The Trade99 scam puzzle and its Estonian payment processor
The Trade99 broker scam was notorious and had the dubious honor of receiving warnings and cease and desist notices from regulators worldwide. We reported about it a year ago and didn’t know much about the background. Then came the InvestXE…
Licensed Estonian scam-facilitator Woodstock and its payments network
We have recently discovered the licensed Estonian crypto payment processor Woodstock OÜ as a payment processor in the Trade Com scams network with ProfxCredit, FMA Crypto, Coinmond, GlobalSpotFX, Spotfinex, FXonspot, or TopEuroFX. These scams’ victims deposited money through Woodstock‘s bank…
Investor Warning – Russian Umarkets broker scam facilitated by Epayblock and Exactly
Update Nov 3, 2020: we have been informed that Prometheus is the operator of Umarkets, LimeFX, and some other broker scams. All of them use the Xcritical trading platform. The huge Russian Umarkets broker scam with the associated domains www.umarkets.com,…
European law enforcement action crushed Tradorax, KayaFX, and LibraMarkets scam network
The German law enforcement team in Koblenz, together with Europol and Eurojust and the support of their fellow agencies in Spain, Bulgaria, and Israel, evidently crushed the cybercrime network related to Tradorax, KayaFX, and LibraMarkets. Europol reported the action but…