Dukascopy Issues Warning on Fraudulent Crypto Website Clone

Dukascopy Bank SA, a Switzerland-based financial services provider, issued a warning on Monday about a fraudulent website that is cloning the original one. According to the press release, the domainwww.dukascoin.holds-coins.com does not belong to the firm and is fraudulent.

Furthermore, Dukascopy stated that the site information is a scam. That said, the financial services provider warned: “Please be aware that this website is not controlled and does not belong to Dukascopy Bank, Dukascopy Japan or any other entity of Dukascopy Group.”

Also, the Swiss firm cautions people not to provide their information whatsoever on the clone Clone A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for Read this Term site. “Do not trust any information to be found on the website www.dukascoin.holds-coins.com. This website is a clone of www.dukascoin.com website, and its purpose is to induce individuals to reveal seed phrases to their crypto wallets. Do not provide any personal data on this website,” Dukascopy Bank noted.

Additionally, the announcement notes that the Swiss company is ‘taking action’ against the bogus website. However, as of press time, the site remains operative and online, with a template fully cloned from the dukascoin.com page.

Crypto Custody Services Authorization

Recently, Dukascopy Bank announced that it had been granted authorization from the Swiss financial regulator, FINMA, to provide its customers with the exchange of cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term and fiduciary deposits in digital assets allowing investment and custody of cryptos on behalf of clients.

Clients with Savings accounts enjoy all the same benefits as private clients when it comes to fiduciary services. For example, anyone planning to deposit over $100,000 can request a savings account from multi-currency accounts (MCA). In addition, Dukascopy Bank noted that different options for investments in cryptocurrencies are already operational.

A recent interim financial update by Dukascopy Bank revealed the state of its business in the first four months of 2022. Revenue in the period was CHF 10.3 million ($10.5 million), which is more than 30% higher than the previous year.