Background: Coordinated Action Against Fraud In 2018, a European-based initiative was launched in cooperation with legal professionals and digital finance experts to support individuals affected by…
Background and Legal Findings The Czech-registered company Xtrabit s.r.o., associated with Russian-born Australian citizen Vladislav “Vlad” Kogan, has been legally implicated in connection with unauthorized payment…
Regulatory Action from Austrian FMA The Austrian Financial Market Authority (FMA) recently issued an investor warning concerning CELESTIAL TRADING LTD, citing unauthorized brokerage operations through the…
Background: Deconstructing a Fraudulent Ecosystem With the shutdown of the binary options platform SafeMarkets, attention is shifting toward examining the wider infrastructure behind it. SafeMarkets is…
Background: Prosecution of Lee Elbaz In 2017, U.S. federal authorities detained Israeli national Lee Elbaz for her alleged involvement in a binary options fraud scheme. By…
Overview: Payment Channels and Operational Context Option888, a binary options trading platform with a checkered history in various jurisdictions, has been linked to multiple payment service…
Clarification on Licensing Status In light of recent coverage concerning VELTYCO GROUP PLC and its intention to launch a regulated trading brand, new information has emerged…
Background on the Option888 Platform Option888 has emerged as one of the most notorious platforms in the binary options space, particularly in German-speaking countries. Over the…
Notice from British Columbia Securities Commission According to a recent report from Finance Magnates, the British Columbia Securities Commission (BCSC), a key financial regulator in Canada,…
Role of PSPs in Broker Fraud Ecosystems Fraudulent online trading platforms would not have been able to flourish without the collaboration of certain payment service providers…
