BitPay Mining has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC).

ASIC added BitPay Mining to its Investor Alert List on September 9th, 2025.

[BitPay Mining] may be offering or advertising, or may have offered or advertised, financial services to Australian consumers.

It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee.

Offering unregistered financial services to Australian consumers constitutes securities fraud.

BitPay Mining is a “click a button” app Ponzi run by Chinese scammers. ASIC cites BitPay Mining’s website as “bit185.3wbt.com”, the private registration for which was last updated on September 27th, 2025.

Several other associated domains were documented in BehindMLM’s BitPay Mining review (June 2025).