Watch Out for This Popular Crypto Exchange Clone


Life is not
easy when you are one of the largest cryptocurrency exchanges by volume and
number of clients. On the one hand, you deal with regulators in different parts
of the world, and on the other, with scammers who try to impersonate your
brand. Coinbase is well aware of this and has again fallen victim to a clone
company with the catchy name Coinbaseie.

The UK financial regulator FCA recently warned British investors and savers against
the activities of people who cold call consumers and send them emails from the Coinbaseie.com
domain, posing as representatives of the popular cryptocurrency exchange
Coinbase.

During the
conversation, they encourage setting up a trading account, referring to
Coinbase’s regulations and reputation. However, as the FCA warns, they have no
affiliation with the real exchange , and sending them any money may involve a
serious risk of losing it.

Notably, the FCA has flagged several phone numbers|: +447766855941, +35351571608, +447766855941,
+35351571616, +31637827703. The regulator also advises caution with email addresses from
[email protected] and [email protected].

Source: FCA

Misspelling
the names of fully registered entities is a popular strategy among scammers.
The names Coinbase and Coinbaseie differ by only two letters, so many people
may not notice the slight difference and think they are contacting a
representative of the popular platform.

Clones Everywhere

Finance
Magnates
has
repeatedly reported in recent months about fraudsters impersonating popular
companies offering their services to retail investors. In January, scammers in
the UK posed as Admiral Markets and a few days earlier as XTB.

Victims of
clones also included Westpac and Hargreaves Lansdown, as well as the broker
Spreadex. In November, the FCA warned against an eToro and IG Markets clone ,
and, in October, against a counterfeit version of the Bitpanda cryptocurrency
platform.

In order to
better combat regulatory and cloning issues, Coinbase decided to hire a former
UK minister who joins the broker’s advisory council in connection with its
global expansion. George Osborne, the previous Chancellor of the Exchequer,
will advise the exchange on regulatory affairs and global expansion.

Life is not
easy when you are one of the largest cryptocurrency exchanges by volume and
number of clients. On the one hand, you deal with regulators in different parts
of the world, and on the other, with scammers who try to impersonate your
brand. Coinbase is well aware of this and has again fallen victim to a clone
company with the catchy name Coinbaseie.

The UK financial regulator FCA recently warned British investors and savers against
the activities of people who cold call consumers and send them emails from the Coinbaseie.com
domain, posing as representatives of the popular cryptocurrency exchange
Coinbase.

During the
conversation, they encourage setting up a trading account, referring to
Coinbase’s regulations and reputation. However, as the FCA warns, they have no
affiliation with the real exchange , and sending them any money may involve a
serious risk of losing it.

Notably, the FCA has flagged several phone numbers|: +447766855941, +35351571608, +447766855941,
+35351571616, +31637827703. The regulator also advises caution with email addresses from
[email protected] and [email protected].

Source: FCA

Misspelling
the names of fully registered entities is a popular strategy among scammers.
The names Coinbase and Coinbaseie differ by only two letters, so many people
may not notice the slight difference and think they are contacting a
representative of the popular platform.

Clones Everywhere

Finance
Magnates
has
repeatedly reported in recent months about fraudsters impersonating popular
companies offering their services to retail investors. In January, scammers in
the UK posed as Admiral Markets and a few days earlier as XTB.

Victims of
clones also included Westpac and Hargreaves Lansdown, as well as the broker
Spreadex. In November, the FCA warned against an eToro and IG Markets clone ,
and, in October, against a counterfeit version of the Bitpanda cryptocurrency
platform.

In order to
better combat regulatory and cloning issues, Coinbase decided to hire a former
UK minister who joins the broker’s advisory council in connection with its
global expansion. George Osborne, the previous Chancellor of the Exchequer,
will advise the exchange on regulatory affairs and global expansion.



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