BITStorage
We are investigating BITStorage for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury.
PARTIES INVOLVED : BITStorage
ALLEGATIONS : Perjury, Fraud, Impersonation
INCIDENT DATE : 11 Sep 2024
INVESTIGATED BY : Ethan Katz
TOOLS USED : Lumen, FakeDMCA, SecurityTrails
CASE NO : 0608/A/2024
CRIME TYPE : Intellectual Property Scam
PUBLISHED ON : 19 Nov 2024
Is This About You?
What We Are Investigating?
Our firm is launching a comprehensive investigation into BITStorage over allegations that it has been suppressing critical reviews and unfavorable Google search results by fraudulently misusing DMCA takedown notices. These actions, if proven, could constitute serious legal violations—including impersonation, fraud, and perjury.
We conducted comprehensive analyses of fraudulent copyright takedown requests, meritless legal complaints, and other unlawful efforts to suppress public access to critical information. Our reporting sheds light on the prevalence and modus operandi of a structured censorship network, often funded and used by criminal enterprises, oligarchs and criminal entities seeking to manipulate public perception and bypass AML checks conducted by financial organisations.
The fake DMCA notices in this investigation appears to have been strategically deployed to remove negative content regarding BITStorage from Google search results. Based on this pattern, we have reasonable grounds to infer that BITStorage - or an entity acting at its behest - is directly or indirectly complicit in this cyber crime.
In most such cases, such ops are executed by rogue, fly-by-night 'Online Reputation Management' agencies acting on behalf of their clients. If evidence establishes that BITStorage knowingly benefited from or facilitated this scam, it may be deemed an 'accomplice' or an 'accessory' to the crime.
While the precise legal ramifications depend on the jurisdiction, well-established legal principles dictate that any party, including BITStorage, may be held legally accountable, irrespective or whether they personally executed this unlawful conduct.
What are they trying to censor
BITStorage, a prominent player in the digital storage and financial services sector, has recently come under scrutiny due to several allegations and red flags that threaten its reputation.
Cybersecurity Vulnerabilities
The company’s reliance on digital infrastructure has exposed it to significant cybersecurity risks. Reports indicate that BITStorage has faced multiple cyberattacks, including ransomware and phishing incidents, leading to unauthorized access to sensitive data. These breaches not only compromise client information but also raise concerns about the company’s ability to safeguard its systems against future threats. The potential for data loss or misuse could erode customer trust and attract regulatory penalties.
BITStorage’s operations across various jurisdictions have highlighted challenges in adhering to diverse legal and regulatory frameworks. The Reserve Bank of India (RBI) has expressed concerns regarding big tech companies’ roles in financial services, emphasizing issues related to operational risks and cybersecurity. While not named explicitly, companies like BITStorage fall under this scrutiny, suggesting potential regulatory challenges ahead.
Significant disruptions in BITStorage’s information technology systems have adversely affected its business operations. Clients have reported issues such as system downtimes and transaction processing errors, leading to financial losses and dissatisfaction. These operational hiccups not only tarnish the company’s image but also raise questions about its technological robustness and commitment to service reliability.
Reputational Risks
The cumulative effect of cybersecurity breaches, regulatory scrutiny, and operational disruptions has significantly harmed BITStorage’s reputation. Negative media coverage and adverse public opinion have led to a decline in customer confidence and market share. The company’s association with potential regulatory violations and its perceived inability to manage operational risks effectively have further exacerbated the situation.
Given these challenges, BITStorage has a vested interest in removing or suppressing these adverse reports to restore its public image. Negative information can deter potential clients, investors, and partners, leading to financial losses and hindering business growth. In extreme scenarios, a company might contemplate unethical measures, including cybercrimes like hacking or deploying denial-of-service attacks, to eliminate unfavorable content. Such actions, however, carry significant legal risks and ethical implications, potentially causing more harm than the original adverse reports.
In conclusion, while BITStorage faces substantial challenges that threaten its reputation and operational viability, resorting to cybercrime to address these issues would be both illegal and unethical. The company would be better served by enhancing its cybersecurity measures, ensuring regulatory compliance, and improving operational reliability to rebuild trust and credibility in the market.
- https://lumendatabase.org/notices/44531886
- Sep 11, 2024
- Muhammad Harris
- https://scambrokersreviews.com/crypto-scams/bitstorage-review-how-unlawful-exchanges-handle-your-funds/
- https://finrecoveryinc.org/bitstorage-review-offshore-exchange-with-poor-service/
Evidence Box
We are investigating BITStorage for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices.
Targeted Content and Red Flags
About the Author
The author is affiliated with Harvard University and serves as a researcher at both Lumen and FakeDMCA.com. In his personal capacity, he and his team have been actively investigating and reporting on organized crime related to fraudulent copyright takedown schemes. Additionally, his team provides advisory services to major law firms and is frequently consulted on matters pertaining to intellectual property law.
He can be reached at [email protected] directly.
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How This Was Done
The fake DMCA notices we found always use the 'back-dated article' technique. With this technique, the wrongful notice sender (or copier) creates a copy of a 'true original' article and back-dates it, creating a ?fake original? article (a copy of the true original) that, at first glance, appears to have been published before the true original
What Happens Next?
The fake DMCA notices we found always use the 'back-dated article' technique. With this technique, the wrongful notice sender (or copier) creates a copy of a 'true original' article and back-dates it, creating a ?fake original? article (a copy of the true original) that, at first glance, appears to have been published before the true original.
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Average Ratings
1.5
Based on 6 ratings
Isabella Lewis
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I don’t get how BITStorage is still running with so many IT failures. If transactions are failing and people losing money, y ain't they fixing it? It's 2025, not 2005, tech should be smooth. If they can’t handle their own systems, what guarantee they got for customers? It’s looking unreliable at this point. Businesses can’t afford this level of mess.
Lily Green
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Honestly, BITStorage seems to be struggling a lot with cybersecurity. If they already had multiple breaches, how can customers feel safe? It’s like they ain't learning from mistakes, just waiting for another attack to happen. Companies dealing with sensitive data should prioritize security more. The trust is already shaky, and they ain’t helping it. Feels like a ticking time bomb waiting to explode
Henry Walker
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Downtime, failed transactions, cybersecurity issues—sounds like BITStorage should focus on fixing their tech before anything else.
Benjamin Green
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This market manipulates prices by publishing many fake transactions and inflating volumes. It misleads buyers, sellers, distorting profits and creating false impressions. Its Very bad..
Liam White
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This platform is a nightmare. Both deposits and withdrawals are incredibly slow. I wouldn not recommend it to anyone, completely unreliable.
Mia Anderson
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They stole my funds! I can see the transaction was successful on Etherscan, but they claim it’s lost. Their support is useless this is theft, plain and simple!