Warning: Is Bithuds a Scam?

Investigation: Bithuds (bithuds.com)

Our analysts strongly advise you to stay away from Bithuds (bithuds.com).

Bithuds claims to be a investment firm, but it is currently illegal by any credible commission, like the ASIC or CySEC.

Victim of Bithuds?

If you think you were scammed by Bithuds, act now. Fill out the inquiry below to talk to our investigative team for a free assessment.

Safety Analysis: Bithuds

The major sign is that Bithuds (bithuds.com) is unauthorized to operate.

Investing with unregulated entities is extremely risky. Legitimate firms are must be authorized with agencies like the FINRA or FCA to ensure consumer safety.

Bithuds lacks this supervision. This means there is no legal recourse if they keep your money. Most online scams involve unlicensed actors, and getting back funds from them is challenging without expert help.

For instance, in Europe, unlicensed firms are outside the jurisdiction of the Financial Ombudsman. In the US, they are not part of SIPC, so your money is at risk.

Warning Signs of Bithuds

Online trading fraud is getting smarter. Criminals use manipulation to steal wealth. Below are typical tactics used by sites similar to Bithuds (bithuds.com).

Pig Butchering & Romance Scams

"Pig Butchering" is a common tactic where scammers groom victims over months. They fake a friendship online. Once trust is built, they introduce a "lucrative" crypto opportunity. It's a trap to lure you onto a fake platform like Bithuds.

Rigged Platforms

Scammers build websites that mimic real trading apps. You see graphs and profits that increase. But it is a fake. The broker controls the prices to convince you to deposit more. If you ask for a payout, the "profits" disappear.

Red Flags

• Unsolicited Contact: They call you from "brokers" out of the blue.
• No License: The company lacks legal registration.
• Guaranteed Profits: They promise huge profits with no risk.
• Cannot Withdraw: They refuse withdrawals. They ask for "tax fees" before releasing funds.
• Pressure Tactics: Agents pressure you to invest bigger amounts.

Do not trust positive ratings. Fraudulent brokers frequently post their own positive reviews to look legitimate.

Conclusion

We advise against Bithuds. It appears to be a fraud. Protect your money and use a regulated broker. Avoid bithuds.com at all costs.