Twitter busted, Etoro is not safe from regulators
15/12/2020 Twitter fined £400,000 for breaking EU data law, Etoro is next to be audited by CySEC, FCA, ASIC and separately by Financial Ombudsmen representing each of 200k affected customers.
Etoro will be next to respond to regulators and be fined/pay a fine for Failing to report discrepancies and errors in calculation algorithms and account statements adversely affecting users profits/losses (increasing losses even 4.34%). Compensation is estimated of over $5mln to all crypto asset users affected in 2017-2018. We need Australian and US users to come forward, in addition to EU and UK who are already verified eligible.
Twitter failed to notify it within 72 hours after identifying a data breach in January 2019, and it also did not adequately document what had happened.
Etoro confirmed to us that they changed their calculation methods and financial statements after 2019 (which were wrong for at even two years), secretly covering their manipulation.
Email us for sensitive evidence (correspondence, Etoros statement, Waiver offered by Etoro, users statements, calculations etc. )
Tags: Etoro regulatory problems, Etoro FCA regulated but breaching rules, Etoro claims to be fully regulated but is not reporting serious problems to authoritis.