Add as a preferred source on GoogleCzech Central Bank Warns of Emails Misusing Its Name in Crypto Scam
The fraudulent messages solicit funds by promising returns from algorithmic cryptocurrency trading and use counterfeit licenses to appear legitimate.
The Czech National Bank warned Oct. 13 about fraudulent emails misusing its name and CzechInvest’s name to solicit funds through a fake cryptocurrency trading scheme.
The emails promise recipients returns from supposed algorithmic trading profits. The messages also use counterfeit licensing confirmations to make the offers appear legitimate, but the central bank did not issue those licenses.
The Czech National Bank is the Czech Republic’s central bank and oversees financial stability and financial-sector regulation. Its warning highlights a broader risk for crypto users who receive investment solicitations by email.
Recipients should verify the authenticity of communications and confirm whether an entity is registered through the JERRS database, which tracks authorized financial-market firms in the Czech Republic.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.