BaFin warns against vaulttrades and fake Vantex Bank, fines VW €1.2M
- —BaFin warned that vaulttrades.co offers crypto services without a license under § 10 (7) KAGB
- —vantex-bank.com/.net promote a non-existent bank and a fake EBA register
- —Deutsche Bank given new deadlines to fix transaction-monitoring deficiencies
- —VW fined €1.2 million for violating the Market Abuse Regulation
Why it matters: The regulator is stepping up enforcement against unlicensed crypto services and recovery scams in the EU, raising risks for illegal platforms.
Source: Block-Builders
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