BitradeX
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anchored·5qoNbr…wXoKSummary
BitradeX (operating primarily at bitradex.ai and previously bitradex.com) is an alleged MLM-structured cryptocurrency trading platform that markets AI-powered trading bots promising annualised returns of 109.5%–182.5%. Launched in early 2025 and promoted via French footballer Olivier Giroud as global brand ambassador from June 2025, the platform has received formal investor warnings from three regulators — Thailand's SEC (February 2026), Securities Commission Malaysia (March 2026), and the Alberta Securities Commission (April 2026) — each citing lack of registration or authorisation. BehindMLM and other analyst sources characterise the scheme as a Ponzi and pyramid hybrid with no retail product, Chinese-origin ownership obscured behind a UK-registered shell, and a pattern of withdrawal blocks consistent with schemes in terminal decline. As of August 2026, the platform reportedly ceased withdrawals and deployed an exit-scam narrative.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(12 events)
29 December 2022
UK Financial Conduct Authority issues warning against 'BIT-TRADEX' operating at bit-tradex.org, a similarly named but distinct domain entity. The FCA states the firm may be providing unauthorised financial services in the UK.
FCA Warning: BIT-TRADEXFebruary 2025
BitradeX launches at bitradex.com. Platform offers AI Bot trading products with daily and weekly return schedules.
BehindMLM: BitradeX Review18 March 2025
Bitradex Fintech Limited incorporated at Companies House (UK) as a private limited company. Sole director and 75%+ shareholder listed as Kesavan Kamaraj, resident in Tamil Nadu, India.
Companies House — BITRADEX FINTECH LIMITED12 June 2025
BitradeX announces French international footballer Olivier Giroud as Global Brand Ambassador. Giroud confirms via X. Press release distributed via PR Newswire.
PR Newswire: Giroud / BitradeX announcementNovember 2025
Wayback Machine captures bitradeX website defaulting to Chinese language, suggesting Chinese-origin operational team. Apple App Store developer name listed in Chinese characters ('辉 陈').
BehindMLM: BitradeX Review31 December 2025
bitradex.com original domain reportedly frozen by registrar due to fraud concerns. Platform migrates to bitradex.ai.
BehindMLM: BitradeX Review9 January 2026
BitradeX migrates to bitradex.ai as primary domain. Platform has approximately 646,000 monthly website visits; top traffic sources are Japan (23%) and Brazil (13%).
BehindMLM: BitradeX ReviewFebruary 2026
Thailand Securities and Exchange Commission issues a securities fraud warning designating BitradeX an 'unlicensed digital asset business,' citing bitradex.ai, its Google Play app (then at over 50,000 downloads), and a Thai Facebook profile.
BehindMLM: BitradeX securities fraud warning from Thailand16 March 2026
Securities Commission Malaysia adds BitradeX to its Investor Alert List, advising the public not to invest with the platform.
SC Malaysia Investor Alert List (16 March 2026)16 April 2026
Alberta Securities Commission adds BitradeX (bitradex.ai) to its Investment Caution List, stating it is not registered to trade in or advise on securities or derivatives in Alberta.
ASC Investment Caution List — BitradeX9 August 2026
BitradeX allegedly begins disabling withdrawals platform-wide. Platform reportedly issues messaging attributing the shutdown to a hack. BehindMLM characterises this as an exit-scam narrative. No law enforcement confirmation as of this investigation date.
BehindMLM: BitradeX Review (updated)Decision Log
- slot 445607523 · hash G1oHRR3sqLsjAAKYFhN2YT42e3nGsLYNXeRdWDs7o6BK
- slot 443514926 · hash 4joqkir1XCdffvg6PJjSF7YL7kxvSSW8jXgo1BJTAMrm
- slot 443514924 · hash AcrRqVjHXXaPsADhneY1niJ2ZT9JUhGq4GCioYxwsuQm
- slot 443507668 · hash HDc7XiY3nZmrfGtBmMbncLq1jdm7Akvrt7AtE3Y46jtk
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 12 of 15 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/14/2026, 11:12:21 PM
last updated: 8/25/2026, 1:56:06 PM
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