The Seychelles regulator FSA issued a warning against BlockFi The Financial Services Authority of Seychelles (FSA) issued a warning against BlockFi, saying the website "https://blockixc.com/" is not linked to any entity licensed or regulated by the FSA in any capacity: https://fsaseychelles.sc/media-corner/regulatory-updates/alert-unauthorized-use-of-websites-the-unlawful-website-7

BrokersView has reviewed that BlockFi is an unregulated broker BlockFi claims to be operated by the Blockfi investment exchange group under various supervision:1) Blockfi Investment (exchange) Ltd. claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 109/10.2) Blockfi Investment Exchange (UK) Ltd. claims to be regulated by the Financial Conduct Authority (FCA) under the license FRN 583263.3) Blockfi Investment Exchange AUS Capital Limited claims to be authorized by the Australian Securities and Investments Commission (ASIC) with Australian Financial Services License 491139.4) BlockFi (Seychelles) Ltd. claims to be licensed by the Financial Services Authority Seychelles (FSA) under License number SD076.However, when we searched this broker in above-mentioned regulators' registries, we found that the CySEC license number 109/10 belongs to a company "Etoro (Europe) Ltd", the FCA FRN 583263 "eToro (UK) Ltd", and the ASIC AFSL license 491139 "eToro AUS Capital Limited". On the website of Seychelles FSA there is no matching results to BlockFi. That means BlockFi is using the authorized firm's information to try and convince investors that they have the authorization to provide financial services. What BlockFi claims is a false statement to unsuspecting investors. More importantly, the Seychelles FSA has issued a warning against BlockFi, believing this broker is not licensed or regulated by them.The truth is, BlockFi is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

BrokersView has identified that BlockFi's website is currently offline BrokersView found that the domain "https://blockixc.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.