Erscheinung:13.10.2023 | Topic Unauthorised business, Consumer protection BaFin investigates operator of website cryptoenption.com
The Federal Financial Supervisory Authority (BaFin) warns consumers about the website cryptoenption.com. According to information available to BaFin, the unknown operator is providing financial and investment services on this website without the required authorisation.
BaFin already published a warning about the website crypto106.com on 17 July 2023. The website is now inactive. BaFin has become aware that its users are being redirected to the website cryptoenption.com. The two websites are almost identical.
Financial and/or investment services may only be offered in Germany if the company providing these services has the necessary authorisation from BaFin to do this. However, some companies offer these services without the required authorisation. Information on whether particular companies have been authorised by BaFin can be found in BaFin’s database of companies.
The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).
Please be aware:
BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.
