crypto regulations – CryptoLawConsult

AirBit Club Case: A Legal Wake-Up Call on Cross-Border Crypto Scams and U.S. Enforcement Reach

ByShahid Jamal June 21, 2025November 23, 2025

As a crypto lawyer working across international jurisdictions, few cases better illustrate the evolving posture of global regulators than the AirBit Club scandal (2020–2023). Framed as a multilevel marketing (MLM) opportunity for crypto investments, AirBit Club promised financial freedom through automated cryptocurrency trading and mining. Instead, it delivered an elaborate Ponzi scheme that exploited trust, ignorance, and cross-border financial gaps—especially in Latin America.