FRAUDULENT SOCIAL MEDIA POSTING - PRIMEAURORA (2025-02-03)

Summary

This is a public warning notice issued by the Bermuda Monetary Authority (BMA) alerting the public to a fraudulent social media posting that falsely uses the BMA's name and a fabricated bank statement to promote an online cryptocurrency trading platform called PrimeAurora.

• The scam: A sponsored social media post links to a fabricated Royal Gazette style report claiming the Central Bank of Bermuda is suing a Member of Parliament, alongside a fake Official Bank Statement bearing an unauthorised version of the BMA logo.
• BMA clarification: The BMA does not provide retail banking services, so any purported bank statement from the Authority is fabricated.
• PrimeAurora status: PrimeAurora is not licensed or registered by the BMA to conduct any regulated activity in Bermuda.
• Risk warning: The BMA warns that dealing with unregulated entities, especially those promoted through fraudulent statements, carries increased risk, and anyone doing so does so at their own risk.

The notice is informational and warns the public rather than imposing compliance obligations on regulated entities.

Applies to

members of the public, potential investors, unlicensed virtual asset/crypto trading platforms