ByteEpic fails to offer possession or govt data on its web site.
ByteEpic operates from three recognized web site domains:
- byteepic.vip – advertising web site, registered with bogus particulars on August twenty second, 2024
- epic-bytes.com – app, non-public November third, 2023 registration final up to date on Could twenty ninth, 2024
- byteepic.com (already deserted) – privately registered on October tenth, 2024
Regardless of solely present for a yr at greatest, on its web site ByteEpic falsely claims it was “based in 2013”:
ByteEpic’s declare it’s “headquartered” within the US can be based mostly on nothing greater than a purported Californian registered shell firm. ByteEpic is unlikely to have any precise bodily ties to the US.
Of observe is photos displayed on ByteEpic’s web site being named in Chinese language:
This means whoever is operating ByteEpic has ties to China.
As at all times, if an MLM firm isn’t overtly upfront about who’s operating or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
ByteEpic’s Merchandise
ByteEpic has no retailable services or products.
Associates are solely capable of market ByteEpic affiliate membership itself.
ByteEpic’s Compensation Plan
ByteEpic associates make investments tether. That is completed on the promise of marketed passive returns.
- VIP1 – make investments 50 to 1500 USDT and obtain 2.02% to 2.52% a day
ByteEpic has greater VIP funding tiers however particulars usually are not disclosed.
ByteEpic additionally fails to reveal referral fee charges.
Becoming a member of ByteEpic
ByteEpic affiliate membership is free.
Full participation within the connected revenue alternative requires an funding in tether.
ByteEpic Conclusion
ByteEpic is one more “click on a button” app Ponzi scheme.
ByteEpic’s “click on a button” Ponzi ruse is buying and selling indicators:
The offered ruse is ByteEpic associates log in and click on a button (the extra invested the extra the button must be clicked).
Clicking the button purportedly ties into executing offered buying and selling indicators.
For some motive ByteEpic can’t execute these trades on their very own, as an alternative choosing the ruse of sharing buying and selling earnings with buyers.
If that is unnecessary it’s as a result of it doesn’t. Why get randoms to click on a button in a dodgy app when you would simply execute the trades your self?
In actuality clicking a button inside ByteEpic’s app does nothing. All ByteEpic does is recycle newly invested funds to pay earlier buyers.
ByteEpic is a part of a bunch of “click on a button” app Ponzis which have emerged since late 2021.
Examples of already collapsed “click on a button” Ponzis utilizing the identical app ruse embody RainbowEx, Gxness and TRC Commerce.
Since 2021 BehindMLM has documented tons of of “click on a button” app Ponzis. Most of them final a number of weeks to some months earlier than collapsing.
“Click on a button” app Ponzis disappear by disabling each their web sites and app. This tends to occur with out discover, leaving the vast majority of buyers with a loss (inevitable Ponzi math).
Organized crime pursuits from China function rip-off factories behind “click on a button” Ponzis, usually from south-east Asian international locations.
In September 2024, the US Division of Treasury sanctioned Cambodian politician Ly Yong Phat over ties to Chinese language human trafficking rip-off factories.
Via numerous firms he owns, Phat is alleged to shelter Chinese language scammers working out of Cambodia.
No matter which nation they function from, the identical group of Chinese language scammers are believed to be behind the “click on a button” app Ponzi plague.
