Regulation· ★★★· bearish·

BaFin warns over three unlicensed platforms, including crypto services

  • —Elyrion Wealth is promoted on WhatsApp by a fictitious "strategist"
  • —AlstraTradingAI and Zyrtex-X share the domain wealthinvsthubs.com
  • —Kronberg Finanzen is suspected of unlicensed lending via WhatsApp
  • —BaFin cites Section 37 of the Banking Act and Section 10 of the crypto supervision law
Why it matters: The warning underscores that crypto services in the EU require a license and that WhatsApp-based schemes remain a common fraud channel.
Source: Block-Builders
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