Since our report, some web sites have vanished, but the scheme remains to be chasing victims. The German BaFin warned against SinaraCorp, while the Austrian FMA warned in opposition to BitnexLTD. Other regulators have also issued warnings against the aggressive cybercrime scheme. The Cypriot high-risk fee processor Payabl had large progress in 2022. The website guests elevated from less than 50,000 to over 340,000 in November 2022.

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Criminal information show that Gal Barak, his spouse, Marina Barak, and his partners, Gery Shalon and Vladislav Smirnov, earned around €38 million between 2017 and 2019 alone. MaxiMarkets is already an old scam and continues to be not gone. In April 2019, the Spanish regulator CNMV issued a warning, and in August 2020, the Italian regulator Consob had the offshore dealer’s website blocked for Italian consumers. The Financial Commission has additionally placed MaxiMarkets on its warning list. However, the rip-off continues to be lively and targets mainly Russian-speaking victims.

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