Erscheinung:25.06.2025 | Topic Unauthorised business, Consumer protection WhatsApp groups: BaFin investigates the company Zraox
According to the information available to BaFin, Zraox is using WhatsApp groups and chats to contact German investors. The company, which claims to have its registered office in the USA, also operates under the name Zraox Blockchain Trading Limited. Zraox is offering cryptoasset services without authorisation. The company is not supervised by BaFin.
The initiators of these WhatsApp groups and chats entice investors to register with the websites zraox.com and/or zraox.org. Zraox also operates additional websites, each under an individual domain: zraox-de[five-digit number].com. The platforms purportedly offer cryptoasset trading opportunities.
Anyone providing 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 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.
