ADGM FSRA Warns Investors About Fraudulent Tungsten Clone Websites

Cybercriminals increasingly exploit the names of regulated financial institutions to deceive investors into believing they are dealing with legitimate firms. By creating lookalike websites and copying branding from authorised companies, fraudsters attempt to gain the trust of unsuspecting victims before requesting deposits or sensitive personal information.

One of the latest examples involves several fraudulent websites impersonating Tungsten Custody Solutions Ltd, a regulated firm in Abu Dhabi Global Market (ADGM).

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has issued a public alert warning investors about the fraudulent websites:

• https://tungsten-me.com
• https://tgst-me.com
• http://my-tungstens.com
• https://app-tunsgten.com
• https://tungsten-app.com

According to the FSRA, these websites closely imitate the official website of Tungsten Custody Solutions Ltd, an entity authorised and regulated by the FSRA. The regulator expressly states that the websites are not associated with Tungsten, their operators are not licensed or authorised to conduct regulated activities in or from ADGM, and the FSRA believes the websites have been created for the purpose of conducting fraud. oai_citation:0‡ADGM

What the ADGM FSRA Reported

According to the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the alert relates to the following fraudulent domains:

• tungsten-me.com
• tgst-me.com
• my-tungstens.com
• app-tunsgten.com
• tungsten-app.com

The regulator advises that:

• The websites imitate the genuine website of Tungsten Custody Solutions Ltd.
• They are not connected with the authorised firm.
• Their operators are not licensed or authorised by the FSRA.
• The websites are believed to have been created for fraudulent purposes.
• Investors should verify firms using the FSRA Public Register before engaging with any financial services provider. oai_citation:1‡ADGM

No Other Financial Regulators Have Issued Public Warnings

After reviewing the available regulatory databases, no other financial regulator has published an official warning regarding these specific domains.

At the time of writing, the Financial Services Regulatory Authority (FSRA) of ADGM is the official authority that has issued the public warning concerning these fraudulent websites. oai_citation:2‡ADGM

Why Clone Websites Are Dangerous

Clone websites are specifically designed to impersonate genuine financial institutions. They often copy logos, colours, website layouts, contact details and even regulatory language to convince investors that they are dealing with an authorised business.

Unfortunately, many victims only discover the deception after transferring funds or providing sensitive personal information.

Before opening an investment account or sending money, investors should always confirm that the website matches the official domain listed by the relevant financial regulator.

Verify Before You Invest

Before investing with any online financial platform, consider checking the Financial Conduct Authority (FCA), Financial Services Regulatory Authority (FSRA) of ADGM, International Organization of Securities Commissions (IOSCO), Swiss Financial Market Supervisory Authority (FINMA), Australian Securities and Investments Commission (ASIC), Autorité des marchés financiers (AMF), British Columbia Securities Commission (BCSC), Ontario Securities Commission (OSC), U.S. Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS).

It is also worthwhile reviewing discussions on Reddit and financial information platforms such as FastBull. While community discussions may provide useful context, official regulatory warnings should always remain the primary source when assessing an investment opportunity.

Related Scam Alerts

You may also find these regulatory alerts helpful:

• Capital Guard AU Pty Ltd (capitalguard.com.au)
• QASX (qasx.org)
• Gifx Partner Limited (gifxpartnersltd.com)
• SwizzGreenAssets (swizzgreenassets.com)
• Express Exchange (express-exchangeuk.com)
• IC Markets (icmarketsdusfx.com)

📞 Need Assistance?

If you believe you have been affected by tungsten-me.com, tgst-me.com, my-tungstens.com, app-tunsgten.com, tungsten-app.com, or another fraudulent investment platform:

👉 Request a case assessment

👉 Speak with our recovery specialists

👉 Receive a transaction review

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Visit https://assetvaultrecovery.com to discuss your case confidentially.

Disclaimer

This article is based on publicly available information released by financial regulators and investor protection authorities, including the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), together with publicly available educational resources. It is intended solely for educational and informational purposes and should not be interpreted as legal, financial, or investment advice.