Belgium’s Financial Regulator Adds 7 Websites to Its Crypto Fraud List

Francisco Memoria

Belgium’s financial regulator, the Belgian Financial Services and Markets Authority (FSMA), has recently added seven new websites to its cryptocurrency fraud alert list, which to date already has 120 websites in it.

The addition, first spotted by The Next Web, notes the FSMA has kept on receiving complaints from users who’ve purportedly invested in cryptocurrencies through these platforms. According to the regulator, these often act in a similar way, contacting victims to try to get them to make “secure, easy and very lucrative” investments in the crypto market.

Per the FSMA, the scammers try to inspire users to assure them they don’t need to be cryptocurrency experts to invest in the crypto space, and claim specialists will manage their investments to help them make a profit.

The regulator’s warning reads:

They claim to have specialists who will manage your investments for you. You are told that your funds can be withdrawn at any time or that they are guaranteed,” the regulator’s node adds. “In the end, the result is always the same: the victims find themselves unable to recover their money!

The financial regulator has been warning potential victims for months, and has been updating its cryptocurrency fraud warning list for months. The list was created back in February of last year, when the crypto market was close to its all-time high.

At the end of its list, the FSMA notes it was created based on its findings alone, and as such “does not include all the companies which might be operating unlawfully in Belgium in that sector.” It adds users shouldn’t hesitate to contact it in case they have any doubts.

GitHub Burying Bitcoin Code Beneath Mountain in Norway’s Svalbard

Michael LaVere
  • GitHub is creating a Vault Program to preserve open-source code, including that of Bitcoin Core. 
  • The data will be stored on reams of film and stored in a decommissioned mine in Norway's Svalbard archipelago. 

GitHub is burying a database of open-source code, including that of Bitcoin Core, 250 meters below the permafrost of a mountain in Norway’s Svalbard archipelago. 

GitHub announced the project as a plan to preserve open-source software for future generations. According to their 2020 Artic Vault program, the developer community is creating a “snapshot” of active repositories on GitHub in order to safeguard an important part of technological history. The code will be copied onto film reels and placed in steel containers designed to last at least 1,000 years. 

The project’s official page reads, 

As today’s vital code becomes yesterday’s historical curiosity, it may be abandoned, forgotten, or lost. Worse, albeit much less likely, in the case of global catastrophe, we could lose everything stored on modern media in a few generations.

GitHub says the artic code vault will be located in a decommissioned coal mine in the Svalbard archipelago, which is closer to the North Pole than the Arctic Circle. 

The Vault program also intends to create multiple copies of the open-source data on an ongoing basis that will include various data formats and locations. 

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