QUADRIGA INITIATIVE
CRYPTO WATCHDOG & FRAUD RECOVERY PLATFORM
A COMMUNITY-BASED, NOT-FOR-PROFIT
UNKNOWN
NOVEMBER 2020
GLOBAL
BLOCKCHAIN.COM
DESCRIPTION OF EVENTS
"The world’s most popular crypto wallet. Over 80 million wallets created to buy, sell, and earn crypto." "As they say, not your keys, not your crypto. Blockchain.com Private Key Wallets are the most widely-used wallets for self-custody of your crypto. We make it easy for people who are ready to control their private keys to hold them with a Secret Private Key Recovery Phrase." "When it comes to ensuring that your crypto is secure, we think about every last detail so you don’t have to."
"The FCA explained that Blockchain.com operates under the umbrella of Blockchain Access U.K. Ltd and Modulr FS Limited, its principal entity. The firm had gotten approval to work in the United Kingdom, making the phony actors in direct violation of British financial law."
"Yesterday, the Financial Conduct Authority (FCA) announced in a report that phony actors had impersonated Blockchain.com, a notable trading and wallet provider."
“Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. This firm is not authorised or registered by us but has been targeting people in the U.K., claiming to be an authorised firm.”
"Along with the details of the real Blockchain.com’s parent companies, the FCA also added some available contact details of the phony actors. The agency also warns investors to be careful of anyone who contacts them and claims to be from Blockchain.com."
Fake versions of the Blockchain.com website were set up to fool users. It is unknown how many users lost funds. The FCA issued a warning about such sites.
HOW COULD THIS HAVE BEEN PREVENTED?
Always make sure that you are accessing websites using their official URL.
British Financial Watchdog Sounds Warning on Phony Blockchain.com Website - InsideBitcoins.com (Dec 11)
Blockchain Ltd / Blockchain Refund Department / Blockchain Access (clone of FCA registered EMD agent) | FCA (Dec 23)
Blockchain.com Wallet - Store and Invest in Crypto (Dec 24)
Blockchain Wallet Review: Learn How To Buy Bitcoin On Blockchain (Dec 24)
Clone firms and individuals | FCA (Jun 4)
Blockchain Ltd / Blockchain Refund Department / Blockchain Access (clone of FCA registered EMD agent) | FCA (Jun 5)
