UbitEx.com is a cryptocurrency platform that lets users trade, buy, and handle futures trading.
It includes popular cryptocurrencies like Bitcoin, Ethereum, Solana, and Litecoin in its services.
At first glance, it seems like a modern and promising platform for crypto trading. But a closer look reveals some serious red flags that raise doubts about its legitimacy.
In this article, we’ll explain the issues and help you make an informed decision before investing your money.
What is UbitEx.com?
UbitEx.com presents itself as a one-stop shop for cryptocurrency trading and investment.
It claims to provide an easy-to-use experience for both beginners and experienced traders.
However, digging deeper reveals troubling facts about its operations and credibility.
The platform claims that its CEO, Alex Sandro, leads the company. This name is highlighted on their website, social media pages, and even YouTube.
But here’s the problem: Alex Sandro is not a real CEO. He’s actually a hired actor from Bali, Indonesia, who was known for modeling clothes.
Once his involvement with UbitEx.com became known, his profile vanished from a modeling agency’s site.
This fake CEO story casts serious doubt on whether the platform is trustworthy.
Additionally, UbitEx.com appears to be tied to individuals in China. This raises concerns about how the platform operates and whether your money would be safe.
Since the platform is based overseas, getting your funds back or holding it accountable for fraud could be very difficult.
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There are several reasons to question the trustworthiness of UbitEx.com.
First, using a fake CEO raises red flags. If a company hires an actor to pose as its leader, it’s likely trying to mislead investors.
Second, the people behind UbitEx.com have a shady past. Reports link the platform to a scam called Fintouch, which defrauded investors of $4.6 billion.
That scam promised big returns but ended in disaster. UbitEx.com might be the same scam under a new name.
Another issue is fake reviews on Trustpilot. Almost all reviews were posted in just two days, with many showing up at the same time.
Real companies usually have reviews spread out over months or years. This suspicious activity suggests the platform is trying to create a false image of trustworthiness.
The platform is also very new. It was started in 2024 and has been active for less than a year.
While new businesses can succeed, this short history makes it hard to trust UbitEx.com. Combine this with other issues, and the risk becomes even greater.
Lastly, users have reported trouble withdrawing money. Some experienced long delays, while others couldn’t withdraw certain tokens like STUB at all.
This points to either serious financial problems or a deliberate attempt to steal funds.
What to Do If You Get Scammed
If UbitEx.com—or any other platform—scams you, act quickly.
First, report the scam to your local financial authority or cybercrime unit. Save all evidence, like transaction details, emails, and screenshots, to support your case.
Second, contact your bank or payment provider right away. They might help reverse the transaction or recover your money.
Next, warn others. Share your experience on platforms like Trustpilot or crypto forums so others don’t fall into the same trap.
You can also consult a legal expert or a trusted recovery service that specializes in cryptocurrency scams. Be careful when choosing a recovery service to avoid getting scammed again.
Finally, secure your accounts. Change your passwords, enable two-factor authentication, and keep an eye out for any unusual activity.
Bytesi Trading company promotes its use of advanced algorithms to generate high returns and brags about making $81,000 worth of trading calls.
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