Reported as a scam / unregulated
Why SKANESTAS is on the register
SKANESTAS says it is regulated by ASIC in Australia with license number 488828. But when we checked, that license belongs to a company — STAR FUNDS MANAGEMENT PTY LTD — and its official website is www.starfunds.com.au . This is not the same as SKANESTAS. Using someone else’s license number is misleading and suspicious. SKANESTAS also claims to be regulated by the NFA and registered with FinCEN as an MSB. However, we searched both organizations’ databases and found no record of SKANESTAS being approved for any financial services. An MSB license is not a brokerage license and does not allow trading activities. Because of these serious issues, we believe SKANESTAS is very likely a fraudulent or unlicensed broker.
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 toward the right next step. We are 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.