Investor Alerts - Backchain Cibersecurity Department; Blockchain-dep.com; Crypto Fraud & Asset Recovery – Recovery scams
| Company: | Backchain Cibersecurity Department; Blockchain-dep.com; Crypto Fraud & Asset Recovery – Recovery scams |
|---|---|
| Regulator: | Financial Markets Authority |
| Jurisdiction: | New Zealand |
| Date: | 03 Oct 2024 |
| Link: | https://www.fma.govt.nz/library/warnings-and-alerts/backchain-cibersecurity/ |
| Subject: | Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.) Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements Regarding markets, exchanges, and clearing and settlement entities Regarding Emerging Digital Threats including ICOs and crypto-assets Miscellaneous |
| Comments: | We are concerned that the following entities are involved in recovery room scams: Blockchain-dep.com Backchain Cibersecurity Department Crypto Fraud & Asset Recovery We have seen the following techniques used by these entities and other recovery room scams: They contact previous scam victims and offer assistance to recover money they have lost to scams; They use a URL redirection service to direct people to the official website of another entity to mislead people into believing that they are or are associated with that entity; They use the name of FMA (and other regulators) and its officer(s) to create legitimacy; They use blockchain explorer(s) sites (sites that track or record cryptocurrency transactions history) to mislead their targets into thinking that they have successfully recovered lost cryptocurrencies and returned to the rightful owners; They create various websites that either look exactly the same, or identical in terms of layout and wordings used; and They post fake client testimonials or reviews on their website(s). The FMA has published information on recovery room scams, see here. The FMA recommends extreme caution when you are contacted by people who offer you assistance in recovering the money you have lost to scams. |
