Sybbex has received a trading fraud warning from Belgium’s Financial Services and Markets Authority (FSMA).

FSMA added Sybbex to its list of “fraudulent trading platforms” on April 23rd, 2026.

The Financial Services and Markets Authority (FSMA) is once again drawing the public’s attention to the dangers posed by fraudulent trading platforms.

These platforms lure investors online with promises of quick and easy earnings. Their offers look attractive, but they are nothing more than advanced scams that can lead to significant financial losses.

In the case of Sybbex, that’s exactly what happened.

Sybbex was an MLM crypto Ponzi, fronted by a Boris CEO actor with an eastern European accent. Sybbex marketing videos were shot in Moscow, Russia.

Sybbex solicited investment in tether (USDT), on the promise of up to 3.4% a day.

Having launched around early to mid 2024, Sybbex went on to collapse in April 2025.

Sybbex’s collapse coincided with a securities fraud warning from the Central Bank of Ireland earlier the same month.

This makes Belgium the second regulator to issue a Sybbex fraud warning, although we’re not sure what the point is 12 months after Sybbex collapsed.