BitradeX has received a securities fraud warning from the Thailand Securities and Exchange Commission.
In its
February 2026 BitradeX securities fraud warning
, the Thailand SEC classifies BitradeX as an “unlicensed digital asset business”.
In addition to citing BitradeX’s primary website “bitradex.ai” website domain, Thailand’s SEC cites BitradeX’s app on the Google Play Store;
Since BehindMLM
reviewed BitradeX
earlier this month, app downloads have climbed from 10,000 to over 50,000.
As well as a local Thai Bitradex FaceBook profile:
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 January 2026, SimilarWeb was tracking ~646,000 monthly BitradeX website visits.
Top sources of BitradeX website traffic are Japan (23%), Brazil (13%), Malaysia (6%), Saudi Arabia (5%) and Italy (5%).
🤖 Quick Answer
What is the BitradeX securities fraud warning from Thailand?In February 2026, the Thailand Securities and Exchange Commission issued a securities fraud warning classifying BitradeX as an unlicensed digital asset business. The warning specifically cited BitradeX's primary website domain "bitradex.ai," its Google Play Store application, and a local Thai Facebook profile associated with the platform.
Who operates BitradeX and what is its business model?
BitradeX is identified as a Chinese MLM crypto Ponzi scheme. French professional footballer Olivier Giroud serves as its Brand Ambassador, a role he publicly announced in June 2025. As of January 2026, the platform's website attracted approximately 646,000 monthly visits according to SimilarWeb tracking data.
How rapidly has BitradeX's user base grown despite regulatory warnings?
BitradeX's Google Play Store
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