BaFin Warns Consumers About Unauthorized Website gfi-hold(.)com
Summary
BaFin has issued a warning to consumers regarding the website gfi-hold(.)com, which is suspected of offering financial, investment, and cryptoasset services without the required authorization. The warning is issued under German Banking Act and Cryptomarkets Supervision Act provisions.
What changed
The Federal Financial Supervisory Authority (BaFin) has issued a consumer warning concerning the website gfi-hold(.)com. BaFin has received information indicating that this website is being used to offer financial, investment, and cryptoasset services without the necessary authorization from BaFin. The operators, who refer to themselves as GFI Holdings Limited and claim to be based in London, are operating without the required license to provide such services in Germany.
This warning serves to alert consumers to potential fraudulent activity and to advise them to exercise extreme caution when considering online investments. BaFin emphasizes that all entities providing financial, investment, or cryptoasset services in Germany must obtain authorization. Consumers can verify a company's authorization status through BaFin's public 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
- Consumers should exercise extreme caution and conduct thorough research before investing online.
- Verify any financial service provider's authorization status through BaFin's company database.
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.
Did you find this article helpful?
We appreciate your feedback Your feedback helps us to continuously improve the website and to keep it up to date. If you have any questions and would like us to contact you, please use our contact form. Please send any disclosures about actual or suspected violations of supervisory provisions to our contact point for whistleblowers.
We appreciate your feedback helpful less helpful Comment (max. 1000 characters): * Mandatory field
Navigation
Related changes
Source
Classification
Who this affects
Taxonomy
Browse Categories
Get Banking & Finance alerts
Weekly digest. AI-summarized, no noise.
Free. Unsubscribe anytime.
Get alerts for this source
We'll email you when BaFin News publishes new changes.