UbitEx was an MLM crypto Ponzi scheme that launched in mid 2024.
The rip-off was headed up by CEO “Alex Sandro”, an underwear mannequin believed to be dwelling in Indonesia.
UbitEx associates invested cryptocurrency into UB. By a “staking” Ponzi mannequin, UbitEX recycled invested funds to pay returns.
UbitEx collapsed in late 2024. On December 2024 the area “ubx.one” was privately registered.
Shortly after Ubitex was rebooted as UBX:
Not surprisingly, Ubitex’s Boris CEO Alex Sandro is gone. On January 14th, 2025, UBX uploaded its first advertising video to its newly created YouTube channel.
The video is a webinar hosted by somebody with, if I’m not mistaken, a Singaporean accent. This ties into UbitEx being run by Chinese language scammers:
Of word is France’s AMF including Ubitex to its fraud blacklist on February thirteenth, 2025.
As of February 2025, SimilarWeb tracked the vast majority of UBX web site visitors from the US (43%), France (36%) and the UK (22%). This visitors is prone to primarily be victims of UbitEX.
As at all times, if an MLM firm isn’t overtly upfront about who’s operating or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
UBX’s Merchandise
UBX has no retailable services or products.
Associates are solely in a position to market UBX affiliate membership itself.
UBX’s Compensation Plan
UBX associates make investments 100 to 50,000 tether (USDT). That is accomplished on the promise of marketed returns:
- make investments for 7 days and obtain a 0.4% day by day ROI, paid in UBX
- make investments for 30 days and obtain a 0.7% day by day ROI, paid in UBC
- make investments for 90 days and obtain a 1% day by day ROI, paid in UBC
- make investments for 180 days and obtain a 0.9% ROI (not a typo), paid in UBC
- make investments for twelve months and obtain a 1% day by day ROI, paid in UBC
UBX and UBC consult with inner shitcoins UBX creates on demand.
The MLM aspect of UBX pays on recruitment of affiliate traders.
Referral Commissions
UBX pays referral commissions on invested USDT down two ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 10%
- degree 2 – 5%
Matching Bonus
UBX pays an unspecified Matching Bonus on returns paid to downline associates.
To qualify for the Matching Bonus, UBX associates should:
- make investments 30,000 USDT and
- personally recruit and preserve 5 associates with an lively funding
Becoming a member of UBX
UBX affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal 100 USDT funding.
UBX Conclusion
UBX is a continuation of the funding fraud began with UbitEX.
UBX presents itself as a crypto trade. Past that UBX’s web site is filled with absolute baloney;
UBX is an AI+blockchain built-in funding platform headquartered in Wall Avenue, New York.
It’s dedicated to reshaping the worldwide monetary market and creating a brand new era of clever monetary expertise ecology by means of superior monetary massive language fashions (FinGPT) and blockchain expertise.
UBX acquired a joint funding of US$50 million from BlackRock and Nasdaq-listed Foresight Group.
The platform focuses on AI-driven monetary providers, market insights, quantitative buying and selling and asset safety, and offers environment friendly, clear and safe monetary providers to world customers by means of GPU computing assist.
The platform plans to be listed on Nasdaq in 2026 , offering progressive, environment friendly, and safe monetary providers to world customers, and main the world into a brand new period of clever and decentralized finance.
Like UbitEX, all UBX does is recycle newly invested funds to pay present traders.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve UBX of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, the vast majority of contributors lose cash.
UbitEX losses had been realized when associates had been left bagholding its UB shitcoin. UB introduces UBX and UBD – each of which can turn into immediately nugatory when UBX collapses.