Trustfina | FinTelegram News

Tag: Trustfina

May 26, 2022

Urgent Warning Against SinaraCorp, BitnextLTD, And Their Cybercrime Network!

The FinTelegram team investigates most financial regulator alerts in more detail to determine which payment processors and other facilitators are involved and on which platforms the scams are running. This way, we can consistently come up with networks of related scams. The German BaFin has issued a warning against SinaraCorp and the Austrian FMA against BitnexLTD. Both scams are identical and white-label clones from the same cybercrime network that operates dozens of other scams. Some we have already exposed in the past. Here is an update.

March 11, 2022

Urgent warning against High Net Group Ltd, SinaraCorp, and its vast scam network!

The Austrian FMA recently issued an investor warning against the SinaraCorp broker scam. The alleged operator is the Marshall Islands-registered offshore entity High Net Group Ltd. We already know this company and the scammer network as operators of a vast network of scams like TrustFina, Cryptansa, or SelfKings. These scams have been massively promoted via fraudulent campaigns like YuanPay or Bitcoin Circuit in recent months. Please do not fall for them and keep your money and data.

Illegal Broker Activities

October 28, 2021

Urgent warning! Selfkings broker scam threatening victims with physical attacks!

We warned against the broker scam SelfKings attacking investors in Europe and Russia a few weeks ago. Their boiler room agents are threatening their victims. This scam is run by the very same scammers and boiler rooms that run the Cryptansa (www.cryptansa.com) and TrustFina (www.trustfina.com) scams and probably others. Xem Cloud Ltd in the Marshall Islands allegedly operates SelfKings.

Illegal Broker Activities

September 23, 2021

Attention! Stay away from the SelfKings broker scam

the broker scam SelfKings (www.selfkings.com) attacks investors in Europe and Russia with its boiler rooms. SelfKings is run by the very same scammers and boiler rooms that run the Cryptansa (www.cryptansa.com) and TrustFina (www.trustfina.com) scams and probably others. Xem Cloud Ltd in the Marshall Islands allegedly operates SelfKings. The offshore entities High Wealth Group Ltd and High Net Group Ltd in the Marshall Islands operate TrustFina.

September 13, 2021

Attention! YuanPay Group fraud campaigns hunting victims for TrustFina scam

A fake Forbes article on the Ikonitex website leads us to the fraudulent YuanPay Group campaign Safe Investment Daily website (https://safe-investment-daily.com). The promise of quick riches is always made there. Anyone who registers with the campaign is automatically created as a future victim of the TrustFina broker scam and redirected to its payment page. The scam is operated via High Net Group Ltd in the Marshall Islands. German and English-speaking consumers are attacked. We have already warned about the TrustFina scam.

Illegal Broker Activities

September 3, 2021

Alert! Stay far away from Trustfina and Cryptansa broker scams

The notorious Bitcoin Circuit fraud campaign is running today on the website https://insaneoffrforyou.org and chases victims for the broker scam Trustfina. The offshore entity High Net Group Ltd is allegedly operating the scam. When registering on Bitcoin Circuit, one is also automatically registered as a victim with Trustfina and redirected to the scam's payment page. There, victims can lose their money via credit and debit card, bank transfer, or crypto. Stay far away from Trustfina and its scam twin Cryptansa.

Circle Joins U.S.-Led Initiative to Combat Illicit Finance in Virtual Assets!

Erik Rosenblatt, a senior leader at US stablecoin issuer Circle, will represent the company on the Illicit Virtual Asset Network (IVAN) board. Prior to joining Circle, Rosenblatt spent over two decades as a special agent with the U.S. Department of Homeland Security and the U.S. Department of the Treasury. As part of IVAN, Circle will have a voting role in determining the network's priorities and membership.

Evil Corp: A Comprehensive Report on Russia’s Family-Driven Cybercriminal Organization!

The U.S. Department of Justice and Department of Treasury have taken significant action against Evil Corp, a Russia-based cybercriminal group responsible for developing and distributing malware that has stolen over $100 million from banks and financial institutions across 40 countries. Evil Corp appears to operate as a family enterprise, with multiple family members involved.

Good News For Crypto: SEC Enforcement Director Gurbir S. Grewal Steps Down After Impactful Tenure!

The U.S. Securities and Exchange Commission (SEC) is set to experience a significant leadership change as Enforcement Director Gurbir S. Grewal announces his departure. Grewal oversaw a period of heightened regulatory activity specifically targeting the crypto sector. Under his leadership, the SEC Filed high-profile lawsuits against major cryptocurrency exchanges, including Binance and Coinbase.

U.S. DOJ Indicted Russian Hacker and Evil Corp Member Aleksandr Viktorovich Ryzhenkov!

The U.S. DOJ unsealed an indictment charging Russian national Aleksandr Viktorovich Ryzhenkov with using the BitPaymer ransomware variant to attack numerous victims in Texas and throughout the U.S. and hold their sensitive data for ransom. According to the indictment, beginning in at least June 2017, Ryzhenkov allegedly gained unauthorized access to the information stored on victims’ computer networks.

Starling Bank Slammed with £29M Fine for ‘Shockingly Lax’ AML Controls, Exposing UK Financial System to Criminals!

The UK neobank Starling Bank has been fined £29 million by the UK FCA for opening accounts for high-risk customers and failing to screen against full sanctions lists. Its rapid expansion outpaced its compliance measures, leaving significant gaps in its AML framework. Starling grew from approximately 43,000 customers in 2017 to 3.6 million in 2023. However, measures to tackle financial crime did not keep pace with its growth.