100 sats \ 2 replies \ @BitcoinPhishing OP 15 Jul 2022 \ on: CFTC Plays Whack-A-Mole, Adds 34 Unregistered Foreign Entities To RED List bitcoin
Most of these are not real exchanges or investment platforms. Most are simply scammers that register a domain, then spin up a website that attempts to solicit investment or otherwise acquire fiat and/or bitcoin by way of deception.
The press release states that the RED list is now up to 202 entities. There are likely 202 or more new domains (entities) spun up each month. And essentially none of these 34 "entities" added today are stopped for one second -- they'll just spin up more sites.
What does being on the RED list mean?
Not really much of a damn thing.
For example, on the CFTCs list:
CryptoBO
cryptobo.com
It was active over two years ago. Here's a service that has a snapshot of the site from 2021:
Registered on GoDaddy.
Pretty much universal agreement that the site is shady / not a legitmate trading site, e.g.,:
Yet the site is still operational yet today.
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Here's another example.
In the list from the CFTC:
Pocketoption
pocketoption.com
The scammer is already running on another domain, waiting for the day the main one gets taken down:
po.trade
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