We warned about the crypto investment platform Passivo in early August 2023. Likewise, the German regulator BaFin has warned and launched an investigation. Unfortunately, this did not impress the Passivo operators of Passivo. We continue to receive emails every day asking us to take action. The scheme is operated by, located in Mahe, Seychelles, which does not have regulatory permission. Stay Far Away.
Earlier today, we warned against the crypto-based investment platform Passivo. After further research, our team discovered that Passivo appears connected to other fraudulent multi-level marketing (MLM) schemes such as PrivaFund or ChainXworld. UBANKXX Ltd, which is registered in Comoros and acts as a crypto payment processor registered with M.I.S.A. in Mwali, also plays a role. We would like to know more.
The German financial regulator BaFin warns against Passivo, a crypto-based investment platform that offers passive income. The operator, Passivo Ltd, located in Mahe, Seychelles, does not have permission to offer such banking services. Specifically, Passivo offers the management of crypto assets. Anyone offering banking transactions, financial, or investment services in Germany requires permission from BaFin. Stay Far Away.