The Gibraltar Financial Services Commission (GFSC) is issuing a consumer alert regarding the website https://flashextex.com/.
The website claims to offer services in relation to Distributed Ledger Technology (“DLT”) as well cryptocurrency exchange services. The provision of services surrounding DLT is a regulated activity requiring authorisation from the GFSC and exchange of cryptocurrency is a registered activity requiring registration with the GFSC for AML/CFT supervision.
This website https://flashextex.com/ is not authorised or registered with the GFSC and there are no applications pending for authorisation or registration. Furthermore, there are no active companies registered in Gibraltar with the name ‘FlashExt’ or similar.
How to protect yourself
The GFSC strongly advises consumers to liaise with financial companies which are authorised by the GFSC and can be found on the GFSC's Regulated Entities Register. If a company does not appear on the Register but claims it does, contact the GFSC Regulatory Investigations team on +350 222 59050.
Reporting unauthorised activity
If you think you have been approached by an unauthorised company, or contacted about a scam, please contact the GFSC Regulatory Investigations team on +350 222 59050.
To find out more about how to avoid fraud and scams please visit our consumer guide here.