Passivo is under regulatory investigation by BaFin, Germany’s top financial regulator.

As per an August 9th fraud warning, BaFin advises that Passivo is offering

banking and financial services without permission.

Specifically, it offers the management of customer assets in crypto assets.

This is the equivalent of a securities fraud warning in other jurisdictions.

In light of Passivo commiting securities fraud in Germany, BaFin advises it is under investigation.

Passivo is a Dubai-based MLM crypto Ponzi headed up by German national Jan Lubberding.

In an attempt to hide its connection to Dubai, Passivo pretends it is based out of Seychelles.


Update 23rd November 2023 – Passivo has collapsed.