Bitget Quantify, a platform claiming to offer automated trading profits, was registered in May 2024 through Alibaba in Singapore. Its website, bitgetquantify.com and bitgetquantify.net, uses privately registered domains. The company falsely states it was founded in 2013, a claim contradicted by its recent registration date.
The platform provides no information about its owners or executives, a common tactic in fraudulent schemes. Bitget Quantify displays doctored certificates from Capital Markets Group, the Accounting and Corporate Regulatory Authority, and Bitget Investments. These documents are backdated to 2013 and 2018, making them demonstrably false given the company's recent establishment.
Bitget Quantify does not offer any retailable products or services. Affiliates can only market the affiliate membership itself. The scheme operates by soliciting investments in Tether (USDT) from new affiliates. These investments are presented as automated trading opportunities promising exorbitant daily returns.
The investment tiers are structured with increasing amounts of USDT required for higher advertised daily percentages. For instance, investing 15 to 99 USDT reportedly yields 13.4% to 13.6% daily. Higher tiers, such as investing 10,450 to 19,449 USDT, promise daily returns of 24.2% to 26.2%. These rates are unsustainable and characteristic of Ponzi schemes.
The compensation plan heavily relies on recruitment. Affiliates earn referral commissions on USDT investments made by downline recruits across three levels. Level 1 recruits yield a 10% commission, level 2 earns 2%, and level 3 earns 1%. A recruitment bonus is also offered, with USDT rewards for signing up a set number of new investors, ranging from 10 USDT for five recruits to 135 USDT for fifty.
An additional "Downline Investment Bonus" incentivizes affiliates to generate significant investment volume within their downlines. Rewards include 20 USDT for generating 500 USDT in downline investment within 24 hours, up to 200 USDT for generating 10,000 USDT in the same period.
Membership in Bitget Quantify is free. However, full participation in the income scheme requires a minimum investment of 15 USDT. The platform's structure, relying solely on recruitment and offering unrealistic returns, mirrors typical Ponzi schemes. These operations collapse when recruitment slows, leaving later investors with losses.
Victims of such schemes should report them to the relevant financial regulatory authorities in their jurisdiction. For instance, in the United States, this would include the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).