The Swiss financial regulator encourages Swissquote to solve bogus websites

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Swiss regulatory bodies Swissquote, an online trading platform for a cryptocurrency -friendly YUH application to reduce the number of phishing and personification tests focused on its platforms.

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The Swiss supervisory body of the financial market (Finma) cited the Yuh platform, which also contains cryptographic trade as the main purpose of the fraud campaign campaign committed by fraudsters.

Cryptocurrency losses in Q3 2025 categorized by the fraud vector. Source: Certificate

Swissquote CEO, Marc Buerki, assigned AI an escalate in fraud, which makes it easier to launch malicious campaigns. The general director also said that bogus websites were not threatened with any internal systems.

Cointelegraph contacted the company, but did not receive an answer at the time of publication.

Fraud still is a problem for the cryptocurrency industry, which annually costs billions of dollars of collective losses and discouraging potential market participants from having digital assets.

https://www.youtube.com/watch?v=T06MVWZ6NGM

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“Until now, in 2025 they led to incidents [around] $ 2.1 billion. Most of the losses come from compromises in the portfolio and phishing, with the increase in data leaks it is important to be vigilant “,” Cybersecurity Certical Safety wrote in May.

Phishing attacks, social engineering campaigns, fake websites, impersonating online life and poisoning.

An elderly person was the target of $ 330 million in April through social engineering fraud, According to to the Onchain Zachxbt detective. The theft was placed as the fifth loss of cryptocurrencies in history.

Phishing, fraud, social engineering
Cryptocurrency losses resulting from fraud and hacks in Q3 2025. Source: Certificate

Even experienced industry veterans fall victim to sophisticated social engineering fraud. In June Crypto Venture Capital Mehdi Farooq, investment partner in Hypersphere, revealed that he was a victim of a phishing attack that exhausted most of his life savings.

Warehouse: False fraud of the Rabby portfolio combined with the director of Dubai Crypto and many other victims

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