Erscheinung:13.06.2025 | Topic Unauthorised business, Consumer protection BaFin warns consumers about a further Turbon website: turbon.vip
BaFin issued warnings on 29 April 2025 and 22 May 2025 about Turbon and the websites turbon.co and turbonpro.co, which have since been deactivated. The unknown operators are now using the website turbon.vip. BaFin suspects the operators of the website of offering consumers financial, investment and cryptoasset services without the required authorisation.
Anyone providing financial, investment or cryptoasset services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.
BaFin is issuing this warning 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 – 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.
