Overview

• The seized domains posed as legitimate crypto and securities trading sites but operated without authorization from Germany’s financial regulator, BaFin.
• Since the redirect, law enforcement has blocked roughly 616,000 attempts to access the former scam platforms.
• Authorities recorded 1,036 Cybertrading Fraud cases in 2024 that inflicted investors with losses totaling millions of euros.
• The scheme lured victims with promises of easy cryptocurrency gains and applied intense pressure to invest additional funds.
• Investigators advise consumers to verify trading platform credentials, resist high-pressure solicitations and report suspicious sites immediately.