Coin Boost Placed on the Financial Commission's Warning List

The Financial Commission, an independent external dispute resolution (EDR) organization, announced today that it has added the financial service provider Coin Boost Inc. to its warning list.

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The Financial Commission has been notified by concerned traders regarding the company and its associated website. Upon reviewing the submitted information from potential customers of this company, the commission has determined that the indicated company and associated website may be used to scam and defraud traders and investors.

As a result, the commission does not recommend doing business with this entity, either individuals purporting to represent the company on social media and in private messages on popular messaging apps.

In June 2018, the Financial Conduct Authority (FCA) also added Coin Boost to its warning list, citing that the firm may be providing financial services or products in the UK without the watchdog's authorisation.