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Brief
"On March 6, 2025, the Federal Financial Supervisory Authority (BaFin) issued a warning about Profit Phantom and its website profitphantom.io, which has since been deactivated. The operators now use profitphantom.org to offer financial, investment, and cryptoasset services without BaFin authorisation." "BaFin suspects the unknown operators of violating German laws, specifically section 37 (4) of the KWG and section 10 (7) of the Kryptomärkteaufsichtsgesetz."
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