BaFin warns euramcoassets.ltd misuses identity of Aschheim-based EURAMCO Group
BaFin says euramcoassets.ltd is suspected of offering crypto-asset services without authorisation and is misusing the identity of the genuine EURAMCO Group, which has no connection to the site.
- First reported
- Reports
- 1
Source: bafin.de · published
What happened
On October 15, 2026, Germany's financial regulator BaFin warned about offers on the website euramcoassets.ltd. BaFin says it suspects the unknown operators are providing crypto-asset services without authorisation.
Contrary to the operators' claims, BaFin says there is no connection with the EURAMCO Group based in Aschheim, Germany, and describes the website as a case of identity misuse. The genuine EURAMCO Group has no connection with euramcoassets.ltd or the services offered there; its name is being impersonated. BaFin's notice is issued under section 10(7) of the German Crypto Markets Supervision Act (KMAG).
How the scam works
BaFin's notice is short and does not describe how the site approaches investors. Alongside the warning, BaFin, the Federal Criminal Police Office and the state criminal police offices warn generally about online financial fraud and urge people to be extremely careful and research thoroughly before investing money online.
In identity-misuse cases like this one, operators borrow the name of a real, established company so that a quick online search turns up a genuine business and makes the offer look trustworthy. The domain, however, is not the real company's.
Note: this section describes the general pattern; the BaFin notice itself only states the suspected unauthorised crypto-asset services and the identity misuse.
Source
BaFin, "euramcoassets.ltd: BaFin warnt vor Website und weist auf Identitätsmissbrauch hin" (October 15, 2026).
Red flags
- A crypto-asset or investment site using the name of a real company on a domain that company doesn't use.
- An offer you can't find in BaFin's company database.
- Pressure to invest quickly online.
If you were targeted
- 1Don't invest through the site or send it money or ID documents.
- 2Check whether a firm is authorised in BaFin's company database before investing.
- 3If you have already paid, contact your bank immediately and report it to the police.
- 4If a firm's name seems to be misused, contact the genuine firm through contact details you find yourself.