CONSOB’s documented action against Bitex360 is not a new 2023 or 2026 warning. The relevant measure is CONSOB Resolution No. 20461, dated 31 May 2018, with the warning-list entry reported on 4 June 2018. It named KM Media Ltd, operating through bitex360.com, for offering investment services to the Italian public without the required authorization.
That is a serious regulatory warning, but it is more precise than calling Bitex360 a proven criminal scam. The available records do not establish a criminal conviction, a court finding of fraud, or that every customer transaction was fraudulent.
What CONSOB actually warned about
CONSOB, Italy’s securities regulator, took action against KM Media Ltd in 2018. The company was associated with the website www.bitex360.com. The issue identified in the available regulatory reporting was the offering of investment services to Italian residents without the authorization required under Italian law.
| Detail | Verified information |
|---|---|
| Regulator | CONSOB |
| Resolution | No. 20461 |
| Resolution date | 31 May 2018 |
| Warning-list date | 4 June 2018 |
| Named entity | KM Media Ltd |
| Associated website | bitex360.com |
| Regulatory concern | Offering investment services to the Italian public without the required authorization |
Online articles often shorten this to “CONSOB warned against Bitex360.” That wording identifies the brand readers recognize, but the formal regulatory reference was to the legal entity and its website.
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Why some articles incorrectly date the warning to 2023
A frequently cited article titled “Italian regulator CONSOB warns against Bitex360 broker” was published or updated by 55brokers on 11 May 2023. The article discusses the older CONSOB warning; it does not establish that CONSOB opened a new Bitex360 proceeding in 2023.
Therefore, a headline saying that CONSOB “has just warned” against Bitex360 is misleading unless it clearly explains that the underlying action dates from 2018. As of the records reviewed for this article, the verified historical action remains the KM Media Ltd and bitex360.com warning from that year.
Was Bitex360 blocked by CONSOB?
There is no verified basis in the reviewed sources for saying that CONSOB issued a website-blocking order against Bitex360.
The timing matters. CONSOB says its authority to order Italian internet providers to block websites belonging to abusive financial intermediaries comes from the Growth Decree, Law No. 58 of 28 June 2019. CONSOB’s website-blocking program began in July 2019. The Bitex360 action identified here predates that authority by roughly a year.
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That does not prove that the website remained accessible, nor does it say anything about whether a third party later restricted access. It means only that the 2018 warning should not be described as a CONSOB blocking order without separate evidence.
Is Bitex360 a scam?
The safest answer is that Bitex360 was the subject of a serious warning for allegedly offering investment services in Italy without the required authorization. That is enough reason for an investor to avoid sending money or personal documents until the operator’s authorization can be independently verified.
However, the available regulatory wording does not prove that Bitex360 was convicted of a crime or that all customer activity was fraudulent. “Scam” is a broader conclusion than the documented CONSOB finding. A careful consumer article should distinguish between:
- Verified: CONSOB identified KM Media Ltd and its website in connection with unauthorized investment-service activity aimed at the Italian public.
- Not established by the reviewed records: a criminal conviction, a court finding of fraud, or fraud in every individual customer transaction.
Third-party reporting has described KM Media Ltd as based in the Marshall Islands and noted a United Kingdom telephone number on the website. Those details were not independently confirmed here through a current corporate registry or a live Bitex360 website, so they should not be treated as current corporate facts.
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What the website’s current status tells investors
A direct request to https://www.bitex360.com timed out during the research for this article. A third-party review updated in January 2025 said the website appeared inactive.
Neither observation proves that the business permanently closed, changed its name, or moved to another domain. Website downtime is not a regulatory clearance, and it is not proof of a successor operation. No verified source reviewed here establishes that Bitex360 currently operates under another brand.
Likewise, the fact that Bitex360 does not appear among newer entries on CONSOB’s current latest-warnings page should not be interpreted as a rescission, approval, or clearance. A historical warning can remain relevant even when it is not displayed in a current-news list.
How to check an investment platform before depositing
Do not rely on a broker’s logo, registration number, address, or claims that it is “regulated in Europe.” Check the regulator and the exact legal entity yourself.
