Scam Warning: Blockdag.network and BLOCKDAG Coin

The Financial Services Authority (FSA) of Seychelles has issued a warning regarding the website www.blockdag.network and the 'BLOCKDAG' coin. DAG SYSTEMS LTD., the company behind BLOCKDAG, is registered in Seychelles but does not have authorization for the issuance of this coin. They have failed to submit an application to register the coin offering.

The FSA Seychelles urges investors and the public to exercise caution and conduct thorough research and evaluation before engaging with Blockdag.network, DAG SYSTEMS LTD., or the BLOCKDAG coin. Be extremely careful before conducting business or performing any transactions involving money exchanges or exchanges of personal details.

Date of FSA Warning: 19th March 2025

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Source: https://fsaseychelles.sc/media-corner/regulatory-updates/warning-unauthorised-activity-under-the-virtual-asset-service-providers-act-2024?fbclid=IwZXh0bgNhZW0CMTEAAR5DVjtZlUe9MS73uc-TH9bcWWCMhcULf27egvlmoWp8_fs7enH8ht7nh9Je5Q_aem_uQTyMCE6SiLNMNccW8xCcA