High Risk
Reported as a scam / unregulated
SF-705622registry entry
Why VirPoint is on the register
VirPoint does not claim to be licensed by any regulator; it only claims to be registered in Marshall Islands. While we can confirm that there is a company with the same name in Marshall Islands Registry (IRI), this registration only grants it International Business Company (IBC) status. This does not constitute a valid financial licence. The Marshall IRI is not a government agency, nor a regulator, and does not regulate foreign exchange. Being unregulated is a major red flag for a fraudulent operation. Therefore, VirPoint appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you to the right next step. A free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.