BitradeX
Summary
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 entities · 10 linked investigations- + 2 more
Timeline(12 events)
2022-12-29
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-TRADEX2025-02-01
BitradeX launches at bitradex.com. Platform offers AI Bot trading products with daily and weekly return schedules.
BehindMLM: BitradeX Review2025-03-18
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 LIMITED2025-06-12
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 announcement2025-11-01
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 Review2025-12-31
bitradex.com original domain reportedly frozen by registrar due to fraud concerns. Platform migrates to bitradex.ai.
BehindMLM: BitradeX Review2026-01-09
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 Review2026-02-01
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 Thailand2026-03-16
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)2026-04-16
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 — BitradeX2026-08-09
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
- #1publish⛓ pending8/14/2026, 11:12:41 PMhash: HDc7XiY3nZmrfGtBmMbncLq1jdm7Akvrt7AtE3Y46jtk
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: 8/15/2026, 8:33:51 PM
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