Welcome to our 8Bit LTD Scam Warning, in which we investigate the website which used to be found at 8bit.ltd.
Recently, one of our partners received the following complaint from a Nigeria person who claims to have been scammed for $150:
I was lured to this investment site called 8bit.ltd, where I was told to invest in Bitcoin and receive double the amount of BTC deposited within a month, specifically March 2023. I chatted with the agent, who assured me it was risk-free. Consequently, I invested all the Bitcoin I had on March 14th, hoping that after a month, I would receive my investment back with profit. However, in April, the site closed down and took all the money with them.
The website 8bit.ltd is no longer online, which indicates it was probably a scam. Let us see what information remains about this website.
8bit.ltd Review
The domain 8bit.ltd was registered through NameCheap, Inc. on February 16, 2017, was last updated on January 16, 2020, and is set to expire on February 16, 2027. It is protected by a privacy service provided by Withheld for Privacy ehf, an Iceland company, and by DDoS-Guard Corp, a company that provides DDoS protection and web hosting services.
It is ranked 445,515 globally and 26,418 in Indonesia. According to SimilarWeb, it received more than 85,000 visits in March 2023 from Indonesia, Turkey, Venezuela, Ukraine, Russia, and other countries.
Their Semrush Authority Score is 10% and they have 3.4 million backlinks (!) from 1.2K domains.
So 8bit.ltd was a moderately popular website, which makes it quite a devastating scam for so many people, who probably are wondering how they can recover the funds they have invested through the website.
That’s why we’re here.
But before we get to that, let us see what additional information still exists about them.
Based on pages of the site that are still indexed on Google, we learn that 8bit.ltd was a multi-purpose platform for cryptocurrency investment with an autopilot feature. The platform offers various contests and promotions to encourage investment. The website also offers users to buy and sell different cryptocurrencies at different prices.
They offered various investment packages and features such as a referral system, a free coins faucet, and an investor guide, and have been operational since at least 2018 with a loyal user base.
According to a cached version of the website, 8Bit has branch offices located in various countries including the British Virgin Islands, the United Arab Emirates, Seychelles, Singapore, and Australia. The head office, accounting department, and logistics are located in the British Virgin Islands at Intershore Chambers, Road Town, Tortola.
The other branch offices specialize in different areas such as software development, cryptocurrency analysis and market research, marketing, and customer care.
The company is registered under the BVI (British Virgin Islands) Company Number 1950683 and has a D-U-N-S number of 815498228 in the Dun & Bradstreet catalog.
The contact phone number for the BVI office is +381 21 4872 303 (a valid Serbia number and not a BVI number which should have a country code +1), and working hours are 07.30 A.M. – 03.30 P.M. (UTC +0).
Unfortunately, verifying a BVI company number requires submitting a completed Search Request Form (R820), which includes the instructions and applicable fees. Once the form is submitted, the search report will be sent within 24 hours.
Pixel Softworks Engineering Limited
We were able to verify however that Pixel Softworks Engineering Limited, a company with a D-U-N-S number of 815498228, is based in Road Town, Tortola, British Virgin Islands, and is involved in investment holding companies, except banks.
The copyright line on 8bit.ltd used to read “©8Bit.ltd ©PIXEL SOFTWORKS ENGINEERING 2017-2023.”
According to DNB.com, Pixel Softworks Engineering Limited is a company based in Victoria, Mahe, Seychelles that operates in the computer systems design and related services industry, specializing in computer software development and applications. Its key principal is Mario Enrique Flores, who is the proprietor and director of the company. The company’s website is www.8bit.ltd. There is no information available regarding the company’s revenue or when it was started or incorporated.
Here are links to their Telegram bot and official channel.
They also have a Facebook page, in which 8bit.ltd recently announced that they will close refunds and compensations on the 30th day of this month due to limited funds. Partners and investors are required to send their refund requests before the deadline. They must also pay a 5% release fee on the total deposit. The company reminds investors to provide correct information to avoid delays, as their support and finance department is limited. The website will be shut down, and they have added USDT as a refund currency.
Some investors have reported receiving refunds, while others have been banned for using multiple accounts, which is prohibited under the terms and conditions.
8Bit LTD Reviews
According to BeerMoneyForum.com, 8bit.ltd was an online investment platform that offered a 115% return in 30 days. Users could deposit and cash out using PerfectMoney, Payeer, Advcash, and cryptocurrencies with a minimum cashout of $1 or 0.0005 BTC and a minimum deposit of $20 or 0.005 BTC. However, it seems that the platform turned into a scam in early 2023, with users reporting that they were not receiving payments and that the site was unreachable. Some users also reported that the company was asking for additional funds to unlock withdrawal limitations but not providing any services in return. As of April 2023, 8bit.ltd appears to be considered a scam, and users are advised not to invest any money in the platform.
According to investors-protect.com, 8bit.ltd was a high-yield investment program (HYIP) that claimed to offer 500% to 5000% returns per year. However, it is now labeled as “NOT PAYING,” which indicates that it has stopped paying out and could be a scam. The platform claimed to offer a risk-free autopilot investment service, but it has since stopped paying out to its investors. Multiple sources in the given text have changed the status of the platform to “Not Paying.” The user comments show mixed opinions about 8bit.ltd. Some users reported successful withdrawals and payments, while others claimed the platform is not paying or is a scam. Here are some selected comments:
- A user reported a successful withdrawal of 0.02261188 LTC (≈ $2.13) on 2023-02-28.
- Another user warned not to invest in the platform anymore, calling it a scam site and accusing them of robbing honest people.
- A user shared an instant payment experience of 7.79 USD received on 2023-11-15.
- One user mentioned they had just made a successful Bitcoin withdrawal and received the payment.
- A user expressed dissatisfaction with the platform, saying it’s not paying.
On TrustPilot Pixel Softworks Engineering LTD has a TrustScore of 2.5 out of 5 based on 143 reviews. The breakdown of reviews is as follows: 65% are 5-star, 6% are 4-star, less than 1% are 3-star, 1% are 2-star, and 27% are 1-star.
A significant number of 1-star reviews accuse the company of being a scam, with customers losing large sums of money. These reviewers claim to have been lured into investing, only to find that withdrawals were ceased, leaving them unable to access their funds. The company has also been accused of requesting a 5% fee for investments on Facebook to collect more funds from unsuspecting individuals. Some reviewers have reported the company to authorities and called for legal action.
Users reported issues related to withdrawals, support, and overall service. Many users claim the company is a scam and warn others not to invest. Complaints include delayed or non-existent withdrawals, unresponsive support, and a lack of transparency. Some users have called for a class-action lawsuit against the company.
Pixel Softworks Engineering LTD has replied to some of the reviews, suggesting that users contact their support team at 8bsupport.com for assistance.
The 8bsupport.com website, which is also down, offered a support center for users of the 8bit platform. The site provided information on topics such as making deposits, handling transactions, the XP progress and rank system, and withdrawing funds from account balances.
Bottom Line
In conclusion, 8bit.ltd appears to have been an online cryptocurrency investment platform that turned into a scam in early 2023.
The website is no longer online, and many users have reported issues with withdrawals, support, and overall service.
A significant number of negative reviews on TrustPilot further emphasize the allegations against the company. Pixel Softworks Engineering LTD, the company behind 8bit.ltd, has replied to some reviews, suggesting users contact their support team at 8bsupport.com, which is now also inaccessible.
Given the numerous complaints and the website’s current inaccessibility, it is strongly advised not to invest in or engage with this platform in case they resurface in the future.
If you are a victim of these scammers, please let us know by commenting below and if you have lost a significant amount of money to online scams, such as 8Bit.LTD, do not lose hope. We can help you recover your funds!
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