As doggy crypto dealers continue to flock the crypto space, the financial watchdog in Belgium, the Financial Services and Markets Authority (FSMA), has warned Belgians against involving themselves with crypto websites that may be out to defraud them,
The crypto websites include cashlesspaygroup.com, cobber-finance.com, conseil-premium.com, cryptomonaies.com, direct-ep.com, epargnecapital.com, gbe-capital.com, moneo-invest.com,phoenix-gm.com
The financial regulator notes that the scammers have not changed their scamming tactic noting that:
The principle remains the same: they offer you an investment they claim is secure,easy and very lucrative. They [then] try to inspire confidence by assuring you that you don’t need to be an expert in cryptocurrencies in order to invest in them.
They claim to have specialists who will manage your investments for you. You are told that your funds can be withdrawn at any time or that they guaranteed. In the end, the result is always the same: victims find themselves unable to recover their money!
This year, authorities in Belgium have been trying to keep up to date with the happenings in the cryptocurrency space in a move to protect their citizenry from falling into the cruel hands of the scammers.
Apart from the 14 crypto websites, the Belgian financial watchdog has outlined, it had in early this year asked Belgians to do a thorough background check before investing in any cryptocurrency.
In its February warning, the FSMA outlined that these scammers use terms as ‘invest in cryptocurrencies with full confidence’ or ‘invest in digital currencies in full confidence on one of the most renowned platforms on the market’ or ‘XXX:trading in cryptocurrencies easily at last!’
It is advisable,even if you are not from Belgium, to take note of the 14 crypto websites in case the same scammers come after you.
Do you think scammers are successful due to a lack of investors to conduct a thorough background check on crypto websites?
Let us know your thoughts in the comments section below.