Company Information

Get to know Chatex

Chatex operated as a multi-functional cryptocurrency platform primarily through a bot integrated within the Telegram messaging app. It allowed users to buy, sell, exchange, and store various cryptocurrencies, functioning as a P2P exchange and wallet service. The platform gained popularity for its ease of use and accessibility. However, an investigation by the U.S. Treasury revealed that Chatex had extensive and direct ties to illicit activities, including darknet markets, high-risk exchanges, and ransomware operations. This led to its designation as a malicious cyber activity entity and the imposition of severe sanctions in November 2021, which forced the cessation of its operations.

Industry

Crypto ExchangePRIMARY
Crypto Cryptocurrency
Financial Other Service

Contact

Social

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Chatex

Estonia

Founded in

01 Feb 2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.