The Australian Securities and Investments Commission (ASIC) has issued another warning on May 21 against an alleged crypto-related scam project.

According to the report, the Australian financial regulator has today published a warning against an alleged scam entity dealing under two names, Dartalon Ltd and GFC Investments.

The ASIC has red flagged the entity, reportedly claiming that the business “has made unsolicited calls or sent emails about investing, financial advice, credit or loans,” while it does not possess either an Australian Financial Services license or an Australian Credit license from the ASIC.

According to Finance Magnates, the flagged website of GFC Investments offers the public a chance to trade various cryptocurrencies, as well as foreign exchange (forex) and contracts-for-differences. On the website, the entity claims that it established its business in 2012.

Previously, the ASIC had released a warning against five misleading initial coin offering (ICO) projects and crypto-asset funds targeted at retail investors. The regulator has also revealed plans to increase regulatory overseeing of crypto exchanges and ICOs.

Earlier in May, the French stock markets regulator AMF reported a 14,000% surge in enquiries related to fraudulent crypto offers in 2018 as opposed to 2016.

Last week, Cointelegraph reported on two blockchain sister startups RepuX and JoyToken, which reportedly defrauded investors out of a total of $8 million.