Ponzi & Scams
By Evie Vavasseur
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No License, No Register, Four Domains Flagged. Yepbit marketed itself as a global digital-asset and futures trading platform.
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Philippines Already Moved Against Yepbit Earlier. ASIC isn't the first regulator to flag Yepbit. The Philippine Securities and Exchange Commission…
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6,900 Sites Down in a Year. ASIC's Yepbit warning fits into something much bigger.
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Australia's financial watchdog came out swinging this week. The Australian Securities and Investments Commission issued a public warning against Yepbit, a platform that told…
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The regulator was blunt: it hadn't taken any action that would stop Yepbit from returning money to its users.
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Yepbit marketed itself as a global digital-asset and futures trading platform. But it's not licensed to provide financial services in Australia.
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ASIC moved to have several Yepbit-linked websites taken down and added four domains to its Investor Alert List: yepbit6.com, ybtaa.com, yepbit.xyz, and yepbit.net.
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Who actually controls Yepbit? Unclear. The regulator hasn't said, probably because it doesn't know either. That opacity is pretty much standard for these kinds of operations.
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ASIC isn't the first regulator to flag Yepbit. The Philippine Securities and Exchange Commission got there first, issuing a cease-and-desist order against Yepbit and Fidelity…
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So by the time ASIC went public, Yepbit had already been called out in another jurisdiction.
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Related: Twenty One Capital Sits on $2.77 Billion in Bitcoin While Stock Trades 44% Below
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ASIC's Yepbit warning fits into something much bigger. In the year ending June 2025, the regulator pulled approximately 6,900 fraudulent websites.
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ASIC hasn't said how many complaints it received about Yepbit specifically. It also hasn't put a dollar figure on total investor losses from the platform. No details on that.
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The broader regulatory picture in Australia is tightening. Providers dealing in financial products had a deadline to enter the Australian Financial Services licensing process,…
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But harder isn't impossible. Yepbit apparently operated without a license, without appearing on any register, and still managed to attract investors.
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