Cryptex has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC).
ASIC
added Cryptex to its Investor Alert List
on September 19th, 2025.
[Cryptex] may be offering or advertising, or may have offered or advertised, financial services to Australian consumers.
It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee.
Offering unregistered financial services to Australian consumers constitutes securities fraud.
Cryptex
is an MLM crypto Ponzi that is believed to have ties to Europe. This is based on early targeting of Germany and Austria.
In addition to Australia, Germany (
July 2025
and
August 2025
) and
Austria
have also issued Cryptex fraud warnings.
As of August 2025, SimilarWeb was tracking ~312,000 monthly visits to Cryptex’s website.
Top sources of Cryptex website traffic are currently the US (35%), Switzerland (11%), Cote d’Ivoire (10%), Canada (8%) and Germany (7%).
🤖 Quick Answer
What is the Cryptex securities fraud warning from Australia?The Australian Securities and Investments Commission (ASIC) added Cryptex to its Investor Alert List on September 19, 2025, warning that Cryptex may be offering financial services to Australian consumers without holding an Australian financial services licence or credit licence, constituting securities fraud under Australian law.
Why was Cryptex flagged by ASIC?
Cryptex does not hold an Australian financial services licence or Australian credit licence and is not authorised by any licensee. ASIC determined that Cryptex may be offering or advertising unregistered financial services to Australian consumers, which violates Australian securities regulations and constitutes fraud.
Which countries have issued fraud warnings against Cryptex?
As of September 2025, three countries have issued fraud warnings against Cryptex. Germany issued warnings in July 2025 and August 2025,
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