Company Information

Get to know BlockGen

BlockGen Corp., founded by Douver Torres Braga, operated from approximately 2017 to 2019. The company's business model was to raise funds from investors by promising to use the capital for cryptocurrency mining activities, primarily Bitcoin, leveraging supposed access to low-cost electricity. However, the U.S. Securities and Exchange Commission (SEC) found that the company was a fraudulent scheme, with a significant portion of investor funds being misappropriated for personal use by its founder rather than being invested in the advertised mining operations.

Industry

Financial FundraisingPRIMARY
Crypto Cryptocurrency
Financial Other Service

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BlockGen

United States

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

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Security Information

Warning

This company is currently Unproved.

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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.