Top Italian financial regulator CONSOB has issued a cease and desist against Eagle Bit Trade.

Eagle Bit Trade surfaced earlier this year and promotes an 8.5% weekly ROI through cryptocurrency trading.

Naturally the company provides no evidence of trading taking place, nor does Eagle Bit Trade have any other verifiable source of external ROI revenue.

BehindMLM reviewed Eagle Bit Trade in April and concluded it was yet another MLM cryptocurrency Ponzi scheme.

A visit to the Eagle Bit Trade reveals the company’s website is “disconnected”, suggesting the scheme has already collapsed.

Nonetheless, CONSOB, advise the offer of Eagle Bit Trading’s “trading packages” is illegal in Italy as of November 14th (resolution: 20695).

CONSOB’s cease and desist was issued through the National Commission for Companies and the Stock Exchange.

The cease and desist was accompanied by a warning, published to CONSOB’s website on November 19th.


Update 20th January 2024 – Eagle Bit Trade has rebooted.