Erscheinung:03.04.2025 | Topic Unauthorised business, Consumer protection Revolvo: BaFin additionally warns consumers about the website revolvo.online
On 5 March 2025, BaFin issued a warning about Revolvo and its website revolvo.pro, which has since been deactivated. The unknown operators are now using the website revolvo.online. BaFin suspects the operators of the website of offering consumers financial, investment and cryptoasset services without the required authorisation.
The unknown operators are contacting consumers, claiming that their offer is from Baden-Württembergische Wertpapierbörse GmbH or Börse Stuttgart GmbH. However, none of this information is correct. This is a case of identity fraud.
BaFin is issuing this information on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomärkteaufsichtsgesetz).
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.
