BaFin warns against 28 fake AI trading sites and fraudulent crypto platforms
- —BaFin warned about btcx.investments for unlicensed banking and financial services
- —28 nearly identical 'AI trading' sites collect customer data without a license
- —Purpose Mutual Funds Limited falsely claims supervision in Canada, Cayman Islands and Italy
- —staublicapital.com impersonates Swiss-based Staubli Capital Management
Why it matters: The warning highlights the rise of fraudulent crypto and 'AI trading' schemes in the EU, increasing pressure on regulators and risks for retail investors.
Source: Block-Builders
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