Caution Investors S9 Crypto Ltd Clone – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
Overview:
If you are looking for a reliable and trustworthy crypto trading platform, you might want to steer clear of S9 Crypto Ltd. This entity is not only unlicensed and unregulated but also a clone of a legitimate company called Alchemy Markets Ltd. In this blog post, we will explain what a cloned scam is, how S9 Crypto Ltd is deceiving the public, and what you can do to protect yourself from such fraud.
Regulation and Compliance: MFSA Issues Warning https://www.mfsa.mt/news-item/mfsa-warning-s9-crypto-ltd-clone/
The Malta Financial Services Authority (MFSA) is the regulator of financial services in Malta. It is responsible for ensuring that financial service providers comply with the laws and regulations of the country and that consumers are protected from unfair and illegal practices.
On 29 October 2021, the MFSA issued a warning about S9 Crypto Ltd, stating that it is not a Maltese-registered company nor is it authorised to provide any financial services in or from Malta. Moreover, the MFSA revealed that S9 Crypto Ltd is using the details and website contents of Alchemy Markets Ltd, a genuine company that is licensed by the MFSA to provide investment services.
This means that S9 Crypto Ltd is a cloned scam, which is a type of fraud where scammers copy the name, logo, website, or other information of a legitimate company to trick people into thinking that they are dealing with the real entity. Clone scammers often target investors who are looking for high returns or who are unfamiliar with the financial market.
Customer Reviews:
As expected, S9 Crypto Ltd does not have any positive customer reviews online. In fact, most of the reviews we found were warnings from people who have been scammed by this entity or who have noticed its suspicious activities. Here are some examples of what customers have said about S9 Crypto Ltd:
– “S9 Crypto Ltd is a scam. They contacted me via email and offered me a lucrative investment opportunity. They asked me to deposit money into their account and promised me high returns. But when I tried to withdraw my money, they blocked my access and stopped responding to my emails and calls. Do not trust them.”
– “I was browsing the internet and came across the website of S9 Crypto Ltd. It looked very professional and had the logo and details of Alchemy Markets Ltd, a company that I have heard of before. I thought it was the same company, so I decided to sign up and open an account. But then I realized that something was wrong. The website had a different domain name, the contact details were different, and the terms and conditions were vague and unclear. I did some research and found out that S9 Crypto Ltd is a cloned scam. I immediately closed my account and reported them to the authorities.”
– “S9 Crypto Ltd is a cloned scam. They are using the name and reputation of Alchemy Markets Ltd to lure unsuspecting investors. They are not regulated by the MFSA or any other authority. They are not registered in Malta or anywhere else. They are not offering any real products or services. They are just stealing your money and disappearing. Do not fall for their lies.”
Products and Services:
S9 Crypto Ltd claims to offer various products and services related to crypto trading, such as:
– Crypto trading signals: These are alerts or recommendations that tell you when to buy or sell a certain cryptocurrency based on market analysis.
– Crypto trading bots: These are software programs that automatically execute trades on your behalf based on predefined rules or algorithms.
– Crypto trading courses: These are educational materials that teach you how to trade cryptocurrencies effectively and profitably.
– Crypto trading accounts: These are accounts that allow you to trade cryptocurrencies on different platforms or exchanges.
However, none of these products or services are real or reliable. They are either non-existent, defective, or fraudulent. For example:
– The crypto trading signals are inaccurate, outdated, or manipulated.
– The crypto trading bots are faulty, malicious, or hacked.
– The crypto trading courses are incomplete, outdated, or misleading.
– The crypto trading accounts are fake, insecure, or inaccessible.
Location:
S9 Crypto Ltd does not have a physical location or address. It operates online through its website https://s9cryptotrade.com. However, this website is not secure or authentic. It does not have a valid SSL certificate, which means that it does not encrypt or protect your personal or financial information. It also does not have any terms of use, privacy policy, risk disclosure, or other legal documents that are required for any legitimate financial service provider.
Moreover, this website is a clone of the website of Alchemy Markets Ltd https://alchemymarkets.com/, which is a genuine company that is licensed by the MFSA to provide investment services in Malta. S9 Crypto Ltd has copied the name, logo, design, content, and other details of Alchemy Markets Ltd to create a false impression that it is associated with or endorsed by the real company. However, S9 Crypto Ltd has no connection or affiliation with Alchemy Markets Ltd whatsoever.
Customer Service:
S9 Crypto Ltd does not have a customer service team or department. It does not provide any contact details or channels for its customers or potential customers. It does not have a phone number, email address, live chat, or social media accounts. It does not respond to any queries, complaints, or feedback. It does not provide any support or assistance to its customers or potential customers.
Conclusion:
S9 Crypto Ltd is a cloned scam that is trying to deceive the public by using the name and details of a legitimate company called Alchemy Markets Ltd. It is not licensed or regulated by the MFSA or any other authority. It is not registered in Malta or anywhere else. It is not offering any real products or services related to crypto trading. It is just stealing your money and disappearing.
