Roughly two weeks previous to its collapse, New Brunswick’s Monetary and Client Providers Fee issued a securities fraud warning towards Beurax.
Sadly this one slipped underneath the radar till I got here throughout it at present.
In line with the FCNB, again on February twenty fourth they
just lately grew to become conscious that BEURAX CORPORATION PTY LTD (BEURAX) is accepting New Brunswick shoppers.
BEURAX just isn’t registered to solicit investments, nor commerce in, or advise on, securities or derivatives in New Brunswick.
That is the equal of a securities fraud warning in different jurisdictions.
As prophesized by the FCNB;
There is no such thing as a assure that the crypto-asset buying and selling platform may have sufficient money or crypto-assets out there if you need to make a withdrawal and will refuse to redeem your funding proceeds.
This precise state of affairs performed out six days later when Beurax collapsed.