BaFin blacklists Crypto Code and Bitcoin TradeRobot

The German financial regulator BaFin has warned people about two crypto scams.

The regulator noticed that Crypto Code and Bitcoin TradeRobot are investment services that are not regulated, therefore illegal in Germany.

We have already warned against these scams some time ago, they are not even investment services, they just steal money in cooperation with shady brokers.

They promise unrealistic returns, but in reality they just take deposits and never give anything back. There are hundreds of scams of this kind.

For trading use regulated brokers only.