UbitEx has acquired a securities fraud warning from France’s Autorite des Marches Financiers (AMF).
As per the AMF’s February thirteenth, 2025 warning, Ubitex is “blacklisted by the AMF as a result of it affords monetary companies or merchandise with out being licensed”.
Providing securities with out registration is against the law underneath French regulation. Doing so constitutes securities fraud.
UbitEx was an MLM crypto Ponzi scheme that launched in mid 2024.
The rip-off was headed up by CEO “Alex Sandro”, performed by an underwear mannequin dwelling in Indonesia.
Ubitex advertising instructed Chinese language scammers have been behind the scheme.
Someday after launch UbitEx collapsed. At time of publication each of UbitEx’s web site domains have been disabled.