Crypto Scam Alert! UK regulator warns against Bitcoin 24 Vantage FX, Crypto Prospect, and Bitfargo
Currently, we are falling over new crypto investment schemes every hour. They try to defraud consumers with sometimes absurd offers and promises. In recent days, the UK FCA has issued more than a dozen warnings against these crypto schemes. Most recently, the UK regulator has issued warnings against Crypto Prospect (www.cryptoprospecttradingfx.com), Bitcoin 24 Vantage FX (www.bitcoin24vantagefx.com), and Bitfargo (www.bitfargo.io). Stay far away.
Watch Out BaFin! Notorious high-risk payment processor Fibonatix goes Berlin!
This is perhaps not too good news for the German regulator. Fibonatix, founded by the Israeli Tal Miller, is a notorious high-risk payment processor. It has been facilitating dozens of broker scams. Fibonatix was also one of the payment processors of Gal Barak's cybercrime organization E&G Bulgaria. Barak confirmed that in addition to Payvision, Fibonatix was laundering stolen funds. Fibonatix, regulated as a payment institution by the FCA since 2018, announced the opening of an office in Berlin. It plans to serve the put a specific focus on the DACH region!
Warning against a clone of CySEC-regulated CharlGate!
We recently reported a warning issued by the Austrian Financial Market Authority (FMA) against ATFX Global, a clone of the ATFX Group. Their companies are regulated in Europe by the UK FCA and the Cypriot CySEC. The operators of the fraudulent ATFX clone are apparently also running a clone of the CySEC-regulated CharlGate Ltd d/b/a FXVIEW (www.fxview.com). This fraudulent clone is working with the domain www.charlgate.net/eu. And it primarily attacks German-speaking consumers.