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Cyprus Regulator Flags Unauthorized Digital Investment Platforms and Fraudulent Communications

Regulatory Alert on Unlicensed Investment Platforms

The Cyprus Securities and Exchange Commission (CySEC) has issued a stern warning to investors regarding several websites operating without proper authorization. These platforms, which include deltatradingcorp.com, vyntor.net, phronimoss.com, alchemy-investments.ltd, axiance.com, superfitmax.com, fusion4marketsltd.com, anforanav.com, bm-holdings.co, lyfelete.com, and novustrade.net are not affiliated with any licensed entity in Cyprus.

CySEC advises potential investors to exercise utmost diligence by verifying the regulatory status of investment firms on its official website before engaging in any transactions. This precautionary measure is designed to safeguard investor interests in a marketplace increasingly fraught with unlicensed and potentially deceptive practices.

Vigilance Against Fraudulent Communications

In a related directive, CySEC has alerted both investors and licensed financial entities to a surge in fraudulent emails that mimic official communications from the regulator. These deceptive messages falsely claim to represent CySEC officers, with the intent to extract funds under the guise of regulatory compliance.

The emails often include fabricated signatures and misleading statements such as the release of funds through an identification key or the issuance of a trading certificate upon receipt of a fee. CySEC underscores that its genuine email correspondence always ends with the domain @cysec.gov.cy, and the regulator never solicits payments or fees for certificate issuance or fund release.

Investors and market participants are urged to remain alert and to report any suspicious communications immediately using the dedicated fraud reporting channel at report.fraud@cysec.gov.cy. This proactive approach is critical to maintaining the integrity of the investment landscape in Cyprus.

Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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