BaFin Warns Consumers About MORRISONBOOST Services

BaFin News

Published March 23rd, 2026

Detected March 23rd, 2026

Summary

BaFin has issued a warning to consumers regarding services offered by MORRISONBOOST through WhatsApp groups. The platform allegedly encourages trading in financial instruments without the required authorization, and BaFin suspects the operators are conducting unauthorized banking and financial services business.

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What changed

The Federal Financial Supervisory Authority (BaFin) has issued a warning concerning the MORRISONBOOST platform, which is being promoted through WhatsApp groups. BaFin suspects that the operators of MORRISONBOOST are conducting banking business and/or offering financial services without the necessary authorization from BaFin, and are therefore not supervised. The warning lists several associated websites and apps, including morrison1(.)top, EQHTYN, and Ultrapex-Pro.

Consumers are advised to exercise extreme caution when investing online and to verify if a company has been authorized by BaFin using its company database. This warning is issued under section 37 (4) of the German Banking Act (KWG). BaFin, in conjunction with law enforcement agencies, recommends thorough research to identify potential fraud attempts.

What to do next

Verify MORRISONBOOST and associated websites/apps are not authorized by BaFin.
Advise consumers to exercise extreme caution with online investment platforms.
Consult BaFin's company database to confirm authorization status of financial service providers.

Source document (simplified)

Erscheinung: 23.03.2026 | Topic Unauthorised business, Consumer protection MORRISONBOOST: BaFin warns consumers about services offered in WhatsApp groups

The Federal Financial Supervisory Authority (BaFin) warns consumers about WhatsApp groups directing consumers to the MORRISONBOOST platform. In these WhatsApp groups, consumers are encouraged to use the MORRISONBOOST platform to trade in financial instruments. BaFin suspects the unknown operators of conducting banking business and/or offering consumers financial services without the required authorisation. The operators are not supervised by BaFin.

To date, BaFin has become aware of the following websites and apps in this regard:

morrison1(.)top
EQHTYN
Visionvast-Token
COEXHJSKL
Sndgmatup
Kuadgnjg
HechosaTop
Nvlmns-ex
TradeLog
Ultrapex-Pro
WFKTCZ Banking business, financial services and cryptoasset services may only be offered in Germany with authorisation from BaFin. However, some companies offer these services without the required 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).

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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