Consumer Warning: Unauthorized Crypto Scheme calculusinv.com CVUZ Token

BaFin News & Warnings

Published April 1st, 2026

Detected April 1st, 2026

Summary

BaFin issued a consumer warning on 2026-04-01 regarding Calculus Investments Ltd, which claims to operate from New York and Frankfurt but provides unauthorized financial, investment, and cryptoasset services through calculusinv.com and the GVEXPRO app. The regulator suspects the presented founder, Prof. Tobias Fischer, does not exist, and consumers purchasing CVUZ tokens via this scheme are likely to lose their invested funds.

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What changed

BaFin has issued a consumer protection warning under Section 37(4) of the German Banking Act (KWG) and Section 10(7) of the Cryptomarkets Supervision Act (KMAG) against Calculus Investments Ltd operating through calculusinv.com and social media channels including the 'Calculus Investment Academy VIP Y' group. The entity promotes CVUZ token trading via the GVEXPRO crypto trading app without the required BaFin authorization. BaFin explicitly notes that the purported founder, Prof. Tobias Fischer, is suspected to be fictitious, and all invested funds are considered likely lost.

This is an informational consumer alert; no compliance actions are required from regulated entities. German consumers and investors who may have engaged with this scheme should be aware that any money transferred is probably unrecoverable. BaFin maintains a company database for verifying authorization status. The Federal Criminal Police Office and state criminal police offices co-issue warnings about internet-based financial fraud in connection with such unauthorized operators.

Source document (simplified)

Erscheinung: 01.04.2026 | Topic Unauthorised business, Consumer protection Calculus Investments Ltd.: BaFin warns consumers about offers on the website calculusinv(.)com and on social media channels promoting the sale and purchase of the CVUZ token via the “GVEXPRO” app

BaFin warns against offers on the website calculusinv(.)com and on social media channels such as the “Calculus Investment Academy VIP Y” group. According to information available to BaFin, Calculus Investments Ltd, which claims to be domiciled in New York and Frankfurt/Main, is providing financial, investment and cryptoasset services without the required authorisation.

BaFin suspects that Prof. Tobias Fischer, who is presented as the company's founder, does not actually exist. Consumers are encouraged to purchase and trade in CVUZ-TOKENs via the “GVEXPRO” crypto trading app. Any money invested there is, in all likelihood, lost.

Anyone providing financial, investment or cryptoasset services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been authorised by BaFin can be found in BaFin ’s database of companies.

BaFin is issuing this information on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomärkteaufsichtsgesetz – KMAG).

Caution

BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) warn consumers to watch out for internet-based financial fraud. If you wish to invest money online, exercise the utmost caution and do the necessary research beforehand in order to identify attempted fraud at an early stage.

In the “ Recognising financial fraud ” section of our website, you can view BaFin ’s current warnings about companies operating without the required authorisation and find out how to protect yourself from fraud on the financial market

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