BitradeX is a fraudulent "AI trading bot" investment platform operating as a Ponzi/pyramid scheme. Users buy fixed-term "AiBot" plans; early "profits" are withdrawable to build trust. On May 7, 2026 I deposited 11,999.13 USDT (ERC-20) to the BitradeX deposit address 0xa0903a068Ed85B2B794b0CF738a89eaa142B1aD8 (tx 0xb0080e8391483c28e08062871ad37e3399307aebc3dd2cc78763d0a3a7a4959f). In late August 2026 the platform froze all withdrawals citing an "update"; on Sep 15, 2026 the bot stopped, spot balances vanished and principal was locked. The platform now only offers to convert balances into an internal, non-withdrawable token (USDX), or to "unlock" funds by requiring more deposits and recruiting new referral investors - its official notice ties daily unlocking to "new investment principal from direct/indirect referrals", confirming a pyramid structure. On-chain, deposits are swept within seconds to the collector wallet 0xb8001c3ec9aa1985f6c747e25c28324e4a361ec1, which aggregates funds from many victims. The deposit address is labelled "Cobo. User" on the OKX explorer and was funded by "Cobo: Deposit Funder 2" (Etherscan). A police report has been filed in Brazil.