Do not invest with this entity
This entity appears in one or more regulatory or sanctions lists (SEC PAUSE, DFPI, OpenSanctions). Report to the FBI IC3 at ic3.gov and the FTC at reportfraud.ftc.gov.
Vbitex.com
Investment / sanctions alert · dfpi
DFPI — Victim narrative (California)
A California resident reports they met someone who promised to help them trade crypto assets with an online company, Vbitex. The victim started with a small deposit and began to trade on the platform with guidance from the teacher. The victim invested more and believed at one point that their account had increased in value to $440,000. But when the victim tried to withdraw some funds, the site demanded a fee of $22,000. And if they didn’t pay within the allotted timeframe, there would be an additional 5% fee. The victim couldn’t pay within the time frame, but the teacher said they would help,
Estimated loss: $440,000
Type: Fraudulent Trading Platform | Pig Butchering Scam
Have you been contacted by Vbitex.com?
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What to do if you were targeted
- 1.Stop all transfers immediately.
- 2.Contact your bank or wire transfer service to attempt a recall.
- 3.File a complaint with the FBI IC3 at ic3.gov.
- 4.Report to the FTC at reportfraud.ftc.gov.
- 5.Report to your state securities regulator via nasaa.org.