Tuesday, April 8, 2025

German BaFin Warns Against Crypto Fraud Scheme SkySailBit!

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BaFin clarifies that Skysailbit Inc., operator of the website skysailbit.com, does not have a license to provide financial, securities or payment services. The operator is not supervised by BaFin. SkySailBit gives an address in Munich and falsely claims to be registered in the commercial register and to be licensed by BaFin. The documents used in this context are forgeries. Stay far away; this seems to be just another fraud scheme!

Key Data

Trading nameSkySailBit
ActivityCrypto investment scheme
Domainhttps://skysailbit.com
Legal entitySkysailbit Inc.
Jurisdictionnot disclosed
AuthorizationNo
Contact data+49 15124416296
Payment optionsCredit/debit card, crypto
FacilitatorsResona Bank, Ltd, SBI Sumishin Net Bank, Ltd
GMO Aozora Net Bank Ltd, ORIX Bank Corporation
WarningsBaFin

Short Narrative

The SkySailBit scheme offers various products. Among them are three different investment plans that offer a return of 10% within 7 days from a minimum deposit of $10,000. The website names Resona Bank Ltd, SBI Sumishin Net Bank Ltd, GMO Aozora Net Bank Ltd, and or ORIX Bank Corporation as the partners for money transactions.

SkyBailBit is very obviously a crypto fraud scheme. BaFin also sees it that way. Stay far away, protect your money, financial health and data.

Report Scammers

If you have any information about SkySailBit, its operators, and its facilitators, please let us know via our whistleblower system, Whistle42.