FRAUDULENT WEBSITE - STILLMAN CRYPTO BRAZIL (2024-10-16)

Summary

This is a public warning notice issued by the Bermuda Monetary Authority alerting the public to a fraudulent website purporting to be Stillman Crypto Brazil Ltda, which claims to be headquartered in Bermuda. The Authority confirms no such company is formed in Bermuda and it holds no licence to conduct the activities described on the site.

• Fraudulent entity: Stillman Crypto Brazil Ltda, operating via https://www.stillmancriptobrazil.com/, claims a Bermuda headquarters but is not incorporated in Bermuda and is unlicensed.
• Impersonation risk: The fraudulent website mirrors details of the genuine BMA regulated entity Stillman Digital Bermuda Ltd (www.stillmandigital.com), apparently to mislead investors.
• Public guidance: The Authority urges the public to be wary of dealing with unregulated entities and websites that copy regulated firms.

This notice is informational only and does not impose ongoing compliance obligations on regulated entities; it serves to warn consumers and the public against engaging with the identified fraudulent website.

Applies to

members of the public, virtual asset businesses