Attention! Cease and desist order against BitMax and warning against fund recovery fraud!
The German regulator ordered Tillga Ltd, registered in the Commonwealth of Dominica, to immediately cease its unauthorized portfolio management activities on its crypto trading platform BitMax a/k/a BitMaxOnline (www.bitmaxonline.com). The regulator found that German customers can open trading accounts on the BitMax platform and use them for trading in cryptos. Employees of the platform make investment decisions for their customers on their own authority. The regulator warned against fund recovery fraud in the BitMax environment.