BaFin warns over Vortex Street site offering fake OpenAI shares
- —BaFin suspects unauthorized financial services and identity misuse
- —The site vortex-street.com offers purported OpenAI pre-IPO shares
- —Warning based on Section 37 KWG and Section 18 WpPG
- —Financial and crypto services in Germany require BaFin approval
Why it matters: The scheme exploits hype around OpenAI's IPO; investors should verify providers in BaFin's database.
Source: Block-Builders