Invest in Cryptocurrencies: Beware of fraudsters using cryptocurrencies to swindle consumers
The Financial Services and Markets Authority (FSMA), a public institution that supervises the Belgian financial sector, has issued a warning to inform public and investors about cryptocurrency trading platforms with identified signs of fraud.
In accordance the warning, the FSMA informs that despite its earlier warnings, the FSMA continues to receive new complaints of consumers who have invested in cryptocurrencies through the trading platforms mentioned below and of its list.
The FSMA repeats its warning against the fraudsters behind those platforms who are using cryptocurrencies to swindle consumers.
Cryptocurrencies are the hype of the year. Fraudsters are well aware of that, and try to attract customers online through fake cryptocurrencies and huge profits. The only thing they actually do, however, is take the customers’ money and disappear. It is as simple as that.
Since its most recent warning the FSMA has continued to receive new customer complaints. The number of victims of cryptocurrency fraud clearly continues to increase. Consequently, the FSMA reiterates its warning against such fraudulent practices.
The FSMA has also updated its list of cryptocurrency trading platforms regarding which it has received questions/complaints from consumers and vis-à-vis which it has identified signs of fraud. Please find herewith the list of recently identified websites:
- www.1st-cryptobank.com
- www.bitc-international.com
- www.boursebitcoin.com
- www.ccg-investment.com
- www.crownmanagers.com
- www.crypto.bnd-group.com
- www.crypto-access.com
- www.cryptofrancecapital.com
- www.cryptorama-bank.com
- www.cryptos-marketplace.com
- www.cryptowallet24.com
- www.e-cryptoney.com
- www.ecrypto-international.com
- www.emarketstrade.com
- www.executivecrypto.com
- www.fair-oakscrypto.com
- www.fast-coin.eu
- www.globalmarkets-group.com
- www.ldc-crypto-com
- www.lgsinvestpartners.com
- www.london-exchange.com
- www.minedecrypto.com
- www.mondial-investissement.com
- www.placementcrypto.com
- www.primecryptobank.com
- www.truetrade-capital.com
- www.vechain-wallet.com
- www.wallet-coins.com
FSMA notice that this list of cryptocurrency trading platforms is based solely on the findings of the FSMA, in particular as a result of consumers’ reports.
Source: FSMA – Warning against new cryptocurrency trading platforms
