Read our first report focused on how FinTech startups have facilitated binary options scams.
Between approximately 2009 and 2018, hundreds of thousands of retail investors around the world were defrauded of potentially up to $100 billion. The instrument for this was called Binary Options. The center of this gigantic binary options scam was Israel, from where the attackers targeted small investors in North America, Europe, Asia, and Australia. The FinTech Revolution that emerged in parallel supported this fraud as a payment processor. The first part of the CyberProfilers Report deals with the problem of the “FinTech Scam Facilitator” using concrete examples: