Arkbit Review: Scam Or Legit? | Recover Lost Funds

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Is Arkbit a scam? How to recover funds from Arkbit? Find the answers to all these questions and more in this guide.


Arkbit has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Banqiro. We’ve received over 4 complaints against Arkbit.

Arkbit, a putative financial organization, raises worries about its elusive ownership and dubious CEO names. The supposed founder, “Thomas Brewer,” is actually Michael Wolfe, a US actor. With the website domain registered in 2021 and social media profiles launched in 2022, doubts regarding its origins remain. The investment structure, which promises returns over 120 days, along with the lack of regulatory permits, indicates Ponzi tendencies. In the lack of a watchdog or regulatory licensing, victims are left vulnerable, highlighting the importance of prudence. Arkbit’s opaque tactics and suspected securities fraud highlight the risks of dealing with unregulated firms.

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Key Takeaways

Arkbit has lost investors thousands of dollars
Arkbit website owner is anonymous
Vague terms of service

Is Arkbit Regulated? Do They Have a License?

Arkbit, a financial institution claiming to provide investment opportunities, raises obvious concerns about the lack of genuine ownership and executive information on its website. A deeper look reveals that “Thomas Brewer” is the identity of US actor Mike Wolfe, best known for his single professional credit in the 2019 short film “Sugardaddy.” The uncertain authenticity extends to other CEOs listed on Arkbit’s site, raising concerns about their integrity.

Arkbit homepage

Furthermore, looking at the website’s domain history, “” was first registered in September 2021, with private registration details last updated on November 28th, 2022. The creation of Arkbit’s social media profiles in late 2022 shows that the domain was obtained by the putative proprietors around the same time.

While Boris CEO Ponzi schemes are frequently traced back to Eastern Europe, determining Arkbit’s origin remains difficult. This lack of information about leadership and potential origins highlights the importance of exercising caution while considering cooperation with Arkbit.

The lack of regulation or the presence of poor regulation is a huge red flag. It means Arkbit is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of Arkbit, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:

  • Does the investment provider maintain transparency about its CEO?
  • Do they have a license from a renowned regulatory authority?
  • If the need arises, can I reach out to an authority to report this company as a scam?


Trading Conditions and Deposit/Withdrawal Methods at Arkbit

Arkbit affiliates invest in USD cryptocurrency equivalents with predicted returns over a 120-day period, separated into tiers:

  • Novice: Invest $50 to $4999 with a daily return of 1.6%.
  • Plus: Invest $5,000 to $9999 for a daily return of 1.9%.
  • Proficient: Invest $10,000 to $24,999 with a daily return of 2.2%.
  • Supreme: Invest $25,000-$49,999 for a daily return of 2.5%.
  • Exclusive: Invest $50,000 for a daily return of 2.5% (equivalent to Supreme).
  • Elite: Invest $75,000 with a daily return of 3%.
  • Premium: Invest $100,000 with a daily return of 3.5%.
  • Ultimate: Invest $150,000 with a daily return of 4%.
Arkbit homepage

Affiliates get 6% to 7% referral commissions on funds invested by directly recruited affiliates, based on tier.

  • Referral commission of 6% from novice to supreme.
  • Exclusive or above: 7% referral commission.

Residual commissions follow a binary compensation scheme. Affiliates are positioned at the top of a binary team that is separated into two halves (left and right). The binary team grows with each stage, accommodating twice the number of places as the previous one.

Affiliates receive 10% of new investment volume on their weaker binary team side at the conclusion of each pay period, while the remaining volume on the stronger side is carried over. Although Arkbit does not specify the pay period, popular lengths include daily, weekly, and monthly cycles.

Affiliate membership is free, however full participation in the earning potential requires a minimum investment of $50, which is accepted in bitcoin, ethereum, dogecoin, and Litecoin.

Arkbit does not offer any retail products or services, thus affiliates are limited to promoting Arkbit’s affiliate membership.

However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:

  • A technical error
  • A glitch in their system
  • Banking issues
  • A “hacking attack”

And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.


Arkbit Customer Service: Do They Handle Complaints Well?

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

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Arkbit Reviews: What Do Others Say?

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like Arkbit tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust Arkbit reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of Arkbit, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like Arkbit enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “Arkbit reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Arkbit.

Arkbit reviews coverage

You should always look out for consumer complaints. In the case of Arkbit, the most common complaints I found were about:

  • Poor customer support
  • Delays in payments
  • High fees and charges
  • Lack of transparency regarding their leadership team
  • Aggressive sales staff

Do you have a similar complaint about Arkbit? You can share your complaint in the comment section or submit an anonymous tip.


Is Arkbit Legit Or Scam?

Arkbit has the characteristics of a Boris CEO Ponzi operation, with a crypto mining façade. The promise of high daily returns creates concerns, as such earnings are unlikely to last.

Despite claiming an Arkansas office address, Arkbit’s inability to register with the SEC suggests possible securities fraud. The lack of true external revenue creation implies a dependency on fresh investments to compensate existing participants, which is typical of Ponzi schemes. As recruitment declines, Arkbit risks an unavoidable collapse, disproportionately affecting the majority of participants.

Arkbit is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Arkbit can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust Arkbit?

All the evidence suggests that Arkbit is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.


Frequently Asked Questions

Is Arkbit a scam?

According to the online reviews of this company, it’s highly probable that Arkbit is a scam. You should exercise caution when dealing with them.

Can I withdraw money from Arkbit?

Yes, you can withdraw your funds from Arkbit by getting in touch with one our experts. Get your money back immediately.

Where is Arkbit Located?

There is no information available on the location of Arkbit.

How do I get my money back from Arkbit?

To get your money back from Arkbit, you can file a chargeback. Learn more here.

How The Arkbit Online Scam Works

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.

Get Your Money Back Free consultation
If you’ve lost money with Arkbit, we can help you get your funds back. Schedule a free consultation with our team of experts and we will have a look.
An expert will get in touch with you within 48 hours.
Arkbit Review: Scam Or Legit? | Recover Lost Funds
Arkbit Review: Scam Or Legit? | Recover Lost Funds


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