News & Warnings

Warning against new cryptocurrency trading platforms

Warnings
04/09/2018

Despite its earlier warnings the FSMA continues to receive new complaints of consumers who have invested in cryptocurrencies through these trading platforms. Hence, the FSMA repeats its warning against the fraudsters behind those platforms who are using cryptocurrencies to swindle consumers. The FSMA has also updated its list of cryptocurrency trading platforms vis-à-vis which it has identified signs of fraud.

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

Important notice: this list of cryptocurrency trading platforms is based solely on the findings of the FSMA, in particular as a result of consumers’ reports. As such, it does not include all the companies which might be operating unlawfully in Belgium in that sector. Should you have any doubts, please do not hesitate to contact the FSMA directly via the consumer contact form on its website.

For more information about this type of fraud, the FSMA invites potential investors to consult its warning of 22 February 2018, which includes a particularly detailed and telling testimony by a victim of such a platform. Furthermore, the FSMA refers to the awareness campaign organized by the Belgian FPS Economy in collaboration with the FSMA and Wikifin: www.temooiomwaartezijn.be / www.tropbeaupouretrevrai.be.