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Cryptoburst
On May 1, 2024, the Securities Commission of The Bahamas (SCB) added Cryptoburst to warning list for offering financial services or products without their permission. https://www.scb.gov.bs/wp-content/uploads/2024/05/Public-Notice-4-of-2024-Entities-Not-Regulated-by-the-Securities-Commission-of-The-Bahamas-May.pdf
On May 1, 2024, the Securities Commission of The Bahamas (SCB) added Cryptoburst to warning list for offering financial services or products without their permission. https://www.scb.gov.bs/wp-content/uploads/2024/05/Public-Notice-4-of-2024-Entities-Not-Regulated-by-the-Securities-Commission-of-The-Bahamas-May.pdfCryptoburst, which claims to be registered with the Securities Commission of the Bahamas (SCB), has been added to the SCB's warning list, refuting such a claim. This is a significant indicator of a scam.
Although Cryptoburst, a forex broker, purports to be domiciled in the US, there are no indications that it is registered with the National Futures Association (NFA). This suggests that Cryptoburst is operating in the US without authorization.
Furthermore, the link labeled "Why Cryptoburst" leads to a "404 Not Found" page, indicating issues with the company's resources and reliability.
In essence, Cryptoburst is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Cryptoburst appears to be a scam.
Cryptoburst, which claims to be registered with the Securities Commission of the Bahamas (SCB), has been added to the SCB's warning list, refuting such a claim. This is a significant indicator of a scam.Although Cryptoburst, a forex broker, purports to be domiciled in the US, there are no indications that it is registered with the National Futures Association (NFA). This suggests that Cryptoburst is operating in the US without authorization.Furthermore, the link labeled "Why Cryptoburst" leads to a "404 Not Found" page, indicating issues with the company's resources and reliability.In essence, Cryptoburst is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Cryptoburst appears to be a scam.
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