UbitEx fails to provide verifiable ownership or executive information on its website.

UbitEx operates from two known website domains:

  1. ubitex.com – first registered in 2003, private registration was last updated on July 17th, 2024
  2. ubit.press – privately registered on March 28th, 2024

On its .COM website and social media accounts, UbitEx presents “Alex Sandro” as its CEO:

Mr. Alex Sandro shares his insights on the current state of the cryptocurrency market and how Ubitex is positioned to meet the needs of modern traders.

You’ll get a glimpse into his vision for creating a user-friendly and secure trading environment that fosters innovation and growth.

Alex Sandro doesn’t exist outside of UbitEx’s marketing. That’s because he’s played by an actor based out of Bali, Indonesia.

Unfortunately I don’t have a name. It appears prior to signing on to play UbitEx’s fictional CEO the actor deleted their Bali Model Agency profile.

Nonetheless, here’s “Alex Sandro” modeling clothes for an Indonesian retailer:

As to who’s actually running UbitEx, Chinese features heavily in UbitEx’s marketing.

This strongly suggests whoever is running UbitEx has ties to China.

As of September 2024, SimilarWeb tracked top sources of traffic to UbitEx’s website as Taiwan (11%), Indonesia (6%), Singapore (6%) and Israel (4%).

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.

UbitEx’s Products

UbitEx has no retailable products or services.

Affiliates are only able to market UbitEx affiliate membership itself.

UbitEx’s Compensation Plan

UbitEx affiliates invest 100 or more tether (USDT). Invested USDT is then converted into either STUB (aka UB), an internal shitcoin UbitEx creates on demand.

Once acquired, STUB is “staked” with UbitEx on the promise of a passive return:

  • invest for 3 days and receive 0.2% a day
  • invest for 30 days and receive 0.3% a day
  • invest for 90 days and receive 0.4% a day
  • invest for 180 days and receive 0.5% a day

The MLM side of UbitEx pays on recruitment of affiliate investors.

UbitEx Affiliate Ranks

There are six affiliate ranks within UbitEx’s compensation plan.

Along with their respective qualification criteria, they are as follows:

  • VIP0 – sign up as a UbitEx affiliate and invest at least 100 USDT
  • VIP1 – recruit five affiliates and generate at least 50,000 USDT in total downline investment volume
  • VIP2 – have one VIP1 in two recruitment legs and generate 150,000 USDT in total downline investment volume
  • VIP3 – have one VIP2 in two recruitment legs and generate 500,000 USDT in total downline investment volume
  • VIP4 – have one VIP3 in two recruitment legs and generate 2,000,000 USDT in total downline investment volume
  • VIP5 – have one VIP4 in two recruitment legs and generate 6,000,000 USDT in total downline investment volume

ROI Match

UbitEx pays a ROI Match on daily returns paid down two levels of recruitment (unilevel):

  • a 15% match is paid on level 1 (personally recruited affiliates
  • a 10% match is paid on level 2

Rank ROI Match

UbitEx pays a rank-based ROI match on downline earnings:

  • VIP1 ranked affiliates earn a 20% ROI match
  • VIP2 ranked affiliates earn a 30% ROI match
  • VIP3 ranked affiliates earn a 40% ROI match
  • VIP4 ranked affiliates earn a 50% ROI match
  • VIP5 ranked affiliates earn a 60% ROI match

Note that if a downline affiliate is at the same rank, the Rank ROI Match stays or is reduced to 20%.

Joining UbitEx

UbitEx affiliate membership is free.

Full participation in the attached income opportunity requires a minimum 100 USDT investment.

UbitEX Conclusion

UbitEx represents it generates external revenue via “AI-driven crypto trading”.

No verifiable evidence of UbitEx generating external revenue of any kind is provided.

On the regulatory front UbitEx offers up this baloney:

Putting aside no evidence of UbitEx acquiring any of the above registrations is provided, UbitEx attempts to dupe investors by feigning regulatory compliance when there isn’t any.

An MSB or AUSTRAC registration is not the same as registering with financial regulators. In order to operate legally, UbitEx needs to be registered with financial regulators.

In Taiwan this would be the Financial Supervisory Commission. In Indonesia it’s the Indonesian Financial Services Authority (OJK). In Singapore it’s the Monetary Authority of Singapore and so on.

Registering with financial regulators requires UbitEx to periodically file audited financial reports. This is not only a legal requirement, it’s the only way to verify UbitEx is generating trading revenue to pay withdrawals.

As it stands, the only verifiable source of revenue entering UbitEx is new investment.

Using new investment to pay ROI withdrawals would make UbitEx a Ponzi scheme. This goes hand-in-hand with UbitEx committing verifiable securities fraud.

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve UbitEx of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.