CySEC warns fake site cysekbrok.readdy.co impersonates its website amid fee-for-recovery approaches
FX News Group reported on 23 October 2026 that the Cyprus Securities and Exchange Commission (CySEC) issued a warning that day about a new case of fraudulent impersonation of its website…
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Source: fxnewsgroup.com · published
What happened
FX News Group reported on 23 October 2026 that the Cyprus Securities and Exchange Commission (CySEC) issued a warning that day about a new case of fraudulent impersonation of its website cysec.gov.cy, and further cases of individuals falsely presenting themselves as CySEC staff. CySEC says the website https://cysekbrok.readdy.co/ is malicious and not affiliated with it. CySEC urges investors to be vigilant when approached by fraudsters asking for fees or other sums in exchange for the supposed recovery of investment losses, and says it never contacts individuals by telephone, does not send unsolicited correspondence, and has no mandate to collect fees from investors or appoint anyone to do so. readdy.co is a legitimate website-building and hosting service (Readdy); only the cysekbrok.readdy.co subdomain is named by CySEC, and the platform itself is not implicated.
How the scam works
Recovery scams target people who have already lost money to a fake broker or investment scheme. Someone posing as a regulator, a law firm or a 'fund recovery' service gets in touch, often by phone, email or social media. They say the lost money has been traced or a compensation scheme is available, and ask for an upfront fee, tax or 'release' payment before it can be returned. Copying a regulator's website, as with cysekbrok.readdy.co, and using the names of real staff make the approach look official. Whoever pays usually loses that money too, and may be targeted again with new demands.
CySEC says it does not request personal data or financial information, and does not authorise, verify or take part in class actions, compensation schemes or payments between people or organisations. It asks the public to confirm whether any communication is genuine by emailing report.fraud@cysec.gov.cy before taking action. The real CySEC website is cysec.gov.cy.
Source
FX News Group, "CySEC warns of fraudulent impersonation of its website" (published 23 October 2026).
Red flags
- Someone claiming to be from CySEC, or another regulator, who phones or messages you without being asked.
- A website that copies a regulator's site but uses a different address, such as cysekbrok.readdy.co instead of cysec.gov.cy.
- An offer to recover money lost in an earlier investment scam.
- Requests for a fee, tax or other payment before your money can be returned.
- Requests for personal data, ID documents or banking details.
If you were targeted
- 1Don't pay any fee or share personal or financial details with anyone claiming to recover your losses.
- 2Check whether a message really comes from CySEC by emailing report.fraud@cysec.gov.cy.
- 3Visit CySEC only by typing cysec.gov.cy into your browser.
- 4If you have paid, contact your bank immediately.
- 5Report the approach to CySEC and to the police.