Scam Alert

Sam Bankman-Fried: A Scammer Is Impersonating FTX In The UK

Soon after the United Kingdom’s financial authority issued a warning to customers about the FTX bitcoin exchange, Sam Bankman-Fried, the platform’s CEO and creator, turned to Twitter to warn them about a fraudster instead.

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Scammers will go to great lengths to get unwary victims to part with their hard-earned digital possessions. Scammers in the United Kingdom, according to FTX CEO Sam Bankman-Fried, have been phoning customers and impersonating FTX employees in order to swindle them.

Sam shared the information about scammers impersonating FTX through the tweet below.

The Cyprus Securities and Exchange Commission (CySEC) has granted FTX Europe permission to operate as a Cyprus investment firm (CIF), allowing it to possess the local company it previously purchased.

The Cyprus Investment Firm License allowed FTX EU to service the whole European Economic Area, according to the statement. FTX was expected to offer a full range of exchange services as the first cryptocurrency exchange in the world with a full MiFID II license, held to substantially higher criteria than regional registrations as Crypto Asset Service Providers.

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Sam Bankman-Fried said:

“Securing this license in the European Union is an important step in achieving our goal of becoming one of the most regulated exchanges in the world. We are continuing to work with CySEC and regulators across the globe to be the leader in the digital asset industry when it comes to meeting the financial standards that are expected of traditional financial institutions.”

Coincu will continue to update the situation related to SBF, you can find out more information through this article.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.