The Bitonite Ponzi scheme has collapsed.
Following initiating of a shit token exit-scam again in early 2024, Bitonite started delaying withdrawal requests in late Might.
This culminated in a second “we obtained hacked!” exit-scam on June third.
I’m unsure precisely when Bitonite initiated its BIT token exit-scam however advertising and marketing started in or round January 2024.
BIT was dumped on dodgy exchanges in February 2024, after which BIT went by the same old Ponzi shit token pump and dump.
After spiking within the ten of hundreds throughout the pump part, BIT each day buying and selling quantity plummeted to just some hundred a day for many of Might 2024.
As per Bitonite’s June third, 2024 “we obtained hacked!” exit-scam announcement;
In our official announcement, we introduced that the excellent payouts could be processed successively and on time. Nonetheless, the next early afternoon, after we began processing the payouts, we have been confronted with a severe safety incident.
Our buying and selling account was hacked after the announcement and all funds have been destroyed. Because of this incident, we at the moment are compelled to droop our providers.
To maintain buyers from submitting complaints with regulators and authorities, Bitonite is prolonging its exit-scam with a “reimbursement plan”.
We’ve got determined to work out an inner answer to compensate the victims.
We’ve got developed a reimbursement plan to refund affected customers their invested quantities.
SimilarWeb’s tracked visitors to Bitonite’s web site over the previous few months has hovered at round ~13,000 visits. For an MLM Ponzi scheme that is indicative of pending collapse.
Whereas we don’t know what number of Bitonite buyers there are or how a lot they’ve collectively misplaced, web site visitors estimates counsel they’re primarily from Italy (44%), Germany (22%) and Eire (21%).
Bitonite launched in mid 2023 and pitched buyers on passive returns of three% to 10% a month.
Bitonite was headed up by co-founders Tanyel Tahtaci, Mertkan Boyraz and Denis Muric.
Tahtaci is from Turkey, Boyraz is from Austria and Muric is from Germany. All three co-founders relocated to Dubai previous to launching Bitonite.
Within the lead as much as Bitonite’s collapse:
- Tanyel Tahtaci marked his Instagram profile as non-public and deserted his FaceBook profile in September 2023;
- Mertkan Boyraz deleted his Instagram account; and
- Denis Muric deserted his Instagram and FaceBook profiles in March 2024
Given Bitonite has collapsed and its founders are hiding in Dubai, we’re not anticipating any additional updates.
