It was supposed to be 100% in just over a month, and most likely there will be a 100% loss. This is a classic of the scam market. This time, as many indications indicate, Hellobit turned out to be this type of trap, which we have already warned about on Bitcoin.pl. How did it work and how is it possible that people still fall for this type of scam?
Hellobit has gone bankrupt?
There are many indications that another suspicious pseudo-crypto project has collapsed – Hellobit, which was associated with TSQ Investment Group. I have already written about the project on Bitcoin.pl, but I will describe it again to remind you how it works.
Hellobit actually did not differ much from many other projects that turned out to be scams. The entire system was based on the constant acquisition of new users. A system of “levels” has also been introduced to determine the degree of success and commitment of a given “leader”. The higher he was in the hierarchy, the greater the share in the profits of his wards he was to receive – in the form of a kind of “dividend”.
However, in order to even start this “sensational” project, it was necessary to make the first payment – a minimum of USD 500. This amount is not low, but is still within the limits typical for similar projects. Now it was just getting… weirder.
Behind Hellobit was TSQ Investment Group, whose task was to acquire new users and encourage them to “invest” on this platform. TSQ sent participants the so-called investment signals that were supposed to indicate what decisions to make. As a result, the entire community operated according to predetermined scenarios, which was supposed to lead to generating common profits. This alone sounds unlikely – and yet the story becomes even more peculiar.
At this point, a “genius” who was supposed to help others get rich, like Robin Hood, enters the scene – Professor Henry Jones. He is a 39-year-old man, presented as a former employee of a large Wall Street investment bank and a high-ranking manager in an American corporation. He was even supposed to serve as deputy director general of SIFMA – an organization associating banks and brokers. Today, he allegedly shares his knowledge, helping investors increase their wealth. His instructions are to be flawless. Of course, provided that they are used only on the Hellobit platform.
How exactly this “brilliant” system worked was described by a user from Spain, who belonged to the TSQ group on Telegram, where Jones regularly published his recommendations. For example, it instructed members to commit 1% of their capital to a bullish position in the BTC/USDT contract at a specific time. To the surprise of many, such transactions actually brought profits. The funds to supply the entire community were supposed to come from them.
However, it quickly turned out that the devil was in the details. As the investor mentioned: although Jones’s signals were often correct, she noticed an anomaly. By comparing Hellobit charts with data from other exchanges, such as Binance, she discovered that just before the transaction, prices were consistent, but when a position was opened, the Hellobit chart often began to show the opposite direction. Everything indicated that the platform manipulated data to make users feel like they were winning.
Moreover, Henry Jones himself remains an extremely mysterious figure – it is difficult to find any reliable information or even a photo of him on the Internet. Yes, there are people with this name and surname operating in the cryptocurrency industry, but none of them is related to Hellobit.
Apparently, only those who have reached the highest level in the project structure have direct contact with the “professor”. The whole thing resembled not so much an investment platform as a sect.
The pyramid falls apart and the pharaoh escapes
Overall, the entire system offered as much as 100% profit in 34 days. On paper, of course, because the entire pyramid fell to pieces on November 3, 2025, when payments were stopped. The creators suddenly disappeared, allegedly robbing several thousand people in our country alone. On a European scale, this number is expected to increase to approximately 100,000.
The fraudsters initially explained that the suspension of withdrawals was due to “attacks on the Ethereum network” or “technical problems”. However, no attack on Ethereum occurred. The organizers simply had to decide that they had already earned enough, the inflow of new “investors” had dropped to dangerous levels, and the project had become too loud. It’s time to escape!
How not to fall for criminals?
So I come back to how to avoid being scammed. And it’s not difficult at all. Just don’t be naive. Red flags include promises of certain, large and easy profits, lack of transparency regarding the owners and leaders who head the structure, or pressure to invite friends to the network.
All Hellobit victims should now report to the police. The services will probably try to track down the leaders of the pyramid.
