Bitcoin Vault has received a securities fraud warning from the UK’s Financial Conduct Authority.

As per the FCA’s August 26th Bitcoin Vault warning;

We believe this firm may be providing financial services or products in the UK without our authorisation.

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised or registered by us.

This firm is not authorised by us and is targeting people in the UK.

The FCA cited Bitcoin Vault operateing from the domain “”.

In May 2022 Bitcoin Vault advised it was abandoning the domain for SEO purposes.

“” has been deployed as a backup BTCV website domain since at least August 2021.

After abandoning its primary domain, Bitcoin Vault started banging on about “the metaverse”.

That was shortly followed by a “VMint” NFT cash grab.

Whatever VMint is supposed to be, it appears broken at time of publication:

Bitcoin Vault is part of Eyal Avramovich’s collapsed Mining City Ponzi scheme.

As of mid 2021, Mining City was paying out cents through its BTCV investment plans. In late 2021 Avramovich pulled a KYC exit-scam and disabled Mining City withdrawals.

In a since-deleted March 2022 webinar, Avramovich maintained screwing over BTCV investors wasn’t a rugpull.

Avramovich runs his various cryptocurrency Ponzi schemes through shell companies that feed up into MineBest.

Rather than front Mining City himself, Avramovich appointed Greg Rogowski, a former MineBest employee, to front the Ponzi scheme.

Both Avramovich and Rogowski haven’t appeared in promotional videos for months.

Rogowski is believed to have cashed out and gone into hiding earlier this year. Avramovich has moved onto iMine, a Mining City Ponzi clone targeting south-east Asia.

Mirroring Rogowski fronting Mining City, Avramovich has Jorge Mesquita fronting iMine.

Mesquita a serial promoter of MLM crypto Ponzi schemes.

As of August 2022, Avramovich is taunting Mining City victims through iMine’s social media accounts:

Launched four months ago, iMine has thus far failed to gain traction.