Invites circulating for DeoBank WeFi (wefi.co) sound like a fintech launch night: cards, on-chain accounts, “mine without hardware”, yields talked up toward high teens, and a heavy ask to bring friends who want “new financial opportunities”. The site’s own materials lean on affiliate rewards, Energy referral tiers and ITO-style units. That is network marketing language with a banking paint job.
WeFi’s documentation has described the firm as technology infrastructure rather than a licensed deposit-taking bank, with regulated pieces said to sit with partners. Germany’s Federal Financial Supervisory Authority (BaFin) has separately warned that wefi.co was used to offer banking and crypto-asset services without the required authorisation, named several offshore entities behind the site, and noted outreach via messaging apps and video calls — including talk of a German banking licence that BaFin says has not been granted or even applied for.
So the quick check is boring and useful. Read BaFin’s consumer notice on wefi.co. Ignore “DeoBank” as a synonym for a supervised bank. Treat paid mining units, locked airdrops and multi-level referral boosts as speculative token economics, not a savings product. Ask which legal entity would hold your contract, what locks apply, and how withdrawals work in writing. If the pitch needs your address book more than a licence number you can verify, leave the call.
Start at Get help for reporting routes. If anyone later sells a guaranteed clawback, read Fake recovery first.
This article is for general information only. It is not legal or financial advice. Details change. If you have lost money, contact your bank or card issuer and use the routes on the help pages.