Ethereum Code has been officially listed as an unauthorised entity by Spain's National Securities Market Commission (CNMV) and flagged as fraudulent by Belgium's Financial Services and Markets Authority (FSMA). Regulators confirm victims have lost money with no recovery options. This platform is NOT legitimately regulated and poses severe financial risk to investors.
Ethereum Code is an online trading platform that claims to offer cryptocurrency and investment opportunities. However, extensive regulatory investigations reveal this is not a legitimate financial service provider. The platform operates without proper authorization and has been formally warned against by multiple European financial authorities.
Spain (CNMV Alert): The National Securities Market Commission listed both 'ETHEREUM CODE BOT' and 'THE ETHEREUM CODE' as unauthorised entities on March 18, 2019 and April 29, 2019 respectively. Associated domains ethereumcodebot.com and the-ethereumcodes.com were flagged by official regulators. Both schemes appear in CNMV's official 'Warned Companies' database.
Belgium (FSMA Warning): The Financial Services and Markets Authority identified Ethereum Code as a fraudulent online trading platform operating through deceptive social media advertisements. FSMA documented cases where victims deposited funds but were unable to recover their money or contact the platform thereafter.
Fraud Indicators:
Red Flags: Scammers behind Ethereum Code employ sophisticated social engineering tactics to gain trust and access to victims' computers. The platform's use of multiple similar domain names suggests deliberate obfuscation to evade regulatory action.
Ethereum Code is a confirmed high-risk fraudulent scheme with documented financial losses. Multiple European financial regulators have formally warned investors to avoid all associated domains and entities. There is no legitimate business model, no regulatory oversight, and substantial evidence of intentional fraud. Investors should immediately cease any contact with this platform and report any suspicious solicitations to their local financial regulator.
The FSMA issued an official warning on 19 November 2020 identifying Ethereum Code as a fraudulent online trading platform operating in the Belgian market. The platform uses fake social media advertisements featuring well-known persons promoting get-rich-quick schemes involving virtual currencies. Victims report inability to recover funds and aggressive tactics including remote computer access requests and pressure for increasing investments.
The CNMV's official 'Engine for Warned Companies' database contains two separate entries for Ethereum Code-related schemes. 'ETHEREUM CODE BOT' was formally warned on 18 March 2019 (operating via ethereumcodebot.com), and 'THE ETHEREUM CODE' was warned on 29 April 2019 (via the-ethereumcodes.com). Both entries appear in the regulator's public registry of unauthorised firms and fraudulent entities.