Tag: Cake

Scandal in Shopping Paradise: myWorld’s Meltdown Exposes the Lyoness Pyramid Echoes and Crypto Shadows

Bankruptcies tamir - August 6, 2025

Once again, the shimmering dream of easy cashback rewards lies in ruins. The infamously controversial Austrian holding company, myWorld International AG—the latest incarnation behind a global web of loyalty and “benefit” platforms—has filed for bankruptcy in Graz, sending shockwaves through thousands of retail partners, small investors, and, of course, an army of loyal recruiters.

Attention! BaFin investigates Cake DeFi of former MLM artist Julian Hosp!

BaFin Charlene Lensburg - January 8, 2022

The crypto platform Cake Defi (www.cakedefi.com), founded in June 2019, is backed by well-known Austrian entrepreneur, blockchain expert, and former MLM artist Julian Hosp. Cake Defi provides access to a wide range of decentralized financial services, or short "DeFi," enabling customers to generate returns from their crypto and digital assets. However, BaFin has determined that the company may be conducting unauthorized banking business or financial services in Germany.

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