UbitEx was an MLM crypto Ponzi scheme that launched in mid 2024.

The scam was headed up by CEO “Alex Sandro”, an underwear model believed to be living in Indonesia.

UbitEx affiliates invested cryptocurrency into UB. Through a “staking” Ponzi model, UbitEX recycled invested funds to pay returns.

UbitEx collapsed in late 2024. On December 2024 the domain “ubx.one” was privately registered.

Shortly after Ubitex was rebooted as UBX:

Not surprisingly, Ubitex’s Boris CEO Alex Sandro is gone. On January 14th, 2025, UBX uploaded its first marketing video to its newly created YouTube channel.

The video is a webinar hosted by someone with, if I’m not mistaken, a Singaporean accent. This ties into UbitEx being run by Chinese scammers:

Of note is France’s AMF
adding Ubitex to its fraud blacklist
on February 13th, 2025.

As of February 2025, SimilarWeb tracked the majority of UBX website traffic from the US (43%), France (36%) and the UK (22%). This traffic is likely to primarily be victims of UbitEX.

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.

UBX’s Products

UBX has no retailable products or services.

Affiliates are only able to market UBX affiliate membership itself.

UBX’s Compensation Plan

UBX affiliates invest 100 to 50,000 tether (USDT). This is done on the promise of advertised returns:

invest for 7 days and receive a 0.4% daily ROI, paid in UBX

invest for 30 days and receive a 0.7% daily ROI, paid in UBC

invest for 90 days and receive a 1% daily ROI, paid in UBC

invest for 180 days and receive a 0.9% ROI (not a typo), paid in UBC

invest for 365 days and receive a 1% daily ROI, paid in UBC

UBX and UBC refer to internal shitcoins UBX creates on demand.

The MLM side of UBX pays on recruitment of affiliate investors.

Referral Commissions

UBX pays referral commissions on invested USDT down two levels of recruitment (unilevel):

level 1 (personally recruited affiliates) – 10%

level 2 – 5%

Matching Bonus

UBX pays an unspecified Matching Bonus on returns paid to downline affiliates.

To qualify for the Matching Bonus, UBX affiliates must:

invest 30,000 USDT and

personally recruit and maintain five affiliates with an active investment

Joining UBX

UBX affiliate membership is free.

Full participation in the attached income opportunity requires a minimum 100 USDT investment.

UBX Conclusion

UBX is a continuation of the investment fraud started with UbitEX.

UBX presents itself as a crypto exchange. Beyond that UBX’s website is full of absolute baloney;

UBX is an AI+blockchain integrated investment platform headquartered in Wall Street, New York.

It is committed to reshaping the global financial market and creating a new generation of intelligent financial technology ecology through advanced financial big language models (FinGPT) and blockchain technology.

UBX received a joint investment of US$50 million from BlackRock and Nas

🤖 Quick Answer

What was UbitEx and how did it operate?
UbitEx was a multilevel marketing cryptocurrency Ponzi scheme launched in mid-2024. It operated through a staking model where affiliates invested cryptocurrency into UB tokens, with the scheme recycling invested funds to generate returns for participants until its collapse in late 2024.

Who led UbitEx and what happened to the original leadership?
UbitEx was headed by CEO "Alex Sandro," an underwear model reportedly based in Indonesia. Following the scheme's collapse, the original leadership disappeared, and the operation was subsequently relaunched under the new brand UBX in January 2025.

How was UbitEx rebranded as UBX?
After UbitEx collapsed in late 2024, the domain ubx.one was privately registered. The rebranded UBX launched its YouTube channel in January 2025, promoting itself

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