Cryptocurrency investments promise quick riches and financial freedom. If WhatsApp groups and high-return promises pulled you toward Beldex, this guide is your wake-up call.
Let’s dive deep into Beldex and its controversial partner, Aarman.
What Is Beldex Coin?
Beldex is a privacy-focused cryptocurrency launched in 2018. The project claims to offer anonymous transactions through Blockchain technology.
Sounds legitimate, right?
But here’s the problem. According to CoinMarketCap, Beldex exchange is registered in Estonia under license number 14742834.
However, the actual operations trace back to multiple locations. Hong Kong, Malaysia, Seychelles. Too many addresses for one company.
According to Medium, the project was conceptualised in 2017 and officially conducted its ICO from May through August 2018. Yet after nearly seven years, the coin has failed to gain mainstream adoption.
All these confusing details already raise a lot of questions.
But things get even more concerning when you look at the people linked to the project. That’s where the Aarman-Beldex MLM connection comes in.
Beldex Coin Real or Fake
When it comes to judging the reliability of Beldex Coin, the picture is far from clear. While the project presents itself as a legitimate privacy-focused cryptocurrency, several concerns about its associated platform, Aarman, raise hard-to-ignore questions.
Ever heard of Aarman?
It’s supposedly a “staking platform” for Beldex. According to BehindMLM, 99% of Aarman’s website traffic originates from India.
Despite claiming to be an international Hong Kong-based company, this is suspicious.
Moreover, according to Trustpilot, one Indian user questioned: “I have recently joined the company, I have just gone through the review, so all the reviews are from Tamil Nadu, India only. Since this is an International brand and a Hong Kong-based company, why is there a single review not available from other countries?”
This indicates fake reviews and coordinated promotion. Classic MLM red flag.
Is Beldex Coin a Ponzi Scam?
Aarman’s investment offers, as reported by The Millionaire Drive Blog, include:
- Tiers requiring 5,000 to 50,000 BDX
- 4% to 3.25% monthly returns
- 200% to 450% lump-sum pay-outs after 3–5 years
These kinds of returns are extremely difficult for any legitimate business to sustain long-term.
BehindMLM also notes that half of all commissions must be reinvested, meaning users can’t freely withdraw their own earnings, a structure that often traps participants inside the system.
The scheme operates through a binary compensation structure.
You recruit two people. They recruit two more each.
The pyramid grows. According to BehindMLM, Aarman pays commissions ranging from 6% to 12% based on your rank and tier.
According to BehindMLM, the site lists “a Hong Kong factory building as their corporate HQ” and “a marketing office in Kuala Lumpur” which is “just a random office tower.”
Fake addresses confirm fraudulent intent.
Is Beldex Safe?
The issues don’t end with suspicious traffic patterns, unrealistic returns, and MLM-style recruitment.
There have also been real-world complaints filed with law enforcement.
The image above is a tweet from the Avadi Police Commissionerate (Tamil Nadu, India).
In the tweet, the police state that on 17 May 2023, an FIR (First Information Report) was registered by the Cyber Crime Police Station, Avadi.
The case involved an alleged cheating amount of ₹13,50,000 under the pretext of trading in Beldex cryptocurrency through a platform called the Global Crypto Community (GCC) Hub.
An FIR is a formal police complaint in India, meaning authorities found the matter serious enough to start an official investigation.
Cases like this don’t necessarily prove wrongdoing by Beldex directly, but they do show that its name is being used in schemes leading to reported financial losses, adding another layer of doubt for potential investors.
Beldex Coin Complaints
Let’s categorise cryptocurrency complaints in India by the end users:
1. Withdrawal Problems
According to Reviews.io, one investor shared: “I invested through an online trading platform that initially seemed legitimate.
However, my situation changed when I tried to withdraw my earnings.
My account was suddenly placed under review, and I was pressured to pay additional clearance fees.”
Withdrawal blocks are classic scam tactics. They take your money but won’t return it.
2. Coordinated Fake Reviews
According to Trustpilot, when questioned about reviews all coming from Tamil Nadu, no satisfactory answer was provided.
According to BehindMLM, “thousands of employees are all from Tamil Nadu.” The LinkedIn profiles show the same pattern.
This indicates organised fraud targeting specific Indian communities. Farmers, daily labourers, and middle-class families. All vulnerable groups.
3. MLM Pressure and Recruitment
According to BehindMLM, one concerned individual wrote: “Some of the Beldex products like BCHAT etc, are banned in INDIA, it’s just another Crypto MLM Scam.
Sir, please, one small post or short video on these crypto MLM scammers, they are scamming innocent farmers and daily labourers about crypto investments.”
4. Balance Displaying Incorrectly
Wrong balance shown after reinstallation or rescan.
According to Chrome-stats.com, one user stated: “Like previously intimated, I tried by reinstallation, still old balance and wrong transactions only showing.”
Imagine seeing the wrong balance in your wallet. You don’t know if your money is safe or gone.
In all, Beldex coin is not only unsafe but illegal in India too.
So, before you plan to invest, consider these parameters to protect yourself from financial & emotional distress
How to Report Beldex-Aarman Fraud?
If you know how to identify fake cryptocurrency, or have you already lost money due to such a crypto ponzi scheme? Act immediately:
- File a Complaint in Cyber Crime
- Report to the Financial Intelligence Unit (FIU): For suspicious transactions
- Lodge an FIR with the Local Cyber Crime Cell
Save everything. Document thoroughly.
Need Help?
Lost money in the Beldex or Aarman scheme? Register with us immediately.
Our expert team specialises in cryptocurrency fraud recovery. We’ve helped hundreds of Indian victims recover their investments.
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Conclusion
Beldex operates through MLM platforms like Aarman, targeting vulnerable Indians.
The price crash from ₹7 to ₹3 destroyed countless investments. According to BehindMLM, 99% of traffic comes from India despite claiming international status.
The forced reinvestment requirement, fake addresses, impossible return promises, and concentration in Tamil Nadu reveal coordinated fraud.
Moreover, according to Beldex’s own admission, BDX has “no intrinsic value.”
RBI, SEBI, and cyber experts have repeatedly warned against such schemes. An Estonian license doesn’t guarantee legitimacy. Offshore registration enables easy exit scams.
According to BehindMLM, when recruitment dries up, “Aarman will collapse, leaving most participants with empty wallets.”
