Times of Israel:
"The binary options industry, which is estimated to have employed more than 10,000 people, was outlawed by the Knesset in October 2017 largely as a result of The Times of Israel’s reporting, beginning with a March 2016 article entitled “The Wolves of Tel Aviv.”"
"But the industry has not gone away. Many of its operatives have reinvented themselves as “blockchain,” “fintech,” or “cannabis” entrepreneurs, while some of the call centers offering fraudulent investments have moved abroad and now offer fraudulent forex, cryptocurrencies or other investments from such cities as Kyiv, Sofia and Tbilisi."
"The binary options industry operated in Israel with impunity for a decade, stealing billions of dollars from millions of people around the world. While US law enforcement continues to tackle the fraud, and has convicted several Israelis and indicted others, Israel has yet to prosecute any of its orchestrators or operatives."
[1] https://www.timesofisrael.com/dont-let-israel-become-the-pro...
[2] https://www.timesofisrael.com/the-wolves-of-tel-aviv-israels...