Brief Look at Paraiba World
Using its internal exchange called Unique Exchange, Paraiba accepts investments and distributes profits in Bitcoin. German authorities were quick to discover Paraiba. In June 2020, Germany's top financial regulator, BaFin, released a warning against securities fraud related to the scheme. The Swiss Financial Market Supervisory Authority (FINMA) has severe suspicions that Paraiba World is involved in illicit activities and has issued a warning since the provider is not listed in the commercial register.
Customers report difficulties with the payout because the broker does not respond to their requests for withdrawals. User reviews demonstrate that Paraiba World is one such broker that, while providing certain advantages, does so indiscriminately to steal clients' investments over time.
Paraiba World is accused of operating a pyramid or Ponzi scheme on review websites such as Trustpilot. However, the supplier clarified that Paraiba was now turning into Trilliant, which was the cause of the payment halt. As a result, the investors' money was exchanged for Trillant tokens. When the coin will launch, where it can be traded, and its value outside of the Paraiba system are all utterly unknown. The key factor is that the broker is unavailable as it ceases operation, and the owners are on the run.
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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