The Italian National Commission for Companies and the Stock Exchange (Consob) has reported scam websites posing as the wallet.

Unfortunately in the crypto world and beyond it often happens that criminals decide to forge websites and social pages pretending to be famous companies, as happened in this case with

Reports to the Consob on clones

It is precisely the intervention of competent bodies that succeeds in blocking and reporting this type of illegal platform, as in the case of Consob, which has received several reports against fake copies of

Often, in fact, the big names in the blockchain sector are targeted by fraudsters who, by simply copying the layout of the platform, manage to pass themselves off as the original ones and thus make the victims fall for their own scams, as happened in the past for Ledger and others.

It is worth noting that these types of platforms may only look authentic on the outside, but behind them there are criminals who work to divert users’ funds from their wallets, retrieving the various access information to the real wallets and payment instruments.

In such cases, the procedure is that the platforms are obscured as a precautionary measure for users, and then the authorities oblige the various operators providing Internet access to block the addresses to put them on the so-called blacklist. In this way, the user will receive an error message.

Other reports from the Consob

In recent months, the Consob has also reported Paxful as it operates in British Columbia without authorization.

Binance’s futures platform was also reported in August because it would operate in Brazil without a licence.

The Consob and the crypto world

According to a Consob report of November 2019, over 30% of Italians have never heard of Bitcoin or are not very educated on the subject, so it is certainly easy for many users to fall into various scams.

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Consob against clones - The Cryptonomist

by Matt Villie
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