The Dubai Financial Services Authority (DFSA) alerts the financial services community and the public to a scam in which the scammers falsely claim to be an Authorised Firm regulated by the DFSA.

The scammers, operating through their website (enxutto.net), falsely claim to be authorised by the DFSA and other regulators by:

• displaying a list of regulatory authorities on their website (enxutto.net/licenses.html)
• stating “We are proud of our licenses and regulations, which confirm our commitment to international standards and provide a high degree of protection for your investments.”
• cloning the DFSA Public Register webpage and presenting it as a fake website (dubai-certifications-finance.net/firm-552912.html)
• using a fake DFSA reference number and listing an address in Austria that hosts virtual offices.

The scammers have also prevented individuals from withdrawing funds traded through their website and require victims to take out a loan to withdraw the funds into a purported “cold” crypto wallet.

Furthermore, the scammers use the DIFC’s and DFSA’s names, the DFSA logo, and a fabricated version of the DFSA website without authorisation.

The DFSA informs you that:

• Enxutto is not, and has never been, authorised by the DFSA; and
• the legitimate website for the DFSA Public Register is www.dfsa.ae/public-register/firms

The DFSA strongly advises you not to respond to any communications regarding this scam, and under no circumstances should you send or give any money to any party connected to the scam.

The DFSA has a page on its website dedicated to alerts which is has issued about scams. All alerts issued by the DFSA may be accessed by going to Alerts.

The DFSA has also issued warnings and guidance about the common types of scams perpetrated on consumers. For more information on these scams, please go to How to avoid being scammed.

The DFSA encourages consumers to refer to the list of regulated Firms and Authorised Individuals licensed by the DFSA that is available on the DFSA's Public Register.

If you have any concerns about the authenticity of any correspondence or documents that purport to be issued by the DIFC, DFSA or a DFSA-regulated Firm, you should direct your concerns to the DIFC on Tel: +971 4 362 2222 and to the DFSA via the DFSA Complaints function on Complaints​​​​.