Tag: ZCoinPay

FinTelegram warned already twice against the EuropaTradeCapital broker scam and exposed Zcoinpay as facilitating payment processor. Finally the German regulator BaFin announced investigations against the operators, St. Vincent & The Grenadines registered FD Trade LLC. These investigations regularly lead nowhere as these scams are not a compliance matter but fraud and thus fall under the jurisdiction of the law enforcement authorities. In our review today, registration was no longer possible. The EuropaTradeCapital scam will soon be gone with the victims' money.

On 4 April 2022, FinTelegram issued a warning against the broker scam Europa Trade Capital, which deployed the BitIQ to chase after victims. On 15 April 2022, the Austrian Financial Market Authority (FMA) also issued a warning against this fraud. In our initial review, we exposed Zcoinpay a/k/a Coinsxo as the facilitating crypto payment processor. Europa Trade Capital is still active and hunting for new victims in Europe. Please stay far away, and protect yourself from financial loss and the misuse of your data.

The fraudulent BitIQ campaign is currently being promoted by various websites and emails. This morning, we noticed in our review that the broker scam Europa Trade Capital is hunting for new victims via BitIQ. After registering with BitIQ, victims are directly redirected to the scam's payment page. There they can lose their money via deposit with Bitcoins. As a crypto payment processor, we have discovered Zcoinpay a/k/a Coinsxo. Stay far away.

FinTelegram has warned about the IGC Markets broker scam several times. Today, the scam is being promoted by the fraudulent marketing campaign Bitcoin Prime and mainly targets German-speaking victims. As a payment processor, we have discovered the mysterious crypto payment processor Coinsxo in BoxiPay cashier. Its website does not provide any information about the legal entity of the operator. Cyprus is stated as the Coinsxo jurisdiction.