UbitEx was an MLM crypto Ponzi scheme that launched in mid 2024.

The scam was headed up by CEO “Alex Sandro”, an underwear model believed to be living in Indonesia.

UbitEx affiliates invested cryptocurrency into UB. Through a “staking” Ponzi model, UbitEX recycled invested funds to pay returns.

UbitEx collapsed in late 2024. On December 2024 the domain “ubx.one” was privately registered.

Shortly after Ubitex was rebooted as UBX:

Not surprisingly, Ubitex’s Boris CEO Alex Sandro is gone. On January 14th, 2025, UBX uploaded its first marketing video to its newly created YouTube channel.

The video is a webinar hosted by someone with, if I’m not mistaken, a Singaporean accent. This ties into UbitEx being run by Chinese scammers:

Of note is France’s AMF adding Ubitex to its fraud blacklist on February 13th, 2025.

As of February 2025, SimilarWeb tracked the majority of UBX website traffic from the US (43%), France (36%) and the UK (22%). This traffic is likely to primarily be victims of UbitEX.

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.

UBX’s Products

UBX has no retailable products or services.

Affiliates are only able to market UBX affiliate membership itself.

UBX’s Compensation Plan

UBX affiliates invest 100 to 50,000 tether (USDT). This is done on the promise of advertised returns:

  • invest for 7 days and receive a 0.4% daily ROI, paid in UBX
  • invest for 30 days and receive a 0.7% daily ROI, paid in UBC
  • invest for 90 days and receive a 1% daily ROI, paid in UBC
  • invest for 180 days and receive a 0.9% ROI (not a typo), paid in UBC
  • invest for 365 days and receive a 1% daily ROI, paid in UBC

UBX and UBC refer to internal shitcoins UBX creates on demand.

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

Referral Commissions

UBX pays referral commissions on invested USDT down two levels of recruitment (unilevel):

  • level 1 (personally recruited affiliates) – 10%
  • level 2 – 5%

Matching Bonus

UBX pays an unspecified Matching Bonus on returns paid to downline affiliates.

To qualify for the Matching Bonus, UBX affiliates must:

  • invest 30,000 USDT and
  • personally recruit and maintain five affiliates with an active investment

Joining UBX

UBX affiliate membership is free.

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

UBX Conclusion

UBX is a continuation of the investment fraud started with UbitEX.

UBX presents itself as a crypto exchange. Beyond that UBX’s website is full of absolute baloney;

UBX is an AI+blockchain integrated investment platform headquartered in Wall Street, New York.

It is committed to reshaping the global financial market and creating a new generation of intelligent financial technology ecology through advanced financial big language models (FinGPT) and blockchain technology.

UBX received a joint investment of US$50 million from BlackRock and Nasdaq-listed Foresight Group.

The platform focuses on AI-driven financial services, market insights, quantitative trading and asset security, and provides efficient, transparent and secure financial services to global users through GPU computing support.

The platform plans to be listed on Nasdaq in 2026 , providing innovative, efficient, and secure financial services to global users, and leading the world into a new era of intelligent and decentralized finance.

Like UbitEX, all UBX does is recycle newly invested funds to pay existing investors.

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

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

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

UbitEX losses were realized when affiliates were left bagholding its UB shitcoin. UB introduces UBX and UBD – both of which will become instantly worthless when UBX collapses.