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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:

https://urlscan.io/result/55989a9f-2b55-4822-85a0-5acfbf45834f/

Registered on GoDaddy.

Pretty much universal agreement that the site is shady / not a legitmate trading site, e.g.,:

https://www.thatsucks.com/review/cryptobo-suck/

Yet the site is still operational yet today.

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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