The FMA said that BigUncle is operating a scam through website biguncle.work and other various websites.
The FMA is concerned that Finanex Limited may be operating a scam, and recommend caution when dealing with them and their website.
The top types of scams being reported to the FCA included cryptoasset, boiler room and recovery room scams.
All 26 suspects arrested last week in a suspected Forex and Crypto investment and brokerage scam have been released.
Guy Grinberg is a known personality in the Israeli high tech scene after acting as VP Business Development from 2006-2009 at Koolanoo.
One of the arrests in the Crypto scam was of a (still unidentified) prominent, well known Israeli businessman.
FTC data shows that, since October 2020, consumers have reported losing more than $80 million to cryptocurrency investment scams.