BaFin Warns Against Unauthorized Mjolnex Offers

BaFin News & Warnings

Filed March 12th, 2026

Detected March 16th, 2026

Summary

Germany's BaFin has issued a warning against Mjolnex for offering financial, investment, and crypto asset services without the required authorization. The warning pertains to offers made on the website mjolnex-ltd.com and highlights the risks to consumers.

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What changed

BaFin, the German Federal Financial Supervisory Authority, has issued a public warning concerning the company Mjolnex, which is allegedly operating from Frankfurt. BaFin has determined that Mjolnex is offering financial services, investment services, and crypto asset services via its website, mjolnex-ltd.com, without possessing the necessary authorization from BaFin. This action is taken under Section 37(4) of the German Banking Act (KWG) and Section 10(7) of the German Cryptomarkets Supervision Act.

This warning serves to alert consumers and potential investors to the unauthorized nature of Mjolnex's operations. BaFin strongly advises consumers to exercise extreme caution when considering online financial services and to verify authorization status through BaFin's official company database before engaging with any provider. Failure to comply with authorization requirements can lead to significant penalties and consumer harm.

What to do next

Verify Mjolnex's authorization status in BaFin's database before engaging.
Exercise extreme caution with unauthorized financial service providers.

Source document (simplified)

Erscheinung: 12.03.2026 | Topic Unauthorised business, Consumer protection Mjolnex: BaFin warns against offers on website mjolnex-ltd(.)com

The Federal Financial Supervisory Authority BaFin warns against offers on the website mjolnex-ltd(.)com. According to information available to BaFin, the company Mjolnex, allegedly based in Frankfurt, is offering financial or investment services and crypto asset services without the required authorisation.

Anyone conducting banking business or providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the required authorisation. Information on whether companies have been authorised by BaFin can be found in BaFin ’s database of companies.

The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomaerkteaufsichtsgesetz).

Please be aware:

BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

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