TL;DR: the short answer
In September 2024 the SEC charged NanoBit Limited and others over an alleged fake crypto trading platform promoted in WhatsApp groups, alleging investors lost funds sent to overseas accounts.
Scambaba rates NanoBit critical risk with a risk score of 9.5/10, last verified 2026-10-24.
Key facts
| Risk score | 9.5 / 10 (Critical Risk) |
|---|---|
| Status | Named in SEC fraud complaint announced September 2024 |
| Category | Crypto / Forex Scam |
| Primary scam vector | Fake crypto trading platform run via WhatsApp groups (SEC fraud complaint) |
| Reported domains |
|
| First listed | 2026-10-24 |
| Last verified | 2026-10-24 |
Red flags reported for NanoBit
- Contact through WhatsApp investment groups led by supposed finance professionals
- Claims that an affiliate is an SEC-registered broker (the SEC alleges this was false)
- Fake initial coin offerings promoted on the platform
- Funds sent onward to overseas bank accounts
- Pressure to keep depositing into an app that cannot be verified with a regulator
Detailed threat analysis
What the regulator says
In press release 2024-134 (17 September 2024), the SEC said it charged multiple individuals and entities in relationship investment scams, including a case against NanoBit Limited and others in the Eastern District of New York. The SEC alleges that, from about October 2023 to at least June 2024, participants posed as financial professionals in WhatsApp groups to win investors' trust and promoted a fake crypto trading platform and fake initial coin offerings. It also alleges they falsely claimed an affiliate, NanobitUS Securities, was an SEC-registered broker. The SEC says more than $2 million was wired to Hong Kong bank accounts and hundreds of thousands of dollars in investors' crypto was misappropriated. The SEC seeks injunctions, disgorgement and civil penalties. The press release does not list website domains. These are allegations in a civil complaint.
How this type of scam usually works
Investment-group scams typically begin with an unsolicited message or an invitation to a chat group where 'experts' share winning trades. Victims are steered to a platform or app that displays fabricated gains, then are asked for more deposits or fees before withdrawals.
How to check a firm yourself
Search the firm on the NFA's BASIC database (for futures and forex) and on the SEC's Investment Adviser Public Disclosure and FINRA BrokerCheck tools. Check the CFTC RED List and SEC investor alerts. Be cautious of anyone who contacted you unprompted, and confirm a firm's registration through contact details you find independently, not those supplied by the firm.
What to do if you dealt with NanoBit
- 01Stop sending money or crypto and do not pay any further fees, taxes or release charges.
- 02Contact your bank or card provider straight away and ask whether the payments can be disputed or recalled.
- 03Report to the FBI's Internet Crime Complaint Center (ic3.gov) and the Federal Trade Commission (reportfraud.ftc.gov).
- 04Report to the relevant regulator: the SEC (sec.gov/tcr) and, for futures or forex, the CFTC (cftc.gov/complaint).
- 05Be wary of anyone offering to recover lost money for an upfront fee; this is a common follow-up scam.
Frequently asked questions
Is NanoBit legit?
The SEC has filed a fraud complaint naming NanoBit Limited and others, alleging a fake crypto trading platform and misappropriation of investor funds. Do not deposit money with it.
Does the SEC say NanobitUS Securities was registered?
The SEC alleges participants falsely claimed that an affiliate, NanobitUS Securities, was an SEC-registered broker.
Sources
- SEC Charges Multiple Individuals and Entities in Relationship Investment Scams (Press Release 2024-134), U.S. Securities and Exchange Commission, 2024-09-17
This report reflects publicly available information and reported patterns as of 2026-10-24. It is an opinion, not a legal determination. Spot an error or represent this entity? See our editorial and corrections policy.