FinTelegram Exposed Vast Crypto Investment Scheme Attacking European Consumers

CyberFinance - Financial market regulators, most notably the UK FCA as well as the Spanish CNMV, have placed a strategic focus on the crypto segment in recent months. In the first weeks of 2022, dozens of warnings have already been issued against crypto trading and crypto investment schemes attacking European consumers. It is no exaggeration to say that we are in the middle of a global crypto fraud tsunami.

In its mission to educate and protect investors, FinTelegram has been following the crypto investment scheme scene for months and created a Crypto Warning List. In the last few days, we have discovered a huge fraudulent Crypto Investment Scheme that seems to be working with dozens of websites, domains, and companies in the UK. We have named this scheme as LunaFunds after one of the brands used.

The various websites of the scheme brands look almost completely identical. They promise potential victims daily returns of up to 90%. Of course, this is completely unrealistic. How is that supposed to work? It wasn't even possible during the cryptocurrency super-hype in 2020 and 2021. Any rational person should not fall for such promises. But as is so often the case, greed defeats the reason.

The fuel for this crypto investment scheme with brands like LunaBrands, CoinexGlobal, RegentCapitals, ROI-Trade, or ForexBit is a referral system. Registered members receive a referral link and can refer other members online via email or social media. In return, they receive up to 10% of new deposits. In other words - victims recruit new victims. Please do not do this.

Learn more about this Crypto Investment scheme at www.fintelegram.com or follow us at https://www.facebook.com/FinTelegram.

132-134 Great Ancoats Street
Advantage Business Center
Manchester, M4 6DE
Ben Givon
reporter@fintelegram.com

Active since 2018, FinTelegram (www.fintelegram.com) is a cyber financial intelligence and whistleblower platform with the mission of protecting and educating investors. FinTelegram regularly produces reports on financial service providers and issues warnings about schemes and fraudulent activities.