Bitcoin Vault has acquired a securities fraud warning from the UK’s Monetary Conduct Authority.
As per the FCA’s August twenty sixth Bitcoin Vault warning;
We imagine this agency could also be offering monetary companies or merchandise within the UK with out our authorisation.
Virtually all companies and people providing, selling or promoting monetary companies or merchandise within the UK should be authorised or registered by us.
This agency is just not authorised by us and is concentrating on folks within the UK.
The FCA cited Bitcoin Vault operateing from the area “bitcoinvault.world”.
In Could 2022 Bitcoin Vault suggested it was abandoning the area for search engine optimisation functions.
“Btcv.com” has been deployed as a backup BTCV web site area since not less than August 2021.
After abandoning its major area, Bitcoin Vault began banging on about “the metaverse”.
That was shortly adopted by a “VMint” NFT money seize.
No matter VMint is meant to be, it seems damaged at time of publication:
Bitcoin Vault is a part of Eyal Avramovich’s collapsed Mining Metropolis Ponzi scheme.
As of mid 2021, Mining Metropolis was paying out cents by way of its BTCV funding plans. In late 2021 Avramovich pulled a KYC exit-scam and disabled Mining Metropolis withdrawals.
In a since-deleted March 2022 webinar, Avramovich maintained screwing over BTCV traders wasn’t a rugpull.
Avramovich runs his numerous cryptocurrency Ponzi schemes by way of shell firms that feed up into MineBest.
Fairly than entrance Mining Metropolis himself, Avramovich appointed Greg Rogowski, a former MineBest worker, to entrance the Ponzi scheme.
Each Avramovich and Rogowski haven’t appeared in promotional movies for months.
Rogowski is believed to have cashed out and gone into hiding earlier this 12 months. Avramovich has moved onto iMine, a Mining Metropolis Ponzi clone concentrating on south-east Asia.
Mirroring Rogowski fronting Mining Metropolis, Avramovich has Jorge Mesquita fronting iMine.
Mesquita a serial promoter of MLM crypto Ponzi schemes.
As of August 2022, Avramovich is taunting Mining Metropolis victims by way of iMine’s social media accounts:
Launched 4 months in the past, iMine has up to now failed to achieve traction.
