Every entity in this index passes through the Cointiverse cartography pipeline before it is pinned to the chart. Myrtle enters with its coordinates already flashing: an official warning record sits behind the listing, and the surrounding pattern matches operations our team has mapped many times before.
The warning on the record
Myrtle's website provides no verifiable regulatory disclosures, only listing an Iraqi phone number and registered address. However, to the best of our knowledge, there is currently no regulatory authority in Iraq overseeing foreign exchange trading activities. This means that forex trading in Iraq remains entirely unregulated, exposing investors to significant financial and legal risks. The absence of basic corporate and regulatory information strongly suggests that Myrtle is operating without authorisation. This poses a significant risk to all investors. Therefore, Myrtle appears to be a scam.
Red flags on the map
- Dashboard balances that cannot be verified on-chain
- Pressure to deposit more in order to unlock earlier deposits
- Appears on an official regulator or fraud-warning list
- No verifiable licence for the jurisdictions it targets
If you have funds with Myrtle
Do not pay anything further, whatever label the request carries. Gather your records now – transaction hashes, wallet addresses, payment receipts, and every conversation – because the strength of a case rests on that trail.
Cointiverse can chart where the funds moved and give you an honest read on whether a realistic path exists. Start a confidential case review – there is no obligation, and the first assessment is free.