Splitt operates in the cryptocurrency MLM niche. A corporate address in London, UK is provided on the Splitt website.

A quick search however reveals over eighty companies operating from the same address, suggesting it is virtual in nature.

Patel Nguyen is identified as CEO of the company on Splitt’s website.

Nguyen’s Splitt corporate bio identifies him as

a self-made man who has worked his way up from the bottom to become one of the most admired people in the South Asian cryptocurrency world.

After completing his education and getting his degree, Patel Nguyen worked for a series of tech firms, including household names like IBM, Google and Facebook.

Even so, Patel Nguyen never lost sight of his entrepreneurial ambitions, and the new startup known as Splitt is the end result of those lofty dreams.

Whether Nguyen, as represented on the Splitt website, actually exists is unclear.

The most obvious sign something is up is Nguyen has no online footprint. The only evidence he exists is a black and white photo of Nugyen on Splitt’s website, that doesn’t appear anywhere else online.

You’re going to tell me “one of the most admired people in the South Asian cryptocurrency world” and someone who purportedly worked at Google, IBM 
and
Facebook, has
absolutely no online footprint whatsoever?

Yeah, not buying it. Nice try with the cropped black and white corporate photos though.

Further pulling Splitt’s corporate makeup into question is its “Splitt Corp Limited” UK incorporation.

UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Splitt Products

Splitt has no retailable products or services, with affiliates only able to market Splitt affiliate membership itself.

The Splitt Compensation Plan

Splitt affiliates invest bitcoin on the promise of an advertised daily ROI.

Dynamic Cloud Mining – invest 0.001 to 25 BTC and receive a 2.64% daily ROI for 60 days (158.4%)

Bare Metal Simplified – invest 0.025 to 50 BTC and receive a 3.5% daily ROI for 40 days (140%)

ASIC Mining – invest 0.5 to 500 BTC and receive a 4.7% daily ROI for 35 days (164.5%)

Splitt pays residual commissions on invested funds down three levels of recruitment (unilevel):

level 1 (personally recruited affiliates) – 4%

level 2 – 2%

level 3 – 1%

Representative affiliates can bump their level 1 commission rate to 10%.

Splitt
do not
provide representative qualification criteria on their website.

Joining Splitt

Splitt affiliate membership is free.

Full participation in the attached income opportunity however requires a minimum 0.001 BTC investment.

Conclusion

Unverifiable management details, dodgy UK incorporation, no evidence of external ROI revenue taking place…

Splitt presents itself as your typical MLM cryptocurrency company.

Outside o

🤖 Quick Answer

Is Splitt a legitimate cloud mining operation?
Splitt operates as a cryptocurrency MLM platform offering multi-algorithm cloud mining services. The company lists a London corporate address shared by over eighty entities, suggesting virtual operations. Leadership includes CEO Patel Nguyen, whose background includes positions at major technology firms and entrepreneurial ventures in cryptocurrency sectors.

What red flags are associated with Splitt's corporate structure?
The shared London address housing eighty-plus companies indicates a virtual business address arrangement. This infrastructure approach raises transparency concerns regarding Splitt's operational legitimacy and regulatory compliance standards within the cryptocurrency mining sector.

Who leads Splitt and what is his professional background?
Patel Nguyen serves as CEO, presenting credentials including employment at technology giants like IBM, Google, and Facebook. His professional narrative emphasizes entrepreneurial ambition and recognition within South Asian cryptocurrency communities, though independent verification of these credentials remains limited in

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