An unlicensed crypto platform gives itself away in two places, and both can be checked in a few minutes: the provider is missing from the financial regulator’s register, and its advertising copy appears word for word on dozens of other sites. On 14 October 2026, Germany’s BaFin put exactly that pattern on the record. The subject of the warning this time is a whole run of near-identically built websites.

The name on the landing page is therefore the least useful piece of information such a site offers. Name, colour scheme and domain ending are interchangeable; the construction and the sales copy stay the same. Learn the construction and you will also recognise the twenty-fourth address in the same run, the one that appears on no list…