The WSXP white-label scam is an exact clone of other fraudulent trading platforms such as EUAktien, EUSchild, SimpleXP, or KryptoInv. They all operated with the very same set of payment facilitators. It is, therefore, reasonable to conclude that the same cybercrime organization is operating these broker scams. The German BaFin recently launched a probe into SimpleXP.

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