Reported as a scam / unregulated
Why XBT is on the register
XBT claims to be a broker regulated by the Securities Commission of The Bahamas (SCB), supposedly holding the license number SIA-F217. However, we haven’t located any corresponding records in the SCB’s register. In addition, the claimed regulatory information, the content, and the graphic designs are similar to other fake brokers previously flagged by BrokersView, such as UNICFDS . This is a big warning sign. In essence, XBT is not regulated by any governing body. Entrusting it with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds. XBT appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.