Arkbit provides no credible ownership or executive information on its website.

Supposedly Arkbit is headed up by founder and Chief Financial Officer Thomas Brewer.

“Thomas Brewer” is actually US actor Mike Wolfe. The only professional credit to Wolfe’s name is the 2019 short-film
Sugardaddy
:

We can rule out Arkbit just using a photo of Wolfe as he appears in at least one marketing video:

That video was shot in rented office space in Little Rock, Arkansas:

Arkbit provides details for several other executives, all of which are assumed to also be actors.

Arkbit’s website domain (“arkbitcapital.com”), was first registered in September 2021. The private registration was last updated on November 28th, 2022.

Arkbit’s social media profiles were created in late 2022, so it appears the domain was acquired by Arkbit’s owners in late 2022.

Typically Boris CEO Ponzi schemes originate from eastern Europe. I was unable to confirm this with Arkbit.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Arkbit’s Products

Arkbit has no retailable products or services.

Affiliates are only able to market Arkbit affiliate membership itself.

Arkbit’s Compensation Plan

Arkbit affiliates invest USD cryptocurrency equivalents on the promise of advertised returns:

Novice – invest $50 to $4999 and receive 1.6% a day for 120 days

Plus – invest $5000 to $9999 and receive 1.9% a day for 120 days

Proficient – invest $10,000 to $24,999 and receive 2.2% a day for 120 days

Supreme – invest $25,000 to $49,999 and receive 2.5% a day for 120 days

Exclusive – invest $50,000 and receive 2.5% a day for 120 days (same as Supreme)

Elite – invest $75,000 and receive 3% a day for 120 days

Premium – invest $100,000 and receive 3.5% a day for 120 days

Ultimate – invest $150,000 and receive 4% a day for 120 days

The MLM side of Arkbit pays on recruitment of affiliate investors.

Referral Commissions

Arkbit affiliates earn a 6% to 7% referral commission on funds invested by personally recruited affiliates.

Novice to Supreme tier affiliates earn a 6% referral commission rate

Exclusive and higher tier affiliates earn a 7% referral commission rate

Residual Commissions

Arkbit pays residual commissions via a binary compensation structure.

A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):

The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.

Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.

At the end of each pay period, Arkbit tallie

🤖 Quick Answer

What is Arkbit and who operates it?
Arkbit is a cryptocurrency mining operation presenting itself as a legitimate financial entity. The company's purported CEO, Thomas Brewer, is identified as US actor Mike Wolfe. Executive team members appear to be actors as well, raising authenticity concerns about the organization's legitimacy and operational structure.

What evidence suggests Arkbit is a fraudulent scheme?
Arkbit lacks verifiable ownership documentation and uses actors as executive representatives. The website domain was registered September 2021 with private registration, updated November 2022. Social media accounts emerged late 2022. Marketing materials feature rented office space in Little Rock, Arkansas, indicating insufficient legitimate infrastructure.

When did Arkbit establish its online presence?
Arkbit's domain registration occurred in September 2021, with private registration last updated November 28th, 2022. The company's social media profiles

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