BaFin Warns Consumers About MORRISONBOOST Services on WhatsApp

BaFin News & Warnings

Published March 23rd, 2026

Detected March 23rd, 2026

Summary

BaFin has issued a warning to consumers regarding unauthorized financial services offered through WhatsApp groups by MORRISONBOOST. The platform allegedly encourages trading in financial instruments without the required authorization from BaFin, raising concerns about potential banking and financial service violations.

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What changed

BaFin, the German Federal Financial Supervisory Authority, has issued a warning concerning the unauthorized financial services being promoted through WhatsApp groups by an entity named MORRISONBOOST. The warning highlights that operators are encouraging consumers to use the MORRISONBOOST platform for trading financial instruments, suspecting them of conducting banking business and/or offering financial services without BaFin authorization. Several associated websites and apps have been identified, and BaFin emphasizes that such services require explicit authorization in Germany.

Consumers are advised to exercise extreme caution when investing online and to verify if companies possess the necessary authorization through BaFin's database. This warning serves to alert the public to potential fraud and unauthorized operations within the financial services sector, emphasizing the importance of due diligence before engaging with online investment platforms. BaFin issues this warning under Section 37 (4) of the German Banking Act (KWG).

What to do next

Verify authorization of financial service providers through BaFin's database before engaging.
Exercise extreme caution with online investment opportunities promoted via social media.
Report suspected unauthorized financial activities to BaFin.

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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