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Asked if there are any financial companies in the building, the receptionist replied, “Yes, there’s Beta Media [the company that operated the binary options website 24option.com] but they changed their name to Bit-tech, and there are others as well.” In late October, on the 24th floor of the Atrium Building, a company called “Traffic Lords” — which describes itself as an online marketing training center, co-working space and affiliate network — held an event that was attended by about 150 people, many of them exiles from the binary options industry.
Headlined “Have you heard of the cryptocurrency market? ” the event targeted affiliate marketers looking for lucrative opportunities in the emerging cryptocurrency and “initial coin offering” (ICO) markets.
On the other hand, in recent weeks, some Israeli experts have been sounding the alarm that cryptocurrencies may be the next binary options — in other words, the next multibillion dollar fraud committed by Israelis against unsuspecting targets all over the world.
The Israel Securities Authority’s outgoing chairman, Shmuel Hauser, who drafted the binary options law, is one of them.
On a weekday morning in October, a day before the Knesset passed a law outlawing Israel’s widely fraudulent binary options industry, the streets of Ramat Gan’s diamond district were far from bustling.
On October 23, the Knesset unanimously voted to ban the entire Israeli binary options industry, a vast, multibillion dollar scam that has defrauded millions of victims worldwide for a decade.
“Come discover the hottest new area for affiliate marketing and listen to top experts, find out why you should get involved in cryptocurrency affiliation, and most importantly, how to make money! Affiliate marketing is a branch of online advertising that consists of one website driving sales or traffic to another website in exchange for a commission or fee.
Affiliate marketers can advertise anything, from clothing to books to dating website memberships, receiving payment from the seller when the sale goes through.
Not everyone in the Traffic Lords audience was an affiliate marketer.
One man in the audience even asked a speaker to explain what affiliate marketing is.