BaFin Responds to RocketChart Scam Alert

In April 2021, the Scam-or Project raised concerns about the RocketChart broker scheme, which lured unsuspecting victims through fraudulent promotional campaigns such as BitQT. These tactics were notably used to target individuals in German-speaking regions.

Several months later, the German financial regulator BaFin initiated a formal investigation into the scam. Although the RocketChart operation has since vanished, the probe may still lead to the submission of evidence to law enforcement authorities. Such a step could initiate broader criminal proceedings.

The Disappearance of RocketChart

The fraudulent broker, operating under the domain www.rocketchart.com, was reportedly managed by Seventh Line Corporation Ltd, an entity registered in the Marshall Islands. A secondary site in German, found at www.rocketchart.de, was also linked to the scam.

Payment Processing Connections

During the course of uncovering the scheme, multiple high-risk payment processors were identified as facilitators:

Known Payment Processors Linked to RocketChart

These entities allegedly provided transaction channels for the scam, making it easier to collect money from victims without regulatory oversight.

A Call to Action

While the RocketChart platform has since disappeared, individuals with information or those affected are encouraged to report such scams and their payment facilitators. Increased awareness and collective action remain key in combating financial cybercrime.