BaFin Warns Against Six Websites Suspected of Offering Illegal Financial Services

Germany’s Federal Financial Supervisory Authority (BaFin) has issued new warnings against six websites suspected of providing unauthorized banking, investment, securities, or crypto-asset services.

BaFin said several cases involve alleged identity theft, with fraudulent operators reportedly using the names of legitimate financial companies to appear credible and attract investors.

The regulator warned that these websites are not supervised by BaFin and urged investors to verify whether a company is officially authorized before depositing funds or making investments.

The latest warnings target:

whitelake-invest.com — suspected unauthorized financial and securities services, with alleged identity theft involving Whitelake Capital GmbH.
bitvero-24.com — suspected unauthorized banking and financial services.
crossboerse.com / @tradias.group — suspected unauthorized financial and securities services, with alleged misuse of Tradias GmbH’s identity.
thfinanz-ag.com — suspected fake fixed-term deposit offers and alleged identity theft involving Switzerland’s TH Finanz AG.
cryptorxindex.info — suspected unauthorized crypto-asset services.
silkfinanz.com — suspected unauthorized financial, securities, and crypto-asset activities.

BaFin highlighted that fraudulent fixed-term deposit schemes and fake cryptocurrency investment platforms remain common threats targeting retail investors.

The regulator reminded investors that checking a provider’s official license status is a crucial step before transferring money or entering into any investment agreement.