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Tag: YuanPay Group

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.

May 18, 2021

Compliance Issue – fraudulent crypto campaign YuanPay also promotes CySEC companies!

Today we have received several emails with the message that larger sums have been credited to our account. We would only have to log into our account quickly to be able to dispose of it. That sounds great, doesn't it? The reality, however, is that clicking on the links in the emails redirects us to Investments 4 You, where various fraudulent campaigns are offered. Clicking on the different links in these fraud campaigns takes you via some intermediate pages to the already known YuanPay Group (www.yuanpay-system.com) to the StockCore broker scam and, alternatively, to CySEC-regulated brokers. Again!

May 7, 2021

Daily Affiliate Alert – Fraudulent Bitcoin Worldwide campaign promotes broker scams

Today we receive an email in which we are informed that there would still be a credit balance of more than €1,800 on our account. They had already tried to contact us several times to let us have our money! Within 48 hours, they would delete the account if we did not contact them. OK, let's have a look. The link in the email takes us to the BITCOIN WORLDWIDE campaign, where we are promised a bitcoin bonus. Then we are redirected to the YuanPay Group (www.yuanpay-system.com) site, which finally redirects us to payment pages of various scam brokers.

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.