Multiple TradeX: Another Ponzi Scheme Wrapped in Crypto

A shadowy investment scheme called Multiple TradeX is promising investors daily returns of up to 15% on bitcoin deposits—a red flag so obvious it's almost insulting.

The company operates from the shadows. Its website contains no information about who owns or runs it. The "about us" section doesn't name a single executive or employee. Instead, it references iprofit247.com, which appears to be a clone site built from the same template.

Multiple TradeX claims U.S. registration but only produces a UK incorporation number for a company called Minefield LTD. That company was incorporated in 2009 and dissolved in January this year. The UK incorporation is telling—it's cheap and unregulated, making it a preferred choice for scammers. A certificate link on the website displays a Hong Kong incorporation document for "Cryptocom Limited," but the domain registrations for both Multiple TradeX and iProfit 24/7 were made privately in February and April this year. The timeline doesn't add up.

The language options offered on the site—English, Russian, Chinese, and Vietnamese—suggest the operators are based in one or more of those countries. That matters. A disproportionate number of investment scams originate from Russia, China, and Vietnam.

Here's how the scheme works. Investors deposit bitcoin and are promised daily returns: 10% on 0.03 BTC or more, 12% on 0.5 BTC or more, 15% on 1 BTC or more. These returns continue "perpetually," according to the website. The company pays referral commissions down three levels of recruitment, with rates ranging from 5% to 20% depending on which version of their materials you read.

Multiple TradeX has no actual products to sell. Affiliates can only market membership itself. Joining is free, but earning full returns requires depositing at least 0.03 BTC.

The company claims it generates returns through "asset management" in binary options, forex, and bitcoin markets. No evidence supports this. There is no verifiable record of any trading activity tied to Multiple TradeX. No audits. No broker confirmations. Nothing.

This is a textbook Ponzi scheme. New investor money pays fake "returns" to earlier investors while the operators pocket the difference. When recruitment slows—and it always does—the whole structure collapses.

If an investment company won't tell you who's running it, don't invest. If it promises returns of 10% or more daily, walk away. If it pays you to recruit others instead of selling a real product, you're likely part of a scam. Multiple TradeX hits all three marks.

🤖 Quick Answer

What is Multiple TradeX and what returns does it promise?

What regulatory issues does Multiple TradeX present?
Multiple TradeX claims U.S. registration but provides only a UK incorporation number for Minefield LTD, dissolved in January 2024. UK incorporation offers minimal regulatory oversight, making it attractive to fraudulent operations seeking to evade financial regulations.

How is Multiple TradeX connected to other suspicious entities?
Multiple TradeX's website references iprofit247.com, appearing to be a clone site built from identical templates, suggesting coordinated fraudulent activity across multiple investment scheme platforms operating simultaneously.

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