Erscheinung:06.02.2025 | Topic Unauthorised business, Consumer protection BaFin warns consumers about various websites advertising automated crypto trading bot
The Federal Financial Supervisory Authority (BaFin) warns consumers about a series of platforms advertising an AI-controlled algorithm for trading in financial instruments and cryptoassets. Specifically, the following providers are under investigation:
• zivaprofit7.com - ZivaProfit7 Ai
• velmocoin.com - Velmo Coin AI
• zolintex.com - Zolintex AI
• luxigain.com - LuxiGain AI
• grabcapital4u.com - GrabCapitaL4u Ai
• tivanafund.com - TivanaFund AI
• brixogain.com - Brixo Gain AI
• brixofund.com - BrixoFund AI
• pamborich.com - Pamborich Ai
• zonocash.com - Zono Cash AI
• econarix.com - Econarix AI
• zorbofund.com - ZorboFund AI
• gaintomo.com - GAINTOMO AI
• trovafund.com - TrovaFund AI
• gliporich.com - GlipoRich AI
• viznofund.com - ViznoFund AI
• grivogain.com - GrivoGain AI
Anyone offering financial or investment services or crypto-asset services in Germany requires a license from BaFin. However, some companies offer such services without the required license. Information on whether a particular company is authorized by BaFin can be found in the company database.
The information provided by BaFin is based on Section 37 (4) of the German Banking Act (KWG) and Section 10 (7) of the German Crypto Markets Supervision Act (KMAG).
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.