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- Identify the legal entity. Record the company name, website domain, license number, country of authorization, and any regulator named in the platform’s legal documents.
- Search the regulator’s register. For an Italian customer, check CONSOB’s authorized-intermediary information and warnings. Search both the brand and the legal entity.
- Match the service. Authorization must cover the service being offered. A company authorized for one activity is not automatically authorized to provide brokerage, derivatives, portfolio management, or crypto-asset services.
- Check the domain. Confirm that the website you are using is the domain associated with the authorized entity. Fraudulent websites sometimes copy the details of a legitimate firm.
- Check required documents. CONSOB advises investors to verify whether the required prospectus or, where applicable, crypto-asset white paper has been published.
- Stop when facts do not match. A pressure call, guaranteed returns, requests for cryptocurrency-only deposits, or demands for extra “tax” or “release” payments are reasons not to proceed.
If you already sent money to Bitex360
Act quickly, but be skeptical of anyone promising to recover the funds for an upfront fee. Recovery scammers often target people who have already lost money.
- Stop sending additional deposits, “taxes,” verification fees, or withdrawal charges.
- Save account statements, emails, chat logs, wallet addresses, payment confirmations, telephone numbers, and screenshots.
- Contact your bank, card issuer, payment provider, or cryptocurrency exchange immediately. Ask what recall, chargeback, fraud-reporting, or account-freezing options are available.
- Change passwords that were shared with the platform or reused elsewhere. Enable two-factor authentication and check for remote-access software installed during support calls.
- Report the matter to the relevant Italian authorities and provide the evidence. If you are outside Italy, notify your local financial regulator and law-enforcement agency as well.
- Do not pay a supposed regulator, lawyer, recovery agent, or “blockchain investigator” merely because it claims to have located your funds.
Bottom line for prospective customers
The verified CONSOB action connected with Bitex360 is the 2018 warning against KM Media Ltd and the website bitex360.com for offering investment services to the Italian public without the required authorization. It was not identified in the reviewed records as a new 2023 or 2026 warning, and it should not be described as a website-blocking order.
For a consumer, the practical conclusion is straightforward: do not deposit money with a platform linked to that warning unless an official regulator’s current register independently confirms the operator, its identity, and authorization for the exact service offered. The absence of a current website or a recent warning-list entry does not amount to regulatory approval.
Sources reviewed include CONSOB investor guidance and warnings information, CONSOB Resolution No. 20461, and third-party reporting from Binary Option Europe and 55brokers. Third-party corporate and contact details are identified as such above.
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FAQ
When did CONSOB warn against Bitex360?
The identified action is CONSOB Resolution No. 20461 of 31 May 2018. The warning-list date is reported as 4 June 2018.
Which company did CONSOB name?
The regulatory action named KM Media Ltd, operating through the website bitex360.com. “Bitex360” is the brand commonly used in online summaries.
Did CONSOB prove that Bitex360 was a criminal scam?
The available records establish a warning concerning the offering of investment services to the Italian public without the required authorization. They do not establish a criminal conviction, a court finding of fraud, or fraud in every customer transaction.
Did CONSOB block the Bitex360 website?
No verified source reviewed for this article establishes a CONSOB website-blocking order against Bitex360. The identified warning predates CONSOB’s website-blocking authority, which began in July 2019.
What should I do if I deposited money with Bitex360?
Stop sending money, preserve all records, contact your bank or payment provider immediately about possible recovery options, secure your accounts, and report the matter to the appropriate authorities. Be wary of recovery services demanding an upfront payment.
Does Bitex360’s absence from a current CONSOB latest-warnings page mean it was cleared?
No. A current latest-warnings display is not proof that a historical warning was withdrawn or that a platform is authorized. Verify the operator and its services in the regulator’s current register.
The Bottom Line
Bottom line: CONSOB’s verified Bitex360-related action dates to 2018 and concerned KM Media Ltd’s alleged unauthorized offering of investment services in Italy. Treat the warning as a major red flag, but do not turn it into an unsupported claim of criminal fraud or a website-blocking order. Before investing, verify the exact legal entity, domain, license, and permitted services directly with the relevant regulator.
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