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Business Profile

Tech Support

VBit Technologies, Inc

This business is NOT BBB Accredited.

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Complaints

Customer Complaints Summary

  • 3 total complaints in the last 3 years.
  • 1 complaint closed in the last 12 months.

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The complaint text that is displayed might not represent all complaints filed with BBB. Some consumers may elect to not publish the details of their complaints, some complaints may not meet BBB's standards for publication, or BBB may display a portion of complaints when a high volume is received for a particular business.

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Complaint status

Complaint type

  • Initial Complaint

    Date:11/23/2022

    Type:Service or Repair Issues
    Status:
    Unanswered
    Resolved:
    The complainant verified the issue was resolved to their satisfaction.
    Unresolved:
    The business responded to the dispute but failed to make a good faith effort to resolve it.
    Answered:
    The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.
    Unanswered:
    The business failed to respond to the dispute.
    Unpursuable:
    BBB is unable to locate the business.
    I am ****** **  (Plaintiff), brings Complaint against defendants advanced VBIT Technologies Corp. (VBIT Tech), VBIT Mining LLC (VBIT Mining), *************** Group (***************), ************* a/k/a *** ************* (********), *************** (********), *********************** (************), *********** (**. **** and ************* (********** and, together with the foregoing defendants, the Defendants), for violations of federal securities laws and Delaware law. In support of this Complaint, I alleges the following:1. In a rug-pool scheme that unfortunately has become common in the cryptocurrency industry, Defendants used the lure of profits from the mining of Bitcoin to defraud investors, including me 2.Defendants scheme was: they appear to have offered and sold unregistered securities composed of products. and services that did not exist in the form they said it did and, when their scheme inevitably unraveled, they left ME high and dry 3. As a result of Defendants fraudulent scheme, I have been damaged in the principal amount of $103,011.94 US. plus interest, lost profits, and other damages.4. Specifically, between March 29 2022 and February 22, 2022, I entered into 2 separate agreements with Defendants would purportedly host physical Bitcoin mining equipment at facilities it owned, I paid $103,011.94US for defendants purported hardwares charges and  “hosting”services fees.5-June 29, 2022 Defendants no longer service in USA Market. The Defendants had breached the contracts, have engaged in securities fraud and common law fraud, in violation of Delaware law and the Securities Exchange Act of 1934 (the Securities Act). Further, ********* ********* ************* **. *** and ********** (the Individual Defendants) are all culpable participants in Defendants fraudulent scheme, committing acts of misfeasance such that the Individual Defendants should be held personally liable for the misconduct of VBIT Tech, VBIT Mining, and ******** ****** (collectively, the Entity Defendants).

VBit Technologies, Inc is NOT a BBB Accredited Business.

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