Exchange Wallet fraud warnings in Austria and Germany


Regulatory warnings against Exchange Wallet have been issued in both Austria and Germany.

On January 3rd BaFin, Germany’s top financial regulator, confirmed EXW Global is not registered to offer securities in Germany.

Late last year on December 27th Austria’s Financial Market Authority (FMA) issued a similar securities fraud notice for EXW Global AG.

Exchange Wallet, which also goes by EXW Global or just EXW, launched in mid to late 2019.

BehindMLM reviewed Exchange Wallet in September. Based on its business model, we concluded it was an MLM crypto mobile app Ponzi scheme.

The FMA’s fraud warning is significant, as we believe the company is being operated from Austria.

Exchange Wallet is not registered to offer securities with any regulator. The company operates illegally worldwide.



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