Recently, we’ve been prompted to investigate and write again about bitiqs.com (after we already posted a warning about bitiqs.net) after receiving a distressing complaint from a victim who lost a hefty amount through three transactions using USDT and XRP cryptocurrencies. The victim was lured into a scam by a group operating under the guise of “Arbitrage Blick” on Telegram, which directed them to the fraudulent platforms bitiqs.com and cypbit.io. The details clearly show a well-orchestrated scam that took advantage of the victim’s trust, resulting in a significant financial loss.

Bitiqs.com: Domain Analysis

The domain bitiqs.com was recently registered on June 29, 2024, through Tucows Domains Inc., with an expiration date set for June 29, 2025. The registration information reveals that the domain is associated with the country of Saint Kitts and Nevis, listed under Charlestown, known for its lenient regulations and anonymity for domain registrants.

Hosting is provided by Cloudflare, Inc., a service known for its robust security features. It is also commonly used by scam sites to hide their actual hosting location and avoid takedown. The website’s IP address traces back to a server in Toronto, Canada, although this doesn’t necessarily reflect the site’s true origin due to the use of Cloudflare’s CDN services.

Analyzing the website’s traffic shows an incredibly low global rank of #24,471,934, with a country rank in Mexico at #567,039. These numbers reflect minimal traffic, with only 168 visits last month. Notably, the traffic is overwhelmingly referral-based, with 95.29% of visits coming from referral links, suggesting the site relies heavily on external promotions, likely through fraudulent means such as phishing or social engineering via platforms like Telegram.

Further investigation into the domain’s backlinks reveals that it has only six backlinks, all marked as “nofollow,” which diminishes their value in search engine ranking. The presence of such low-quality backlinks from obscure sources raises further suspicions about the legitimacy and purpose of the website.

Cypbit.io: Domain Analysis

The domain cypbit.io was registered very recently on July 27, 2024, through NameSilo, LLC, with an expiration date set for July 27, 2025. The registration information is shielded by a privacy service, PrivacyGuardian.org, which obscures the identity of the actual registrant—a common tactic used by fraudulent entities to avoid detection and legal accountability. The domain is hosted by Cloudflare, Inc., which, like in the case of bitiqs.com, provides a layer of anonymity and security, making it difficult to trace the real origin of the website.

The domain shows no organic or paid search traffic, backlinks, or significant online presence, indicating that it might be a part of a newly launched scam operation. The only backlink to cypbit.io comes from cypbit.com, suggesting that these domains are likely connected and possibly operated by the same entity. (Currently, cypbit.com redirects to cypbit.io.)

The absence of notable organic keywords, traffic, or competitive positioning further reinforces the likelihood that cypbit.io is not a legitimate or established website. Instead, it appears part of a recently launched scheme designed to deceive users into thinking they are dealing with a legitimate service.

Bitiqs.com & Cypbit.io Review

Bitiqs.com and cypbit.io are clones of each other and appear to be part of a broader network of fraudulent websites we’ve recently covered in our forum. These sites share identical layouts, content, and promotional strategies designed to create the illusion of legitimate cryptocurrency exchanges. The striking similarities between these websites suggest they are operated by the same group, using a template to spin up multiple fraudulent platforms quickly.

This cloning tactic is a red flag that extends beyond just these two domains. By replicating the same site across numerous URLs, the operators aim to cast a wide net, targeting unsuspecting users from various angles. This network approach increases their chances of ensnaring victims while spreading the risk of detection and takedown across multiple sites. Even if one site is exposed or shut down, others can continue the fraudulent activity without interruption.

Both bitiqs.com and cypbit.io exhibit the same deceptive practices we’ve identified in similar scams: exaggerated claims of millions of users and high trading volumes, minimal and generic contact information, and a lack of verifiable regulatory compliance. The use of Cloudflare and privacy protection services to mask their true identities is consistent with the tactics used by other scam sites we’ve investigated.

Given the evidence, it is clear that these sites are part of a coordinated scam operation that spans multiple domains.

Bitiqs.net Reviews

Reviews of bitiqs.net on Trustpilot reveal a clear pattern of fraudulent activity, with numerous users reporting that the platform is a scam. Most of the one-star reviews highlight a similar experience: users are initially able to make small trades without issue, giving them a false sense of security. However, once larger amounts of money are deposited, the platform demands additional funds under various pretexts—such as “wallet verification” or “premium status”—before allowing withdrawals. Despite complying with these demands, users report that their accounts are eventually frozen, and their funds are never returned.

One user, Nick Gilbert, explicitly states, “BITIQS.net, BITOQS.net, CRYPBIT.net… All THE SAME OPERATOR AND ANY POSITIVE REVIEWS HERE ARE FRAUDS AND FAKES.” Another user, Holly Dolder, warns, “SCAM, SCAM, SCAM. You have been warned! The company and exchange looked valid, but they will shut down your account the next transaction. Want more funds to reopen it.”

This alarming trend is further supported by reviews from other users, who describe a similar sequence of events where they are drawn in by an initial successful transaction, only to be scammed out of larger amounts. These reviews emphasize that the platform uses fake positive reviews to lure in more victims, and users are urged to report their experiences to authorities.

The consistent reports of account freezing, escalating demands for additional funds, and the eventual locking of accounts make it evident that bitiqs.net is part of a well-coordinated scam operation that preys on unsuspecting cryptocurrency users.

Cypbit.io Reviews

The reviews for cypbit.io on Trustpilot paint a strikingly similar picture to those of bitiqs.net, further indicating that the same fraudulent entity operates both platforms. Users repeatedly describe the platform as a scam, where initial transactions are processed smoothly, but subsequent withdrawals are blocked, and additional funds are demanded under the guise of “wallet verification” or “premium membership.”

One user, Carl Stankowski, notes, “The site is a scam… It is a fraudulent exchange that allows one or two transactions before they close your account and steal your money.” Another user, Texas Eagle, shares their experience: “SCAM! I opened an account and made a deposit of $750… Next withdrawal denied—verify my wallet—so they requested another deposit of 250 USDT… SCAM!!!”

Like bitiqs.net, users of cypbit.io report that the platform is promoted by a YouTube channel called “Arbitrage Blick,” which they believe is complicit in the scam. These users also highlight the presence of fake positive reviews on Trustpilot, intended to deceive potential victims into trusting the platform.

The overwhelming consensus among reviewers is that cypbit.io is a scam, with many urging others to avoid the site and report it to the relevant authorities. The identical tactics used by both cypbit.io and bitiqs.net—including escalating demands for funds, account freezing, and fake reviews—strongly suggest that these platforms are part of a larger, coordinated scam operation.

The Bottom Line

After thoroughly reviewing bitiqs.com, cypbit.io, and related domains, it is clear that these websites are part of an elaborate scam operation. The consistent reports from users who have been defrauded and the identical tactics employed across these platforms strongly suggest that they are designed to deceive and steal from unsuspecting victims. The sites lure users in with small successful transactions, only to escalate demands for more money under various pretenses, ultimately freezing accounts and leaving victims with nothing. The pattern of fake reviews and the promotion through dubious channels like “Arbitrage Blick” further reinforce the conclusion that these platforms are not legitimate.