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FCA warns against RazerMarkets scam facilitated by PandaTS and BridgerPay

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The UK Financial Markets Authority (FCA) has issued an investor warning against the RazerMarkets broker scam (http://www.razermarkets.com). The scam is allegedly operated by RazerMarkets Ltd, registered in the Marshall Islands. It is a PandaTS white-label scam. As a payment processor have once again discovered BridgerPay. Behind BridgerPay Cashier, we have also discovered Estonian crypto payment processor CryptoPayIn, operated by Navasu OÜ. Until recently, Plus Exchange was also integrated as a cryptoprocessor.

The RazerMarkets broker scam is a typical white-label scam on the Israeli PandaTS platform operated by Maor Lahav. PandaTS operates its servers in Israel and Cyprus. In this respect, it is not surprising that BridgerPay by Ran Cohen is integrated as a payment processor once again. BridgerPay offices in Cyprus are just around the corner.

We also recently discovered Estonian Navasu OÜ d/b/a CryptoPayIn (www.cryptopayin.com) as a crypto payment processor in the broker scams BrokerUnity, Interactive Trade (report here), and Financial Resident scam (report here). We have compiled our information on CryptoPayIn and Navasu in this report here.

Stay far away from these easily recognizable broker scams. If you have any information about the scam operators or the supporting affiliates, we would appreciate it if you share it with us.

CategoriesFCA

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