Crypto
Dukascopy warns of fake website impersonating its cryptocurrency
Switzerland’s foreign exchange financial institution and dealer, Dukascopy, right this moment warned in opposition to a fraudulent web site which were falsely claiming affiliation with its approved model.
The clone entity, working via the area www.dukascoin.holds-coins.com, prompted motion from the regulated firm.
Dukascopy confirmed that it has no affiliation in anyway with the aforementioned platform and suggested everybody to keep away from it fully.
The corporate added that dukascoin.holds is fraudulently utilizing the title and brand of Diascopy’s personal cryptocurrency (Dukascoin) for attracting shoppers/traders.
“Don’t belief any data to be discovered on the web site www.dukascoin.holds-coins.com. This web site is a clone of www.dukascoin.com web site and its goal is to induce people to disclose seed phrases to their crypto wallets. Don’t present any private information on this web site,” Dukascopy stated.
The foreign exchange financial institution said that it’s taking actions in opposition to this dishonest group.
The fraudulent model is certainly trying to mislead traders into pondering that it’s providing a authorized product through the use of the particulars of a certified agency working below an analogous title. Nevertheless, traders needs to be conscious that the unique firm isn’t out there to assist in recovering funds if the unauthorized entity defrauds them.
Dukascopy’s cryptocurrency enterprise was a serious focus for clone agency scams because the pandemic has made individuals extra inclined on account of issues about private funds. The corporate has been taking steps in direction of strengthening its cryptocurrency providing, together with permitting shoppers to deposit and withdraw funds in digital cash, in addition to enabling free inner crypto-transfers between customers of cell banking.
Dukascopy experiences strong revenues
Dukascopy is a longtime foreign exchange financial institution and dealer. Just lately, the corporate has been a goal of subtle techniques that mirror the real brokerage agency’s web site. Final yr, it warned shoppers to be additional vigilant to a fraudulent model known as ‘Unitrade Enterprises Restricted.’ The latter was a shady enterprise that spans totally different sectors starting from asset administration to cryptocurrency buying and selling.
What made the Geneva-based dealer deeply outraged was an announcement on Unitrade Enterprises’s web site saying that each one their shoppers’ transactions are made via Dukascopy Financial institution.
Scammers have gotten ever extra subtle, concentrating on potential victims with skilled wanting web sites. Essentially the most generally reported thefts concerned investments in foreign exchange, shares, bonds, and cryptocurrencies.
Earlier this month, Dukascopy unveiled its monetary assertion for the 4 months ending April 30, 2022. The Geneva-based agency’s newest report was characterised by optimistic metrics in areas starting from working revenue to revenues, underpinning its steering for the total yr.
Particularly, the foreign exchange financial institution witnessed a surge in its revenues, which got here in at CHF 10.3 million ($10.5 million). This determine is up by almost a 3rd from the CHF 7.9 million reported again in the identical interval a yr in the past.