Investor Alert: Some crypto websites use fake regulatory and dispute resolution organizations to appear legitimate
In an effort to appear legitimate, the purported trading service providers claim they are certified by a fictitious authority or that they are members of a dispute resolution organization.
- In an effort to appear legitimate, the purported trading service providers claim they are certified by a fictitious authority or that they are members of a dispute resolution organization.
- Some of the purported trading services' websites include links to these fake regulatory or dispute resolution organizations, which have their own websites.
- The fake regulatory or dispute resolution organizations include:
Crypto Conduct Authority/Crypto Frugal Ltd. (Ireland)
Crypto Conduct Authority/Crypto Frugal Ltd. (U.K.)
British Investment Commission/BIC PLC Ltd.
Crypto Commission Authority/Crypto Commission Ltd. - The websites appear to be credible at first glance, with references to complaint processing, dispute resolution and providing redress to aggrieved investors.