BitOrbit Ltd Exit Scam - Revision history

Azoundria at 16:31, 14 April 2023

2023-04-14T16:31:00Z

← Older revision		Revision as of 10:31, 14 April 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/bitorbitltdexitscam.php}}		{{Imported Case Study 2\|source=https://www.quadrigainitiative.com/casestudy/bitorbitltdexitscam.php}}
	{{Unattributed ~~Citations~~}}		{{Unattributed Sources}}

	[[File:Bitorbit.jpg\|thumb\|BitOrbit Ltd]]In September 2021, BitOrbit Ltd (not to be confused with the separate BitOrbit social media platform) launched an investment platform, promising that they were registered and set up properly as a mining and trading company. At some point around October 13th, they stopped paying out any funds. The website remained offline until at least November, and Twitter also remains, though there has been no update.		[[File:Bitorbit.jpg\|thumb\|BitOrbit Ltd]]In September 2021, BitOrbit Ltd (not to be confused with the separate BitOrbit social media platform) launched an investment platform, promising that they were registered and set up properly as a mining and trading company. At some point around October 13th, they stopped paying out any funds. The website remained offline until at least November, and Twitter also remains, though there has been no update.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.<ref name="youtube-5902" /><ref name="bitorbitarchive-5965" /><ref name="bitorbitarchive-5966" /><ref name="bitorbitarchive-5967" /><ref name="bitorbitltdtwitter-5968" /><ref name="bitorbitltdtwitter-5969" /><ref name="adinickvalerietwitter-5970" />
	<ref name="youtube-5902" /><ref name="bitorbitarchive-5965" /><ref name="bitorbitarchive-5966" /><ref name="bitorbitarchive-5967" /><ref name="bitorbitltdtwitter-5968" /><ref name="bitorbitltdtwitter-5969" /><ref name="adinickvalerietwitter-5970" />

	== About BitOrbit Ltd ==		== About BitOrbit Ltd ==
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	!Description		!Description
	\|-		\|-
	\|October 13th, 2017 ~~12:00:00 AM~~		\|October 13th, 2017
	\|Main Event		\|Main Event
	\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
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	== Ongoing Developments ==		== Ongoing Developments ==
	What parts of this case are still remaining to be concluded?		What parts of this case are still remaining to be concluded?
			== General Prevention Policies ==
			BitOrbit promised unrealistic returns and was lead by an anonymous team. A lightweight framework as we propose could allow for financial innovation without unreasonable burden and fully protect participants.
			== Individual Prevention Policies ==
			{{Prevention:Individuals:Placeholder}}

			{{Prevention:Individuals:End}}

	== Prevention Policies ==		== Platform Prevention Policies ==
	BitOrbit promised unrealistic returns and was lead by an anonymous team. A lightweight framework as we propose could allow for financial innovation without unreasonable burden and fully protect participants.		{{Prevention:Platforms:Placeholder}}

			{{Prevention:Platforms:End}}

			== Regulatory Prevention Policies ==
			{{Prevention:Regulators:Placeholder}}

			{{Prevention:Regulators:End}}

	== References ==		== References ==

Azoundria at 00:33, 19 February 2023

2023-02-19T00:33:49Z

← Older revision		Revision as of 18:33, 18 February 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/bitorbitltdexitscam.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/bitorbitltdexitscam.php}}
			{{Unattributed Citations}}

	[[File:Bitorbit.jpg\|thumb\|BitOrbit Ltd]]In September 2021, BitOrbit Ltd (not to be confused with the separate BitOrbit social media platform) launched an investment platform, promising that they were registered and set up properly as a mining and trading company. At some point around October 13th, they stopped paying out any funds. The website remained offline until at least November, and Twitter also remains, though there has been no update.		[[File:Bitorbit.jpg\|thumb\|BitOrbit Ltd]]In September 2021, BitOrbit Ltd (not to be confused with the separate BitOrbit social media platform) launched an investment platform, promising that they were registered and set up properly as a mining and trading company. At some point around October 13th, they stopped paying out any funds. The website remained offline until at least November, and Twitter also remains, though there has been no update.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.
			<ref name="youtube-5902" /><ref name="bitorbitarchive-5965" /><ref name="bitorbitarchive-5966" /><ref name="bitorbitarchive-5967" /><ref name="bitorbitltdtwitter-5968" /><ref name="bitorbitltdtwitter-5969" /><ref name="adinickvalerietwitter-5970" />

