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HomeCoinsBitcoinAlabama Securities Regulator Shuts Down 97 Deceptive Cryptocurrency Trading Websites

Alabama Securities Regulator Shuts Down 97 Deceptive Cryptocurrency Trading Websites

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Alabama Securities Regulator Shuts Down 97 Deceitful Cryptocurrency Trading Sites

< img width=" 1280 "height=" 720" src=" http://investincryptocoins.com/wp-content/uploads/2021/11/GDqdZf.jpg" class=" story __ img article __ poster" alt= "Alabama Securities Regulator Shuts Down 97 Deceitful Cryptocurrency Trading Websites" loading= "lazy" > The securities regulator of the U.S. state of Alabama has released a cease and desist order against Acoin Trading and 96 other cryptocurrency websites. The crypto financial investment schemes promise “excessive returns,”

report” fictitious account worths,” and enforce “undisclosed costs.” US State Regulator Orders 97 Crypto Trading

Websites to Close down Alabama Securities Commission announced Thursday that it has issued a stop and desist order against 97 cryptocurrency trading sites. The announcement states:

The Alabama Securities Commission (ASC) issued a stop and desist order versus Sir Philip Zuka owner of Acoin Trading and 96 other fraudulent crypto trading platforms.

” The order is an outcome of Zuka’s failure to register his investment items and failure to register as a financial investment advisor,” the regulator detailed, adding:

Zuka is in violation of Alabama securities laws for appealing extreme returns, reporting fictitious account worths and imposing undisclosed fees to an Alabama financier.

The regulator discussed that an Alabama investor found Acoin Trading online and was captivated how the program might make investors 8 times the original financial investment in only a week.

” Subsequently, the investor took part in a demo and invested roughly $10,000 of bitcoin, which was transferred into a wallet provided on the Acoin Trading website,” the ASC noted.

However, when he desired to withdraw his cash, Zuka required additional payment prior to any funds could be withdrawn. The investor soon realized the investment was a scam; he right away submitted a problem with the ASC and stopped all interaction with Zuka and his trading platform.

Nevertheless, the regulator stated that the Alabama citizen lost the entire financial investment.

According to the order, the owner of Acoin Trading was a Namecheap Inc. user named Sir Philip Zuka, or Sirzuka. The order information:

‘ Sirzuka’ developed 281 websites through Namecheap Inc. Of the 281 websites, 127 of them work and 96 of them run in the same manner as Acoin Trading. The IP addresses originated from Nigeria, Europe or the United States.

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In Case You Missed It Published at Sat, 20 Nov 2021 22:30:22 +0000

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