Warning: Is Ethbitic a Scam?

Investigation: Ethbitic (ethbitic.com)

Ethbitic (ethbitic.com) has been identified as a suspected fraud broker.

Ethbitic presents itself as a investment platform, but it appears currently unlicensed by any top-tier authority.

Money Stuck in Ethbitic?

If you think you were scammed by Ethbitic, act immediately. Fill out the form below to talk to our cyber-forensics team for a no-obligation assessment.

Safety Analysis: Ethbitic

Our investigation reveals that Ethbitic lacks a valid license.

Trading with unlicensed firms is very risky. Trusted firms are always authorized with bodies like the FCA, CySEC, or CFTC to protect investors.

Ethbitic lacks this protection. As a result, there is no safety net if they keep your funds. Many investment fraud involve unregulated actors, and recovering money from them is challenging without expert assistance.

For instance, in Europe, unauthorized firms are outside the jurisdiction of the compensation schemes. In the US, they are not members of regulatory bodies, so your capital is at risk.

Common Scam Tactics

Online trading fraud is getting smarter. Criminals use psychological tricks to take your savings. Below are typical tactics seen in sites similar to Ethbitic (ethbitic.com).

The "Romance" Trap

"Pig Butchering" is a common method where scammers groom victims over months. They build a romance online. Eventually, they introduce a "lucrative" crypto opportunity. It's a trap to get you onto a scam site like Ethbitic.

Rigged Platforms

Fraudsters build websites that look exactly like legit trading apps. They have charts and balances that increase. But it is a simulation. The scammer controls the prices to make you feel rich so you invest more. If you ask for a payout, the "profits" are gone.

Red Flags

• Unsolicited Contact: You get calls from "brokers" you don't know.
• Unregulated: The firm has no authorization.
• High Returns: They guarantee 1% daily returns with no risk.
• Cannot Withdraw: They refuse withdrawals. They ask for "tax fees" before releasing funds.
• Aggressive Sales: "Account managers" pressure you to invest bigger amounts.

Do not trust positive ratings. Fraudulent brokers frequently post their own 5-star reviews to appear real.

Conclusion

Our verdict is to block Ethbitic. It is likely a fraud. Protect your money and find a licensed broker. Avoid ethbitic.com at all costs.