The Belgian Financial Sector Regulatory Authority (FSMA) has issued a new warning regarding suspected crypto scams. The Agency publishes on its website a list of domains associated with fraudulent activities, and their number now stands at 131.
bitcoinmarketcap.com, bitcointraderspro.com, coinsmex.com, crypto-sfs.com, etc-market.co, fisherih.com, ltc-market.com, stsroyal. com and tdscapitalgroup.com were some of the sites added to the list of “fraud signs” crypto trading platforms.
The financial services authority said the list was created based on complaints from users. FSMA noted that the anatomy of these frauds remains the same, with fraudsters promising huge profits in simple steps, regardless of prior knowledge about cryptocurrencies.
The principle remains the same for any crypto scams
The Agency warned:
“The principle remains the same: they offer you an investment that they claim is safe, easy and very profitable. They try to inspire confidence by making sure you don’t have to be an expert in cryptocurrencies to invest in them. They claim that they have specialists who will manage your investments for you. You are told that your funds can be withdrawn at any time or that they are guaranteed.
In the end, the result is always the same: the victims are unable to recover their money! ”
From a legal point of view, the agency does not have the possibility to close this site directly, being required complex steps to impose such a measure.
Most of the time, Europol actions are needed, such as the one that took place this spring against bestmixer.io. In that investigation, authorities from three countries were involved and the site was closed.