Bytesi Review: Quantitative trading “click a button” Ponzi
Bytesi fails to provide ownership or executive information on its website.
Bytesi operates from four known website domains:
- bytesi.cc (marketing website) – privately registered on October 3rd, 2024
- h5.bytesi.net (app) – privately registered on January 9th, 2024
- h5.bytesi.vip (app) – registered with bogus details on July 24th, 2024
- bytesi.com (app) – first registered in 2017, private registration last updated on January 11th, 2024 (domain already abandoned)
Despite only existing since January 2024 at best, on its marketing website Bytesi falsely claims it was “founded in 2017”.
Bytesi also falsely presents a Bytesi LLC Nevada shell company certificate as a “business license”. This ties into Bytesi pretending to be based out of the US.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Bytesi’s Products
Bytesi has no retailable products or services.
Affiliates are only able to market Bytesi affiliate membership itself.
Bytesi’s Compensation Plan
Bytesi affiliates invest tether (USDT). This is done on the promise of returns.
Bytesi hides specific investment tiers from the public.
Bytesi pays referral commissions on invested USDT down three levels of recruitment (unilevel):
As with its investment plans, Bytesi hides referral commission rates from the public.
Joining Bytesi
Bytesi affiliate membership is free.
Full participation in the attached income opportunity requires an undisclosed minimum investment in USDT.
Bytesi Conclusion
Bytesi is yet another “click a button” app Ponzi scheme.
Bytesi’s “click a button” Ponzi ruse is quantitative trading:
The presented ruse is Bytesi affiliates log in and click a button (the more invested the more the button needs to be clicked).
Clicking the button purportedly generates revenue via quantitative trading, which for some reason Bytesi shares a percentage of with affiliate investors.
If that makes no sense it’s because it doesn’t. Randoms clicking a button in an app doesn’t trigger quantitative trading.
In reality clicking a button inside Bytesi’s app does nothing. All Bytesi does is recycle newly invested funds to pay earlier investors.
Bytesi is part of a group of “click a button” app Ponzis that have emerged since late 2021.
Examples of already collapsed “click a button” app Ponzis using the same quantitative trading ruse include New World AI, QubitsCube and FlokiAI.
Since 2021 BehindMLM has documented hundreds of “click a button” app Ponzis. Most of them last a few weeks to a few months before collapsing.
“Click a button” app Ponzis disappear by disabling both their websites and app. This tends to happen without notice, leaving the majority of investors with a loss (inevitable Ponzi math).
As part of a collapse, “click a button” Ponzi scammers often initiate recovery scams. This sees the scammers demand investors pay a fee to access funds and/or re enable withdrawals.
If any payments are made withdrawals remain disabled or the scammers cease communication.
Organized crime interests from China operate scam factories behind “click a button” Ponzis from south-east Asian countries.
In September 2024, the US Department of Treasury sanctioned Cambodian politician Ly Yong Phat over ties to Chinese human trafficking scam factories.
Through various companies he owns, Phat is alleged to shelter Chinese scammers operating out of Cambodia.
Regardless of which country they operate from, the same group of Chinese scammers are believed to be behind the “click a button” app Ponzi plague.
Update 24th November 2024 – Bytesi appears to have collapsed. As at the time of this update Bytesi’s .NET, .VIP and .COM app websites are all offline.
Update 27th November 2024 – In what appears to be a Thanksgiving cash grab, Bytesi has rebooted its defunct domains.
If it hasn’t started already, it’s likely Bytesi will also start fleecing existing victims with a recovery scam (pay fees to recover account balances).
bytesi is not a scam my friends have withdrawed 40k USDT and bought a car with that even me myself I’m making a pretty good income and I withdrew money to binance before there’s no scam in it.
Whether you and your friends are stealing money through Bytesi is irrelevant to it being a Ponzi scheme.
You’re not “making income”, you’re stealing money through a scam.
Aaaand it’s gone.
Shoutout to the braindead shill above. Poor fuck probably just joined and was high on triple strength copium.
Review updated to note Bytesi has rebooted with a Thanksgiving cash grab.
Lol this rabih seems to be one of the guys who got into bytesi early on and is profiting from the new investors… unreal how someone can mislead people and think that it is okay. Go get a real job son.
Some of my friends have joined this link but I feel sketchy about it. Does anyone ever have a call with any of the customer service ? is there any direct landline or is it all communication by the web?
Seems like a Ponzi scheme.
Landline customer service for a “click a button” Ponzi? My guy, scroll up and actually read the review.