The Spanish CNMV warned against CryptoRocket in Feb 2022. The offshore entity CryptoRocket Limited in St. Vincent & The Grenadines, incorporated in Sept 2018, allegedly operates the scheme. Victims can deposit their funds with Bitcoins or via credit and debit card and bank transfer. However, when doing so, one is redirected to Instacoins via a deep integration. The same scammers operating LonghornFX and CedarFX are also behind CryptoRocket with the same white-label mutation and Instacoins.
Key data
| Trading name | CryptoRocket |
| Domain | www.cryptorocket.com |
| Domain registrar | GoDaddy |
| Legal entity | CryptoRocket Limited (SVG) |
| Jurisdiction | St. Vincent & The Grenadines |
| Attacking languages | English, Spanish |
| Payment processor | Instacoins (https://instacoins.com) |
| Social media | Instagram, Facebook |
| Related scam | LonghornFX, CedarFX |
| Warnings | CNMV |
The narrative
CryptoRockethas more than 3,700 followers on Instagram and some 2,500 friends on Facebook. Like many new broker scams, CryptoRocket relies on an affiliate system to motivate victims to acquire even more victims. To this end, the broker provides a portfolio of banners affiliates can use for promotion on social media.
The obscure World Financial Award of Saqs Investment and Amiran Azaladze chose CryptoRocket as one of the winners in the Forex Broker category and listed it in the Hall of Fame. A mockery. Other illegal brokers, such as LonghornFX, CedarFX, and EagleFX, have also been listed in this Hall of Fame. EagleFX has been red-listed by the U.S. CFTC (read report here).
Share information
If you have any information about CryptoRocket, LonghornFX, or CedarFX, its operators, and partners, please let us know through our whistleblower system, Whistle42.
