bi-options.tech is a fraudulent investment platform that promises unrealistic returns on cryptocurrency investments. The website offers three different investment plans with exaggerated profits:

• 5% after 36 hours
• 10% after 48 hours
• 40% after 5 days

These returns are far beyond what is feasible in legitimate financial markets, making it clear that bi-options.tech is a scam designed to attract unsuspecting investors.

Domain Information

• Domain: bi-options.tech
• Registrar: NameSilo, LLC
• Registered On: 2021-08-22
• Expires On: 2025-08-22
• Updated On: 2024-08-15
• Status: clientTransferProhibited
• Name Servers: ns2.hostns.io, ns1.hostns.io
• Registrant Contact: PrivacyGuardian.org, AZ, USA

The use of privacy protection services to conceal the actual ownership of the domain is common among fraudulent platforms, further increasing suspicions about its legitimacy.

Transaction Details

Users who engaged with the platform were instructed to send cryptocurrency to various wallet addresses controlled by the scammers. Below are some of the fraudulent transactions:

• BTC: 0.00149517 transferred to wallet 18g5bPn83dTYeKeyATXURdBYivJQD5KZ66
• BTC: 0.00291402 transferred to wallet 3By5u7efeakvDmdenA53Khp59QkdEo7eyA
• BTC: 0.0062 transferred to wallet 3FcQNog15vmukETauausZ4vR4iBEMp16sq
• BTC: 0.02337041 transferred to wallet 3DMDocqWurGXC82hZPv1i737HS5zyGwBmf
• BTC: 0.00149517 transferred to wallet 18g5bPn83dTYeKeyATXURdBYivJQD5KZ66
• BTC: 0.05904372 transferred to wallet 3GARsMa2rGxkTE1rdSsf41ng5JEdpW3aGv
• BTC: 0.0358 transferred to wallet 3CefXUT1wADsTytB8CDiuDLSpbiy8tAZF6

How the Scam Operates

The platform presents itself as an investment opportunity with attractive returns in a very short period. Users are encouraged to invest in plans offering 5%, 10%, and 40% returns within mere days. After the investments are made, users can no longer withdraw their funds, and the platform becomes unresponsive.

This is a classic Ponzi scheme, where the returns promised to earlier investors are paid out using the capital from new investors, rather than generating any actual profit from investments.

How to Protect Yourself

If you have been affected by bi-options.tech, report the incident to relevant authorities immediately. Do not send more funds in an attempt to recover your losses.

To protect yourself in the future, always be cautious of platforms that promise “guaranteed returns” or unusually high profits within a very short time. Legitimate investments never guarantee such returns. Always conduct thorough research, check user reviews, and verify the legitimacy of the platform before making any investments.

Avoid platforms with no transparency or verifiable operations, and steer clear of platforms that obscure their ownership and domain details. bi-options.tech is a prime example of why due diligence is crucial before committing funds to any investment.