BaFin Warns Against MEX Exchange and MultiBank Group Offers

BaFin News

Published March 11th, 2026

Detected March 11th, 2026

Summary

BaFin, Germany's financial regulator, has issued a warning against MEX Exchange and MultiBank Group for offering financial, investment, and crypto asset services without authorization. The entities falsely claim to be regulated by BaFin, operating on the website mexassetexchange(.)com.

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What changed

The German Federal Financial Supervisory Authority (BaFin) has issued a public warning against MEX Exchange and MultiBank Group for allegedly providing financial, investment, and crypto asset services without the necessary authorization. BaFin states that the operator, MEX Eychange, falsely claims to be regulated and operates from the website mexassetexchange(.)com. This action is based on BaFin's findings that the entities are operating without authorization, which is a requirement for offering such services in Germany under the German Banking Act and the German Cryptomarkets Supervision Act.

This warning serves to alert consumers and potential investors to the unauthorized nature of the offers. BaFin advises extreme caution when investing online and recommends checking their company database for authorized firms. While this is a warning and not an enforcement action with specific penalties detailed in this notice, operating without authorization can lead to significant regulatory action. Consumers are urged to conduct thorough due diligence before engaging with online investment platforms.

What to do next

Review BaFin's company database before engaging with any financial service provider.
Exercise extreme caution with online investment offers, especially those claiming BaFin regulation without verification.
Report suspected unauthorized financial services to BaFin's whistleblower contact point.

Source document (simplified)

Erscheinung: 11.03.2026 | Topic Unauthorised business, Consumer protection MEX Exchange and MultiBank Group: BaFin warns against offers on the website mexassetexchange(.)com

The Federal Financial Supervisory Authority BaFin warns against offers on the website mexassetexchange(.)com. According to information available to BaFin, the operator MEX Eychange, allegedly based in Eschborn, Germany, is providing financial, investment and crypto asset services without the required authorisation. The operator falsely claims to be regulated by BaFin. There is no link to an authorised investment firm from Eschborn, Germany.

Anyone offering financial, investment or crypto asset services in Germany requires authorization from BaFin. However, some companies offer such services without the necessary authorization. Information on whether a company is authorized by BaFin can be found in the company database.

The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomaerkteaufsichtsgesetz).

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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