What is Piabit (piabit.com)?
Piabit offers online financial services but has no license from trusted financial regulators like the FCA or SEC.
This raises concerns that Piabit may be a scam. We’ll explain why, how these scams work, and what to do if you lost money.
Lost Money To Piabit
If you’ve sent money to Piabit, don’t wait. Fill out the form below to get a free consultation and help from cyber intelligence experts.
Is Piabit Legitimate or a Scam?
Piabit is not registered with any financial authority. This is a big warning sign, as legal platforms must follow strict rules to protect users.
Without regulation, there’s no protection for your funds. If something goes wrong, there’s no guarantee you’ll get your money back.
How Online Scams Work
Online scams use smart tricks to gain trust. One common method is called pig butchering — where scammers build fake relationships to lure victims into fake platforms like Piabit.
Fake Investment Platforms
These sites often show fake profits and use a professional-looking dashboard to look real. They may even let you withdraw small amounts at first to build trust.
But when you try to withdraw more, they may ask for fees or block your account. These are common red flags.
- Unlicensed and unverified company details
- Pushy sales tactics or cold calls
- Promises of quick and guaranteed profits
- Problems withdrawing money
- Fake reviews and endorsements
What to Do If You Got Scammed
If Piabit scammed you, here’s what to do:
- Stop contact: Scammers may try to trick you again with refund promises.
- Contact your bank: Explain you were scammed and ask for help reversing payments.
- Save all evidence: Keep emails, chats, receipts, and account screenshots.
- Report the scam: Inform your local cybercrime unit or financial regulator.
Stick to platforms that are regulated and always check company details before sending money. If something sounds too good to be true, it usually is.