The UK’s Financial Conduct Authority has issued a warning against securities fraud against ZetBull.
According to the FCA’s warning from May 26, ZetBull;
We suspect that this company may be offering financial services or goods in the UK without our consent.
We have not authorized this company, and it is primarily aimed at UK residents.
In other countries, this would be the equivalent of a securities fraud notice.
ZetBull is a Ponzi scheme run by Boris CEO that promises profits of up to 6500 percent. ZetBull is fronted by Russian actors, giving the impression that Russians are in charge of it.
Last month, the Central Bank of Russia released its own ZetBull financial fraud alert.
According to SimilarWeb, ZetBull’s website traffic has drastically decreased recently:
Jordan has increased recruitment whereas other countries have seen a decline. With 25% of the traffic now coming from France, that country’s traffic has decreased 32% month over month. Kazakhstan’s economy shrank by 67%, Romania’s by 37%, and Russia’s by 11%.