Overview
- Authorities in Mittelfranken report several hundred thousand euros in losses tied to recent phishing, smishing and phone scams against Trade Republic customers.
- Police in Oberbayern Nord say related cases around Ingolstadt have produced about €50,000 in known damages so far.
- Trade Republic tells customers it only sends one‑time SMS login codes and will never ask them to call numbers, click links or move assets to a ‘safe wallet.’
- Investigations are underway at the Mittelfranken criminal police in coordination with the public prosecutor’s office, with additional cases noted by Ingolstadt police.
- Consumer protection groups flag phishing emails with subjects like “Trade Republic: Bestätigung ihres Kontos notwendig,” and police urge users not to share PINs or TANs and to log in only via official channels.