BitradeX has been added to the Malaysian Securities Commission’s Investor Alert List.
Citing securities fraud, the Malaysian SEC added BitradeX to its
Investor Alert List
on March 17th, 2026.
Following an internal investigation, the Malaysian SEC found BitradeX was “carrying on unlicensed capital market activities of dealing in securities”.
The Malaysian SEC flagged BitradeX’s website, Google Play Store and Apple App Store app listings.
BitradeX
is a Chinese MLM crypto Ponzi fronted by well-known French footballer, Olivier Giroud:
Giroud announced he’d signed on as BitradeX’s “Brand Ambassador” in June 2025;
As of February 2026, SimilarWeb was tracking ~1.6 million monthly visits to BitradeX’s website.
Top sources of BitradeX website over the same period were Brazil (8%), Japan (8%), Saudi Arabia (8%), the US (7%) and Malaysia (6%).
BitradeX is not registered to offer securities in any jurisdiction. In addition to Malaysia,
Thailand issued a BitradeX securities fraud warning
last month.
🤖 Quick Answer
What regulatory action did Malaysia take against BitradeX?On March 17th, 2026, the Malaysian Securities Commission added BitradeX to its Investor Alert List, citing securities fraud. Following an internal investigation, the regulator determined BitradeX was carrying on unlicensed capital market activities of dealing in securities, and flagged its website, Google Play Store, and Apple App Store listings.
What is BitradeX and who is associated with it?
BitradeX is a Chinese MLM crypto Ponzi scheme that enlisted French professional footballer Olivier Giroud as its Brand Ambassador in June 2025. As of February 2026, SimilarWeb tracked approximately 1.6 million monthly visits to its website, with Brazil and Japan among the top traffic sources.
Why was BitradeX flagged for securities fraud by Malaysian authorities?
The Malaysian Securities Commission's investigation
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