BaFin warns against multiple unauthorized financial and crypto platforms
Germany's Federal Financial Supervisory Authority (BaFin) has issued a new series of warnings against multiple websites suspected of offering unauthorized banking, investment, financial and crypto-asset services. Several of the platforms were also found to be impersonating legitimate financial institutions through identity theft.
BaFin said the cases include unauthorized trading platforms, fraudulent fixed-term deposit offers, fake pre-IPO investment schemes, and crypto investment services. In several instances, operators falsely claimed to represent licensed companies in the UK, Switzerland, Cyprus or Germany to gain investors' trust. The regulator also identified a coordinated group of nearly identical crypto trading websites using the slogan "Improve Your Crypto Trading Experience", indicating a broader fraudulent network.
The regulator reminded consumers that banking, investment, securities and crypto-asset services may only be provided in Germany with BaFin authorization and urged investors to verify firms through its official company database before investing.
|
Platform |
Website |
Findings |
|
EuroXNow EuroXOne |
euroxnow.com; euroxone.com |
Unauthorized banking, financial and crypto services; coordinated platform series |
|
Allenby Group |
allenbygroup.com |
Unauthorized financial services; identity fraud involving a UK company |
|
RKR Epsilon |
rkr-epsilon.com |
Unauthorized pre-IPO share offers; identity theft involving RKR Epsilon Limited |
|
Mindora Group BloomX |
mindora.group; mindora.to; mybloomx.de |
Unauthorized financial and crypto services; impersonation of Gesellschaft für Kryptoregisterführung mbH |
|
ETF Admiral(s) |
etf-admiral.global |
Unauthorized banking, investment and crypto services; impersonation of CySEC-regulated Admirals Europe Ltd. |
|
Broad Reach |
broadreacheu.com |
Unauthorized fixed-term deposit offers; identity theft involving Broad Reach GmbH |
|
Astenor AG |
astenorag.com |
Unauthorized banking and financial services |
|
Donze Unlimited |
donze-unlimited.com; user.dataflowportal.com |
Unauthorized financial and crypto services; identity fraud involving a Swiss company |
|
Clear Market Europe |
clearmarketeurope.com |
Unauthorized financial and crypto services; identity fraud involving a UK company |
|
AlpineNova |
alpinenova.io |
Unauthorized investment services; part of coordinated trading platform network |
|
DegiroPartners |
degiropartners.io |
Unauthorized investment services; part of coordinated trading platform network |
|
Delta Private Capital |
deltaprivatecapital.com |
Unauthorized investment services; part of coordinated trading platform network |
|
WhiteLake Invest |
whitelake-invest.de |
Unauthorized investment services and fixed-term deposit offers; impersonation of Whitelake Capital GmbH |
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