Key Data

• Trading Name: Cratos
• Legal Entity: Blue Whale Tech Inc
• Activities: Crypto Exchange
• Location: Canada
• Regulations: regulated by FinTrac
• Key People: not given

​Cratos is a digital exchange platform that facilitates the trading of cryptocurrencies and fiat currencies.

Offering

Cratos offers a crypto exchange platform with wallets for over 36 cryptocurrencies, fiat-crypto trading, and merchant processing for businesses.

It provides corporate accounts, a crypto payment gateway, and white-label solutions for enterprises. Users benefit from multi-layer security (2FA, KYC/KYT/KYB), various deposit/withdrawal methods (SEPA, wire, cards, crypto), and a referral program rewarding up to 0.5% of transaction volumes

Regulation

Blue Whale Tech Inc is authorized by the Financial Transactions and Reports Analysis Centre of Canada as a money servicing business operator.

Serving Industries

Cratos offers tailored cryptocurrency exchange services to a diverse range of industries, including:​

• E-commerce: Facilitating seamless crypto payments for online retailers.​

• Financial Services: Providing secure crypto transactions for financial institutions.​

• Gaming: Enabling in-game cryptocurrency transactions and rewards.​

• Travel and Hospitality: Allowing crypto payments for bookings and services.​

• Real Estate: Assisting in property transactions using cryptocurrencies.​

Money laundering Issues

​A recent cybercrime report has implicated Canadian cryptocurrency exchange Cratos in facilitating a Georgian cybercrime operation. Internal documents obtained by the Organized Crime and Corruption Reporting Project (OCCRP) indicate that Cratos processed nearly $350,000 in cryptocurrency transactions from at least 40 victims. This operation, based in Tbilisi, Georgia, employed sophisticated tactics, including deepfake videos of celebrities such as Ben Fogle and Martin Lewis, to promote fraudulent cryptocurrency investments. The scam deceived over 6,000 individuals, primarily from the UK and Canada, resulting in losses totaling $35 million (£27 million). Victims were lured through fake advertisements on social media and coerced into making initial deposits, after which they faced continuous demands for additional payments under various pretexts. The operation’s success was bolstered by building personal bonds with victims and using software to display fake trading results.

Key People

​Cratos, a cryptocurrency exchange platform, has not publicly disclosed detailed information about its key executives or leadership team on its official website. Additionally, available public records and reputable sources do not provide specific details regarding the individuals leading the company. For the most accurate and up-to-date information about Cratos’ leadership, it is advisable to contact the company directly through their official communication channels or consult their official publications.​

Customer Review

not given

Conclusion and Rating: Cratos – High Risks and Lack of Transparency

While Cratos offers a wide range of crypto services for individuals and businesses, there are significant concerns regarding transparency and regulatory security. Recent reports suggest possible involvement in money laundering and cybercrime, raising serious red flags. Additionally, the lack of clear information about key leadership figuresfurther undermines the platform’s credibility.

Due to these risks, we rate Cratos RED – a platform with potential compliance issues and insufficient transparency, posing a significant risk to users and investors. Conducting thorough due diligence is strongly recommended before engaging with Cratos.