HotNews No. 127: Bit Klever Token – Another “Boris CEO” MLM Crypto Ponzi Scam from Eastern Europe

Bit Klever Token (BKT) is yet another crypto MLM scam promising high daily returns without any real foundation. It is presented as a leading tech company in trading, blockchain, AI, and gaming, but behind the scenes lies a classic pyramid scheme.

How does it work?
Investors put in Tether (USDT) and are promised daily returns ranging from 0.6% up to 2%, depending on the invested amount (from 100 to 100,000 USDT). However, the money does not come from actual products or services — Bit Klever has no retail products, and the entire business relies on recruiting new members and their investments.

“Alan Clarke” – a fictitious CEO or so-called Boris CEO
The claimed CEO, “Alan Clarke,” does not exist in reality. He is just an actor with an Eastern European accent hired to make the scam look credible. Such fake leaders, known as “Boris CEOs,” are commonly used in scams originating from Russia, Ukraine, or Belarus.

Registered in the UK — why this is a red flag?
Bit Klever Limited is registered in the UK, where MLM rules are very lax, and the FCA regulator does not actively oversee MLM securities fraud. This allows scammers to legalize fake companies and attract investor trust.

Payment structure and MLM commissions
Bit Klever uses complex MLM structures — binary teams and unilevel plans — to pay daily returns and recruitment commissions. While the promises seem attractive, all profits come solely from new investments.

What happens when the chain breaks?
As with all Ponzi schemes, when recruitment slows or stops, the collapse follows. Bit Klever Token will likely switch payments to its own BKT token or disappear entirely, leaving most investors with losses.

Conclusion and warning
Bit Klever Token is a classic MLM Ponzi scam — no real products, no verifiable owners, just fake stories and complicated payout plans based on new investments. Be cautious and never invest in companies that hide who runs them and offer no real products or services.

Your DefendMe Team