Remitano's Hidden Operators Run Illegal Crypto Investment Scheme

A cryptocurrency platform called Remitano is raking in money from investors across Southeast Asia while keeping its ownership and management structure completely hidden from public view.

The company lists "Babylon Solutions Limited" as its parent organization on its website. That's all the information available. No executives. No board members. No registered office address. Nothing.

Remitano was registered as a domain in 2014, with its private registration last updated in January 2018. The company's own co-founders—Phuong Nguyen, Dung Huynh, Phuoc Nguyen, and Tam Vo—have scrubbed their connection to Remitano from their professional profiles. Nguyen and Huynh list previous experience at Quoine, a Japanese cryptocurrency exchange, but neither mentions Remitano despite their roles in founding it.

Traffic data from April 2023 shows Remitano draws 71% of its users from Vietnam, 8% from Nigeria, and 5% from the United States. The Vietnamese concentration aligns with its founders' nationalities, but the opacity around leadership raises immediate red flags about what the company is actually doing.

Here's what Remitano actually does: It no longer operates as the peer-to-peer Bitcoin marketplace it claimed to be when founded in 2015. Today it runs three cryptocurrency investment schemes targeting affiliates willing to pump money into the platform.

The first is an undisclosed investment plan. Affiliates deposit cryptocurrency and watch returns supposedly accumulate in real-time on their dashboard. The second mimics cryptocurrency staking—invest now, earn annual passive returns later. The third is a lending scheme that promises similar passive gains from invested crypto.

None of these are legitimate financial products. They're structured as a multilevel marketing operation, with commissions paid for recruiting others. Affiliates earn 40% commission on fees from directly recruited members and 10% from second-level recruits. The referral structure is the only way to actually make money in the system. The investment returns? That money comes from new recruits, not from any real asset growth.

Joining costs nothing initially. Real money flows only when affiliates invest in cryptocurrency across these three schemes.

Remitano pitches itself as offering "passive income," but the mechanics are textbook pyramid structure. Click a button, invest crypto, watch a number go up on a screen. The company collects fees. Executives remain anonymous. New money funds old promises.

For potential investors: When a financial platform refuses to name who runs it, refuses to explain where your money goes, and operates primarily in countries with weak regulatory oversight, that's not caution—that's a reason to walk away.

🤖 Quick Answer

What is Remitano and its corporate structure?

Who are Remitano's co-founders?
Remitano was co-founded by Phuong Nguyen, Dung Huynh, Phuoc Nguyen, and Tam Vo. These individuals have removed references to their involvement with Remitano from their professional profiles. Nguyen and Huynh previously worked at Quoine, a Japanese cryptocurrency exchange.

What regulatory concerns have been raised about Remitano?
Remitano has been accused of operating an illegal cryptocurrency investment scheme while concealing its ownership structure. The

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