Warning: crss.finance Fraudulent Website Impersonating Ceres Finance
Summary
BaFin issued a consumer warning about the website crss.finance, which is offering banking, financial, and cryptoasset services in Germany without the required BaFin authorization. The operators falsely claim to be a British company called "Ceres Finance Limited," which BaFin confirms does not exist or is not connected to this operation—this constitutes identity fraud. The warning was issued under section 37(4) of the German Banking Act (KWG) and section 10(7) of the German Cryptomarkets Supervision Act (KAG).
What changed
BaFin warns consumers that the website crss.finance is operating without authorization, offering banking, financial, and cryptoasset services in Germany in violation of the Kreditwesengesetz (KWG) and Kryptomärkteaufsichtsgesetz (KAG). The operators are using the identity of "Ceres Finance Limited" without authorization, which BaFin has confirmed is not connected to any supervised entity. This is a case of identity fraud targeting German consumers.
Consumers who have engaged with crss.finance should cease all transactions immediately and report the matter to BaFin. Consumers are advised to verify whether any financial services provider is authorized by BaFin using the BaFin company database before making any investment. This warning serves as an informational notice—there is no specific compliance deadline as it does not impose new obligations on regulated entities.
What to do next
- Advise consumers to cease all transactions with crss.finance immediately
- Direct consumers to verify financial service providers via BaFin's company database before engaging
- Report any suspected contact with or losses from crss.finance to BaFin's whistleblower contact point
Archived snapshot
Apr 2, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Erscheinung: 02.04.2026 | Topic Unauthorised business, Consumer protection crss(.)finance: BaFin warns consumers about website and identity fraud
The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website crss(.)finance. According to information available to BaFin, the operators are offering financial and cryptoasset services on the website without the required authorisation. The unknown operators of the website claim to be a British company called “Ceres Finance Limited”. It is not supervised by BaFin. This is a case of identity fraud. BaFin has no information regarding the British company Ceres Finance Limited.
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) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomärkteaufsichtsgesetz).
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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