Spain's financial regulator has now warned investors twice about HelloBit, a fraudulent trading scheme that keeps spawning new websites faster than authorities can shut them down.
The Comision Nacional del Mercado de Valores (CNMV) issued its second warning on October 20th, flagging three additional HelloBit domains used to lure investors. The company operates without authorization under Spanish Securities Markets and Investment Services Act, the regulator confirmed. This marks the second time Spain has publicly called out the scheme, following an initial warning in March 2025.
HelloBit works like this: investors download an app or visit a website, receive "trading signals" from a related entity called TSQ Investment Group, and click a button to supposedly qualify for daily returns. It's a Ponzi scheme dressed up in fintech language. The money stops flowing once new investor deposits dry up.
The three domains flagged in October—hellobitese.com, hellobit.cc, and hellobit8.com—tell a revealing story about how the operators work. Hellobitese.com was registered just days before the warning, on September 11th. The other two were registered months earlier but have already been flagged by CloudFlare for suspected phishing. This isn't accidental: when regulators crack down on one domain, the scammers simply register another and move their operation.
A search reveals at least two more active domains: hellobitapp.com and hellobitplw.com, both registered in 2025. Investigators believe dozens more likely exist. The first domain the CNMV targeted, hellobitd.com, has already been abandoned—a pattern that will repeat with each new warning unless something changes.
"Click a button" app Ponzis like HelloBit are typically run by Chinese criminal syndicates operating from compound prisons in Myanmar and Cambodia, where enslaved workers are forced to run scams under armed guard. The setup maximizes profit margins and makes prosecution nearly impossible. Authorities have stepped up efforts against these compounds this year, yet HelloBit continues launching fresh domains roughly every two weeks, proving the crackdowns haven't stopped the operation.
HelloBit isn't confined to Spain either. New Zealand's financial regulator issued its own fraud warning in April 2025. That's at least two countries formally warning their citizens, yet the scheme persists in recruiting new victims worldwide.
The speed and ease with which HelloBit operators move between domains reveals a fundamental problem: domain registrars and web hosts enable the fraud by allowing instant registration with minimal verification. By the time a warning goes public, the scammers have already moved their infrastructure elsewhere. They operate with the confidence of criminals who know that taking down one website is meaningless when launching the next takes minutes.
For investors who sent money to HelloBit, recovery is unlikely. For regulators, the cat-and-mouse game continues—and the mouse keeps winning.
🤖 Quick Answer
What is the second HelloBit securities fraud warning issued by Spain?On October 20th, Spain's Comisión Nacional del Mercado de Valores (CNMV) published its second warning against HelloBit, identifying three additional fraudulent domains. The scheme operates without authorization under Spain's Securities Markets and Investment Services Act, following an initial warning issued in March 2025 regarding unauthorized investment services.
How does the HelloBit fraudulent trading scheme operate?
HelloBit directs investors to download an application or visit a website, where they receive purported trading signals from a related entity called TSQ Investment Group. Users are instructed to click a button to supposedly qualify for daily returns, a mechanism consistent with characteristics commonly associated with securities fraud schemes.
Why has Spain's CNMV warned about HelloBit multiple times?
HelloBit continuously spawns new website domains faster than regulatory authorities can shut
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