CySEC Warning: Malicious Websites Falsely Claim to Recover Investment Losses

On July 25, the Cyprus Securities and Exchange Commission (CySEC) issued a warning against malicious websites that falsely claim to recover lost funds.

According to the regulator, these malicious websites falsely claimed to provide services that help investors recover losses from investments in both regulated and unregulated entities.

These malicious websites promoted their services via online advertisements and social media platforms, and used websites, emails, or phone calls to collect personal and financial information from investors, targeting the people who had already been cheated by online scams.

Most importantly, the operators of these websites claimed that the websites and services are related to CySEC, and even impersonated officials or representatives from the regulator, pretending to help recover losses. Moreover, the websites or email addresses used by the scammers often bear a strong resemblance to the regulator's genuine domain, such as the email address “@cysec.gov.cy” used by the CySEC.

CySEC revealed six websites offering such services, two of which are currently inaccessible. The regulator also warned that other similar malicious sites may still be operating undetected.

Website	Screenshot of the homepage
getyourmoneyback.ltd
getyoursback.org
theystole.net
chargebackinternational.com	/
chargebackme.com	/
chargebackmoney.biz

BrokersView reminds you

Investors are responsible for their losses caused by normal trading activities, such as poor investment decisions and market volatility.

However, working with an unregulated broker carries more risks. Due to the lack of regulation, even if the investor suffers losses due to the broker’s fault, it is often difficult to recover funds or receive compensation.

If such brokers are involved in fraudulent behavior, your deposit may even have been transferred to other accounts controlled by fraudsters.

Therefore, investors should beware of any individual or entity that promises to recover their losses.

You can avoid unnecessary risks by checking the details of a forex broker through BrokersView before investing.