We recently warned against the Keler Group broker scam, which deployed the fraudulent YuanPay crypto campaign to chase after victims. In our initial review, we exposed that the scam asked its victims to make deposits via the crypto stablecoin USDT, which had to be purchased with credit cards via the Bulgarian AllCoinSwapper and the licensed Estonian crypto payment processor Mercuryo. This week, the Spanish CNMV issued a warning against Keler Group. Stay away!
Key data
| Trading name | Keler Group |
| Domain | www.kelergroup.com |
| Legal entities | Dasilion EOOD, Bulgaria Digital Markets, Switzerland |
| Jurisdiction | Switzerland Bulgaria Estonia |
| Promoted by | YuanPay fraud campaign |
| Payment facilitators | AllCoinSwapper (www.allcoinswapper.com) mercuryo (www.mercuryo.io) |
| Warnings | CNMV |
The scam narrative
Keler Group presents itself as a “boutique” crypto trader. The website claims that Digital Markets operate the broker with an address in Geneva, Switzerland. Victims can make deposits only via Tether stablecoin (USDT).
Our initial review revealed that potential victims were instructed to purchase USDT at the crypto exchange AllCoinSwapper website (https://crm.allcoinswapper.com). The actual purchase is processed through the licensed Estonian Mercuryo integrated into AllCoinSwapper via API. Bulgaria’s Dasilion EOOD in Sofia operates AllCoinSwapper, and Estonia’s MoneySwap OÜ operates mercury together with Canada’s Moneymaple Tech Ltd.
In our new review on 20 October 2022, the link to AllCoinSwapper was removed.
No chargeback
Customers who buy Tether this way with their credit card have no chargeback option. They have officially purchased cryptocurrencies through mercuryo with their credit card. There is no connection to the Keler Group scam recognizable for banks and credit card companies. Your money is gone for good.
Stay far away from YuanPay and Keler Group scam. Save yourself financial losses and the theft and misuse of your data.
Share information
If you have any information about Keler Group, AllCoinSwapper, or mercuryo, please share it with us via our whistleblower system, Whistle42.
