BaFin Warns Consumers About Unauthorized Website gfi-hold(.)com

BaFin News & Warnings

Published March 17th, 2026

Detected March 20th, 2026

Summary

BaFin, the German financial supervisory authority, has issued a warning to consumers regarding the website gfi-hold(.)com. The website is allegedly offering financial, investment, and cryptoasset services without the required authorization from BaFin, constituting an unauthorized business operation.

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What changed

The Federal Financial Supervisory Authority (BaFin) has issued a consumer warning concerning the website gfi-hold(.)com, operated by entities claiming to be GFI Holdings Limited or Olympus Capital Limited. BaFin has received information indicating that these entities are offering financial, investment, and cryptoasset services without the necessary authorization required to operate in Germany.

This warning serves to alert consumers to potential fraud and emphasizes that any entity providing such services in Germany must obtain authorization from BaFin. Consumers are advised to exercise extreme caution when investing online and to verify a company's authorization status through BaFin's database. The warning is issued under sections 37(4) of the German Banking Act (KWG) and 10(7) of the German Cryptomarkets Supervision Act (KMAG).

What to do next

Verify authorization status of financial service providers through BaFin's database before engaging services.
Exercise extreme caution with online investment platforms.

Source document (simplified)

Erscheinung: 20.03.2026 | Topic Unauthorised business, Consumer protection BaFin warns consumers about the website gfi-hold(.)com

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website gfi-hold(.)com. BaFin has information that this website is being used to offer financial, investment and cryptoasset services without the required authorisation.

The operators of the website refer to themselves as GFI Holdings Limited. They claim to be based in London, United Kingdom. The website olylim(.)com is almost identical, although it has no German‑language version; the operators of this website refer to themselves as Olympus Capital Limited and also claim to be based in London, United Kingdom.

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 granted authorisation by BaFin can be found in BaFin ’s database of companies.

BaFin is issuing this warning 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).

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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