High Risk
Reported as a scam / unregulated
SF-705784registry entry
Why Bit Coins is on the register
According to its website, Bit Coins claims regulated by The Global Financial Authority (GFA), however, upon investigation, we found that GFA is not a regulatory agency and has not registered with relevant agencies to engage in securities trading business or provide anyone with advice on investing, buying or selling securities. For more information, you can check the website: The truth is that Bit Coins is not regulated by any regulators. Letting it hold or control investors’ money is unsafe, and the money can not be protected by any laws. Bit Coins is 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 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.