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Belgium Warns of 19 Probable Fraudulent Cryptocurrency Exchanges

Lately, numerous cryptocurrency exchanging platforms have showed up on the web. They all claim to offer the best (or truly outstanding) exchanging platform(s), empowering the novices and experts to exchange digital currencies in a matter of seconds and with full […]

Prasanna Peshkar

Prasanna Peshkar

October 12, 2018 12:57 AM

Belgium Warns of 19 Probable Fraudulent Cryptocurrency Exchanges

Lately, numerous cryptocurrency exchanging platforms have showed up on the web. They all claim to offer the best (or truly outstanding) exchanging platform(s), empowering the novices and experts to exchange digital currencies in a matter of seconds and with full certainty. The FSMA of Belgium has, however, received numerous complaints about these trading platforms that claim to be active in the cryptocurrency world.

The Financial Services and Markets Authority of Belgium (FSMA) has warned people about 19 fraudulent cryptocurrency exchanges showing signs of fraud. FSMA is known as as financial guard of Belgium. They have been getting grievances from people about cryptocurrency exchanging platforms which are involved in fraud. They have issued a press release cautioning to all the platforms linked with these fake exercises.

The FSMA has published a list of cryptocurrency trading platforms about which it has received number of complaints from people and has identified signs of fraud.

FSMA also said that “This list does not contain all websites that may be unlawfully offering cryptocurrency trading platforms, but is based solely on reports which the FSMA has received from consumers and the observations that could be made as a result of those reports”

People never recovered the invested funds and also they never received further communications from the company.

Some of the complaints are as follows:

The list includes:

  • www.01crypto.net
  • www.btc-cap.com
  • www.capital-coins.com
  • www.coinquick.net
  • www.cryptavenir.com
  • www.crypto-banque.com
  • www.crypto-infos.com
  • www.cryptos.solutions
  • www.cryptos-currency.com
  • www.ether-invest.com
  • www.eurocryptopro.com
  • www.finance-mag.info
  • www.gme-crypto.com
  • www.gmtcrypto.com
  • www.gmt-crypto.com
  • www.good-crypto.com
  • www.mycrypto24.com
  • www.nettocrypto.com
  • www.patrimoinecrypto.com
  • www.ydconsultant.com
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FSMA’s Advice

  • Always verify the identity of the company
  • Always ask for clear and comprehensible information, and take a critical attitude to the information they provide.
  • Be wary of (promises of) completely disproportionate gains. Where a return seems too good to be true, it usually is.
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Prasanna Peshkar
Article By

Prasanna Peshkar

Prasanna Peshkar is a seasoned writer and analyst specializing in cryptocurrency and blockchain technology. With a focus on delivering insightful commentary and analysis, Prasanna serves as a writer and analyst at CryptoTicker, assisting readers in navigating the complexities of the cryptocurrency market.

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