	== About BitOrbit Ltd ==		== About BitOrbit Ltd ==
Line 29:		Line 31:

	Don't Include:		Don't Include:

	* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.		* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
	* Anything that wasn't reasonably knowable at the time of the event.		* Anything that wasn't reasonably knowable at the time of the event.
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	\|-		\|-
	\|October 13th, 2017 12:00:00 AM		\|October 13th, 2017 12:00:00 AM
	\|~~First~~ Event		\|Main Event
	\|~~This is an expanded~~ description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
	\|-
	\|
	\|
	\|
	\|-		\|-
	\|		\|
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	== Total Amount Recovered ==		== Total Amount Recovered ==
	~~It is unknown how much was~~ recovered.		There do not appear to have been any funds recovered in this case.

	What funds were recovered? What funds were reimbursed for those affected users?		What funds were recovered? What funds were reimbursed for those affected users?
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	== References ==		== References ==
	[https://www.youtube.com/watch?v=Jjt81tTRaTM BitPetite - STill PAYING! Worth the investment - Huge Profits - YouTube] (Jan 22)		<references><ref name="youtube-5902">[https://www.youtube.com/watch?v=Jjt81tTRaTM BitPetite - STill PAYING! Worth the investment - Huge Profits - YouTube] (Jan 22, 2022)</ref>

	[https://web.archive.org/web/20171016222254/https://bitorbit.ltd/ BitOrbit Ltd] (Jan 24)		<ref name="bitorbitarchive-5965">[https://web.archive.org/web/20171016222254/https://bitorbit.ltd/ BitOrbit Ltd] (Jan 24, 2022)</ref>

	[https://web.archive.org/web/20180809113125/http://bitorbit.ltd/ bitorbit.ltd - Registered at Namecheap.com] (Jan 24)		<ref name="bitorbitarchive-5966">[https://web.archive.org/web/20180809113125/http://bitorbit.ltd/ bitorbit.ltd - Registered at Namecheap.com] (Jan 24, 2022)</ref>

	[https://web.archive.org/web/20171003051045/https://bitorbit.ltd/?a=about BitOrbit Ltd] (Jan 24)		<ref name="bitorbitarchive-5967">[https://web.archive.org/web/20171003051045/https://bitorbit.ltd/?a=about BitOrbit Ltd] (Jan 24, 2022)</ref>

	[https://twitter.com/BitOrbit_Ltd BitOrbit (@BitOrbit_Ltd) \| Twitter] (Jan 24)		<ref name="bitorbitltdtwitter-5968">[https://twitter.com/BitOrbit_Ltd BitOrbit (@BitOrbit_Ltd) \| Twitter] (Jan 24, 2022)</ref>

	[https://twitter.com/BitOrbit_Ltd/status/909764578132848640 @BitOrbit_Ltd Twitter] (Jan 24)		<ref name="bitorbitltdtwitter-5969">[https://twitter.com/BitOrbit_Ltd/status/909764578132848640 @BitOrbit_Ltd Twitter] (Jan 24, 2022)</ref>

	[https://twitter.com/adinickvalerie/status/919080999551512576 @adinickvalerie Twitter] (Jan 24)		<ref name="adinickvalerietwitter-5970">[https://twitter.com/adinickvalerie/status/919080999551512576 @adinickvalerie Twitter] (Jan 24, 2022)</ref></references>

Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/bitorbitltdexitscam.php}} BitOrbit LtdIn September 2021, BitOrbit Ltd (not to be confused with the separate BitOrbit social media platform) launched an investment platform, promising that they were registered and set up properly as a mining and trading company. At some point around October 13th, they stopped paying out any funds. The website remained offline until at le..."

