France’s AMF alerts Against False Regulator

Stéphane Delaplace has been falsely pretending himself as the Head of the "AMF Regulation Center"
28 June 2018   534

The Autorité des marchés financiers has published a warning against the fraudulent use of its name and contact details of this individual, who has no connection with the AMF. 

The alert is a direct answer to those individuals who are getting messages from a man named Stéphane Delaplace, who has introduced himself as the Head of the “AMF Regulation Center”. Mr. Delaplace has also been affirming to be investigating the trading platform It is worth to mention that the AMF does not employ anyone by the name of Stéphane Delaplace and any contact or correspondence with this individual should be missed.

Also, the exchange is evidently under investigation, i.e. was recently informed by the ACPR (Prudential Supervisory Authority and resolution). The AMF could not conduct the trading on the territory of France without receiving adequate authorizations to provide investment services.

Such impersonations or fraudulent attempts are not unheard of, with many scammers now looking to pass themselves off as part of legitimate regulatory authorities. The AMF is appealing any and all people who get an email from Stéphane Delaplace or any other person who claims that they belong to the AMF not to follow up on this message. Furthermore, the official has adviced adressing AMF Epargne info service on 01 53 45 62 00 Monday to Friday during the working hours.

Pure Bit to Refund Investors' Money

Another cryptocurrency scam storu may have happy ending
15 November 2018   93

The founders of the South Korean exchange Pure Bit, who were suspected of stealing investors' money, announced the return of funds.

According to the local edition of BlockchainROK, representatives of the exchange have already partially returned the money to some users and pledged to return all other funds.

On November 4, the exchange team launched the ICO with the goal of collecting about $ 30 million to create a crypto exchange. However, on November 9, Pure Bit closed the site, said goodbye to its investors and removed everyone from the group in the KakaoTalk messenger. Also, the founders of the exchange withdrew funds from the account that was used for ICO.

According to CCN, one of the issues traced the Ethereum address of the exchange and asked Upbit to block the account and freeze the funds. Upbit fulfilled this request.

This is Pure Bit. First off, I would like to apologize to everyone that was affected by the ICO. Since November 5, I raked in 16,000 ETH and did not open a crypto exchange as promised. I kicked out everyone in our social media chat groups and disappeared without any message. I negatively affected investors in the project psychologically and financially. I made an unforgivable mistake that cannot be turned around, blinded by money. It has been less than a day and I have already started to suffer from guilt. Although it cannot be compared with the hardship faced by the investors, I also felt significant guilt. I sincerely apologize to all of the investors in the ICO who were affected by the operation.

CEO of Pure Bit

The founder of Pure Bit also notified that he would return ETH 16,000 to depositors without taking into account the payment of services to a third-party company that organized ICO.