Blackfort Wallet has received a securities fraud warning from Germany.
As per BaFin’s June 29th warning, Blackfort Wallet is offering unregistered securities.
BaFin warns of offers from Blackfort Tech Estonia OÜ. According to their findings, the company offers banking transactions or financial and/or securities services via its website blackfort.exchange without permission.
Securities fraud in Germany is a violation of the German Banking Act.
BlackFort Wallet
is operated by persons unknown. On the corporate side of things, BlackFort Wallet is set up through the Estonian shell company Blackfort Tech Estonia OÜ.
To date Estonian authorities haven’t taken any action against Blackfort Wallet or its shell company.
🤖 Quick Answer
What is the Blackfort Wallet securities fraud warning from Germany?BaFin, the German financial regulator, issued a warning on June 29th regarding Blackfort Wallet, operated by Blackfort Tech Estonia OÜ, for offering unregistered securities and financial services without proper authorization via blackfort.exchange, violating the German Banking Act.
Who operates Blackfort Wallet?
Blackfort Wallet is operated by persons unknown and structured through Blackfort Tech Estonia OÜ, an Estonian shell company. The actual ownership and management structure remain undisclosed to regulatory authorities.
What actions have Estonian authorities taken against Blackfort Wallet?
To date, Estonian authorities have not initiated any regulatory action against Blackfort Wallet or its parent shell company Blackfort Tech Estonia OÜ, despite the German BaFin warning and violations identified.
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