Top Italian financial regulator CONSOB has issued a cease and desist against Eagle Bit Trade.

Eagle Bit Trade surfaced earlier this year and promotes an 8.5% weekly ROI through cryptocurrency trading.

Naturally the company provides no evidence of trading taking place, nor does Eagle Bit Trade have any other verifiable source of external ROI revenue.

BehindMLM
reviewed Eagle Bit Trade
in April and concluded it was yet another MLM cryptocurrency Ponzi scheme.

A visit to the Eagle Bit Trade reveals the company’s website is “disconnected”, suggesting the scheme has already collapsed.

Nonetheless, CONSOB, advise the offer of Eagle Bit Trading’s “trading packages” is illegal in Italy as of November 14th (resolution: 20695).

CONSOB’s cease and desist was issued through the National Commission for Companies and the Stock Exchange.

The cease and desist was accompanied by a warning, published to CONSOB’s website on November 19th.

Update 20th January 2024 – 
Eagle Bit Trade has
rebooted
.

🤖 Quick Answer

What action did CONSOB take against Eagle Bit Trade?
Italy's financial regulator CONSOB issued a cease and desist order against Eagle Bit Trade on November 14th, declaring the offer of trading packages illegal in the country through resolution 20695, following the company's promotion of unsustainable 8.5% weekly cryptocurrency returns without verifiable trading evidence.

What is Eagle Bit Trade's business model?
Eagle Bit Trade operates as a cryptocurrency investment scheme promising 8.5% weekly returns of investment through trading packages. The company lacks verifiable evidence of actual trading activities or legitimate external revenue sources, operating characteristics typical of multilevel marketing Ponzi structures.

What evidence exists regarding Eagle Bit Trade's legitimacy?
Eagle Bit Trade provides no documentation of trading operations or external revenue generation. The company's website appears disconnected, indicating potential scheme collapse. Independent analysis by BehindMLM

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