BaFin Warns Against VYNEX Trade Offers on WhatsApp

BaFin News

Published March 12th, 2026

Detected March 12th, 2026

Summary

Germany's BaFin has issued a warning against VYNEX Trade, which is allegedly offering unauthorized financial and crypto-asset services via WhatsApp groups and the Lirunex Trading app. BaFin advises consumers to exercise extreme caution and verify authorization before investing.

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What changed

The German Federal Financial Supervisory Authority (BaFin) has issued a warning concerning VYNEX Trade, an entity suspected of providing unauthorized financial, investment, and crypto-asset services. These services are reportedly being offered through WhatsApp groups and associated platforms such as vynextrade(.)com, globalft(.)world, svype(.)app, lirunex(.)online, lirunex(.)com, and lirunex(.)network. BaFin explicitly states that these operations lack the required authorization, and there is no known connection to the legitimate Cypriot entity Lirunex Limited, suggesting potential identity fraud.

Consumers are strongly advised by BaFin, in conjunction with law enforcement agencies, to exercise utmost caution and conduct thorough due diligence before engaging in online investments. This warning highlights the critical need for individuals to verify that any entity offering financial or crypto-asset services holds the necessary authorization from BaFin, which can be checked via BaFin's public database. Failure to do so may result in significant financial losses due to investment scams.

What to do next

Verify authorization of any financial or crypto-asset service provider with BaFin's database.
Exercise extreme caution with investment offers received via social media platforms like WhatsApp.
Report suspected unauthorized financial services to BaFin.

Source document (simplified)

Erscheinung: 12.03.2026 | Topic Unauthorised business, Consumer protection VYNEX Trade: BaFin warns against offers in WhatsApp groups and against Lirunex Trading app

The Federal Financial Supervisory Authority BaFin warns against offers in WhatsApp groups, which are operated by alleged company VYNEX Trade. According to information available to BaFin, recommendations for the purchase of financial instruments and cryptocurrencies are offered in various WhatsApp groups, which can allegedly be traded via Lirunex Trading app and the following platforms:

vynextrade(.)com
globalft(.)world
svype(.)app
lirunex(.)online
lirunex(.)com
lirunex(.)network The unknown operators are providing financial, investment and crypto-asset services without the required authorisation. According to the current state of knowledge, there is no connection to the Cypriot Lirunex Limited. This is likely to be a case of identity fraud.

BaFin warns against investment scams via WhatsApp and Telegram.

Anyone conducting banking business or providing financial, investment or crypto asset services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the required authorisation. Information on whether companies have been authorised by BaFin can be found in BaFin ’s database of companies.

The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), 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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