The Swiss financial institution Dukascopy Bank SA has issued a warning to the public concerning a fraudulent clone website under the domain https://duukascoppy.com/.

According to the firm, this deceptive duplicate does not originate from Dukascopy Bank or any of its affiliated entities, including Dukascopy Europe and Dukascopy Japan. The urgent advisory calls upon individuals to exercise caution and avoid engaging with the imposter site.

Dukascopy Urges Caution

Dukascopy mentioned: "Please be aware that this website is not controlled and does not belong to Dukascopy Bank, Dukascopy Europe, Dukascopy Japan, or any other entity of Dukascopy Group. Do not trust any information to be found on the website https://duukascoppy.com/. Do not provide any personal data on this website."

Despite its resemblance to the Dukascopy Bank, this clone website operates independently and is not affiliated with the financial institution Dukascopy Bank mentioned. Thus, Dukascopy Bank has urged users to avoid interacting with this platform.

Dukascopy Bank reassures the public of its proactive measures in combatting fraudulent activities. The institution is swiftly addressing the deceptive 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 website and mitigating its impact on unsuspecting users. Interestingly, the suspicious domain is listed for sale at $1999.

Rise of Clone Websites

Last year, Dukascopy issued a similar warning about a clone website operating as https://www.dukascopys.top. The bank clarified that the site is neither controlled nor owned by any entity within the Dukascopy Group. The warning emphasized the critical need for caution when accessing such websites, urging users to refrain from sharing any personal or sensitive data. This incident underscored the importance of verifying the authenticity of a website, particularly in sectors involving financial transactions where personal information is at risk.

Meanwhile, in the first half of 2023, Dukascopy Bank experienced a decline of 80% in profit, attributed to a significant drop in trading income. However, the company experienced a surge in revenue from interest operations. Last year, Dukascopy enhanced its offerings with crypto lending Crypto Lending The process of lending cryptocurrency assets with an accrued interest rate and due date is known as crypto lending. The process of crypto lending often occurs through cryptocurrency exchanges or online lending platforms to connect borrowers to lenders. Lenders of crypto lending are comprised of institutional lenders, like hedge funds and asset managers, individual participants, or entities seeking to accrue interest. On the opposite end of the spectrum, borrowers of crypto lending include market The process of lending cryptocurrency assets with an accrued interest rate and due date is known as crypto lending. The process of crypto lending often occurs through cryptocurrency exchanges or online lending platforms to connect borrowers to lenders. Lenders of crypto lending are comprised of institutional lenders, like hedge funds and asset managers, individual participants, or entities seeking to accrue interest. On the opposite end of the spectrum, borrowers of crypto lending include market Read this Term services. This service allows users to leverage their crypto holdings for instant cash without relinquishing ownership, Finance Magnates reported.

Under Dukascopy's crypto lending program, users can access cash equivalent to 50% of the value of their crypto assets, with no obligatory repayment commitments. The process is streamlined for users with a multi-currency bank account with Dukascopy, which acts as a centralized platform for crypto lending activities.