Cryptex has received another securities fraud warning from Germany’s BaFin.

As per BaFin’s August 14th Cryptex warning;

The financial supervisory authority BaFin is warning against offers on the websites cryptex-vip(.)com and cryptex(.)to.

The unknown operators offer cryptocurrency services without a license via these websites.

Specifically, they offer DeFi staking. Staking refers to the deposit of crypto assets with third parties in exchange for additional crypto assets.

Bafin’s first Cryptex warning was issued last month and cited the domain “cryptex-vip.com”. BaFin’s second warning cites Cryptex’s primary .TO website domain.

Cryptex is an MLM crypto Ponzi that is believed to have ties to Europe. This is based one early targeting of Germany and Austria.

Anyone offering banking, financial, securities, or crypto-asset services in Germany requires a permit or authorization from BaFin.

However, some companies offer such services without the required permit or authorization.

Cryptex offering unregistered securities is a violation of German financial law and constitutes securities fraud.

In addition to Germany, Austria issued a Cryptex fraud warning in April 2025.

As of July 2025, Cryptex’s website traffic is holding at around 307,000 monthly visits.

As tracked by SimilarWeb, top sources of Cryptex website traffic are currently the US (31%), Germany (12%), Cote d’Ivoire (12%), Switzerland (11%) and Hungary (6%).

Cryptex recruitment in Australia and France appears to have collapsed, with new suckers in Cote d’Ivoire and Hungary taking their place.