Cryptex has received a securities fraud warning from Austria’s Financial Market Authority (FMA).

As per the FMA’s April 12th, 2025 Cryptex warning;

[Cryptex] does not have an authorisation for distribution of units in the Socialswap-Staking-Pool in Austria, which is classified as an alternative investment fund (AIF) under the Alternative Investment Fund Manager Act (AIFMG; Alternative Investmentfonds Manager-Gesetz).

Failing to register investment services in Austria constitutes securities fraud.

Cryptex is an MLM crypto Ponzi that, upon launching, heavily targeted Germany.

As of March 2024, SimilarWeb tracked top sources of Cryptex website traffic as Hungary (31%), Germany (16%) and Switzerland (16%).

AMF notes Cryptex’s has a registered office in Malaysia. It’s unclear where this claim is sourced from.