BitradeX has received a securities fraud warning from the Thailand Securities and Exchange Commission.

In its February 2026 BitradeX securities fraud warning, the Thailand SEC classifies BitradeX as an “unlicensed digital asset business”.

In addition to citing BitradeX’s primary website “bitradex.ai” website domain, Thailand’s SEC cites BitradeX’s app on the Google Play Store;

Since BehindMLM reviewed BitradeX earlier this month, app downloads have climbed from 10,000 to over 50,000.

As well as a local Thai Bitradex FaceBook profile:

BitradeX is a Chinese MLM crypto Ponzi fronted by well-known French footballer, Olivier Giroud:

Giroud announced he’d signed on as BitradeX’s “Brand Ambassador” in June 2025;

As of January 2026, SimilarWeb was tracking ~646,000 monthly BitradeX website visits.

Top sources of BitradeX website traffic are Japan (23%), Brazil (13%), Malaysia (6%), Saudi Arabia (5%) and Italy (5%).