The Financial Services and Markets Authority (FSMA) has warned against fraudulent online platforms that claim to specialise in trading cryptocurrencies.
Fraudulent crypto platforms are not hesitating to use the logo of regulators, such as the FSMA, to appear credible, the authority reports. Specifically, the financial watchdog warns against the platforms Crypto Profit FX, Tenndex, xmsite and xmsite-coin.
These platforms, which often make contact via social media such as Telegram, Instagram and WhatsApp, promise wealth to those who invest in cryptocurrencies. But victims who have been tempted often did not hear from the platform after they invested or were asked to pay additional costs, and did not see their invested money again.
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The FSMA advises people not to be misled by professional-looking websites, to be wary of excessive profits promised and to always check the identity of the company approaching them. In case of doubt, the consumer can contact the FSMA directly via a contact form.