2023-01-24T20:59:04Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/bitorbitltdexitscam.php}} thumb|BitOrbit LtdIn September 2021, BitOrbit Ltd (not to be confused with the separate BitOrbit social media platform) launched an investment platform, promising that they were registered and set up properly as a mining and trading company. At some point around October 13th, they stopped paying out any funds. The website remained offline until at le..."

New page

{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/bitorbitltdexitscam.php}}

[[File:Bitorbit.jpg|thumb|BitOrbit Ltd]]In September 2021, BitOrbit Ltd (not to be confused with the separate BitOrbit social media platform) launched an investment platform, promising that they were registered and set up properly as a mining and trading company. At some point around October 13th, they stopped paying out any funds. The website remained offline until at least November, and Twitter also remains, though there has been no update.

This is a global/international case not involving a specific country.

== About BitOrbit Ltd ==
"BitOrbit Ltd is world’s leading high-tech and fastest-growing investment platform founded in 2017 designed to provide excellent opportunity to achieve high potential returns for your investment goals. Through diversification in Bitcoin mining and crypto-currency trading, BitOrbit Ltd offers our investor investment plans with real results and profits. We are the key to your success by investing in our platform where you will receive daily profit based on your investment option."

"ULTIMATE SPHERE OF YOUR INVESTMENTS. BitOrbit Ltd is ready-to-use investment platform made to assist our investors to become part of simplest yet advanced Bitcoin mining and crypto-currency trading Sphere." "The main goal of BitOrbit Ltd is to provide unique and safe platform, which deliver powerful and risk-adjusted maximum investment returns achieving consistent performance through extensive use of technology and relevant infrastructure"

"BitOrbit Ltd., is a registered investment company based in United Kingdom. BitOrbit Ltd has a growing investment leadership into Blockchain businesses and cryptocurrency trading industry with modern and safe management services. Our Company focuses to offer promising and stable return on daily basis with instant withdrawals." "BitOrbit Ltd welcomes all users to participate in our powerful and incredible affiliate program to earn lucrative commissions by spreading word about BitOrbit to your affliates, friends, relatives, associates and avail handsome perks."

"could you check for my account, it no pay for long time (from Oct-15) I have 9 pending withdraw, my account: kencosmos" "Last time payment was october 13th, possibly SCAM.. carefull"

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

* Known history of when and how the service was started.
* What problems does the company or service claim to solve?
* What marketing materials were used by the firm or business?
* Audits performed, and excerpts that may have been included.
* Business registration documents shown (fake or legitimate).
* How were people recruited to participate?
* Public warnings and announcements prior to the event.

Don't Include:

* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
* Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
{| class="wikitable"
|+Key Event Timeline - BitOrbit Ltd Exit Scam
!Date
!Event
!Description
|-
|October 13th, 2017 12:00:00 AM
|First Event
|This is an expanded description of what happened and the impact. If multiple lines are necessary, add them here.
|-
|
|
|
|-
|
|
|
|}

== Total Amount Lost ==
The total amount lost is unknown.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
It is unknown how much was recovered.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?

== Prevention Policies ==
BitOrbit promised unrealistic returns and was lead by an anonymous team. A lightweight framework as we propose could allow for financial innovation without unreasonable burden and fully protect participants.

== References ==
[https://www.youtube.com/watch?v=Jjt81tTRaTM BitPetite - STill PAYING! Worth the investment - Huge Profits - YouTube] (Jan 22)

[https://web.archive.org/web/20171016222254/https://bitorbit.ltd/ BitOrbit Ltd] (Jan 24)

[https://web.archive.org/web/20180809113125/http://bitorbit.ltd/ bitorbit.ltd - Registered at Namecheap.com] (Jan 24)

[https://web.archive.org/web/20171003051045/https://bitorbit.ltd/?a=about BitOrbit Ltd] (Jan 24)

[https://twitter.com/BitOrbit_Ltd BitOrbit (@BitOrbit_Ltd) | Twitter] (Jan 24)

[https://twitter.com/BitOrbit_Ltd/status/909764578132848640 @BitOrbit_Ltd Twitter] (Jan 24)

[https://twitter.com/adinickvalerie/status/919080999551512576 @adinickvalerie Twitter] (Jan 24)