At least four authorities published warnings between May and August 2026.
Alberta Securities Commission: Polar Tensor and its related websites were not registered to trade or advise in securities or derivatives in Alberta.
British Columbia Securities Commission: Polar Tensor was added to the Investment Caution List and identified as not registered with the BCSC.
Autorité des marchés financiers Québec: Polar Tensor was not registered with the AMF and was not authorized to solicit investors in Québec. The warning was categorized under cryptoassets, forex, multi-level marketing and high-risk platforms.
Hong Kong Securities and Futures Commission: Polar Tensor was added to the list of Suspicious Virtual Asset Trading Platforms. The listed platform and associated websites were not licensed by the SFC to conduct regulated activities in Hong Kong.
These notices address regulatory status and investor solicitation. Company registration, a notice filing or an MSB registration is not the same as a licence to provide regulated investment services.
The headline performance figures come from Polar Tensor’s own materials.
Polar Tensor’s website and presentations describe Polar One as an automated trading system using artificial intelligence to trade cryptocurrency markets.
These figures are claims published by Polar Tensor. KOLcheck has not identified a publicly available independent audit verifying Polar One’s full trading history or its claimed average monthly return.
The project’s current technology page publishes some metrics that differ from earlier presentation figures. This page preserves the figures in the materials under review and labels them as project claims, not verified performance.
The referenced document concerns legal and tax structure, not trading performance.
Polar Tensor publicly emphasizes that its legal structure has been reviewed by KPMG. KPMG Panama issued a report concerning Polar Tensor Corp. on 13 February 2026.
The document focuses on Polar Tensor’s legal and tax structure in Panama and was based on information and assumptions provided by Polar Tensor. Under the model described, cryptocurrencies deposited by users are converted into USDT and may then be allocated to an automated trading account. Trading activity was described as being conducted through Binance at the time of the report.
The report does not verify:
- the claimed 22.04% monthly return;
- the actual number of trades or the 3% drawdown figure;
- total client assets or investor account balances;
- the actual performance of Polar One.
The KPMG document therefore relates to legal and tax structure, rather than an audit of trading performance.
Polar Tensor — Legal opinion document
A Form D is a notice filing—not SEC approval of a product or its returns.
On 9 September 2025, Polar Tensor Corp. filed a Form D with the U.S. Securities and Exchange Commission under Rule 506(b) of Regulation D. Felix Bick signed the filing in the capacity of Director.
The filing described Polar Tensor Corp. as a pooled investment fund / hedge fund. At the time it was submitted, the total amount sold was USD 0, the number of investors was 0, the first sale had not yet occurred, and the stated minimum investment from outside investors was USD 100 million.
Form D is a notice of an exempt securities offering. The filing itself states that the SEC has not necessarily reviewed the information and has not determined whether it is accurate or complete.
Trading access is promoted alongside a structured referral program.
Published programs have included referral commissions, membership ranks, group sales volume, competitions based on new deposits and partial refunds of licence fees.
In one 2026 campaign, participants could qualify for a Hong Kong event by generating USD 8,000 in licence-fee sales volume. The stated multi-level sales-volume calculation was:
Polar Tensor also publishes separate documentation for Independent Marketers & Referrers. Its current disclosure limits their stated role to marketing and referrals and says they must not provide investment advice, handle client assets or promise returns.
Polar Tensor — Independent marketers disclosure
A multi-jurisdiction structure does not by itself verify investment performance.
One of the main entities is Polar Tensor Corp., incorporated in Panama on 21 August 2025. Panamanian corporate records reviewed for this profile list Felix Bick as Director / President, Veronica Camaño as Director / Secretary and Rosaura Estela Ramos Aparicio as Director / Treasurer, with authorized capital of USD 10,000.
Polar Tensor describes the entities as performing different functions relating to technology, customers, custody, payments and operations.
Felix Bick
Felix Bick is presented by Polar Tensor as its founder and CEO. His name appears in the corporate records of Polar Tensor Corp. in Panama, the company’s Form D filing with the SEC and several corporate records in Europe.
Some information regarding Felix Bick’s professional history before Polar Tensor has not yet been independently verified through sufficiently strong sources.
The allocation of client, custody and execution roles has been rewritten.
Terms of use effective in 2025 described Polar Tensor Corp. as the investment provider, Polar MSB Inc. as the payment processor and Polar Tensor LAB Limited as the technology provider.
More recent documents describe a more separated structure involving technology, custody, payments and customer relationships. Polar Tensor Corp. in Panama is now described primarily as a technology and execution-infrastructure provider, while other entities handle activities related to clients and assets.
There is currently no publicly available independent data that fully verifies fund flows between the entities within this structure.
Polar Tensor remained active in Hong Kong and Southeast Asia.
After the Hong Kong SFC published its warning on 7 August 2026, Polar Tensor continued to organize activities in Hong Kong from 15 to 17 August 2026, including seminars, a gala and activities related to opening an office.
Project communication channels subsequently continued to publish content about the events, Polar One, referral programs and licence-fee discount campaigns. As of the end of August 2026, Polar Tensor remained active.
Withdrawal status
As of early September 2026, KOLcheck has not identified a sufficiently strong regulatory source showing that Polar Tensor is experiencing a widespread withdrawal crisis. Current regulatory warnings mainly concern registration, licensing and investor solicitation.
Vietnam and Southeast Asia
Polar Tensor has conducted marketing activities targeting Southeast Asia. Online programs have published schedules for participants in Vietnam, Thailand, Malaysia, Singapore and the Philippines. Vietnamese-language promotional content has also appeared.
A complete network of Polar Tensor leaders or promoters in Vietnam has not yet been identified.
From Panama incorporation to multi-jurisdiction regulatory warnings.
Polar Tensor Corp. was incorporated in Panama.
Polar Tensor Corp. filed Form D with the U.S. SEC.
KPMG Panama issued a report relating to Polar Tensor’s legal and tax structure.
The Alberta Securities Commission published a warning.
The British Columbia Securities Commission added Polar Tensor to its Investment Caution List.
AMF Québec published a warning.
The Hong Kong SFC added Polar Tensor to its list of suspicious virtual asset trading platforms.
Polar Tensor continued to hold activities in Hong Kong.
Polar Tensor remained active and continued promoting Polar One and its referral programs.
Active platform, unresolved performance verification and continuing regulatory scrutiny.
Polar Tensor remains active. During 2026, the platform received warnings from at least four regulatory authorities in Canada and Hong Kong while continuing to promote Polar One, its referral program and its international expansion.
Regulatory warnings verify licensing and registration concerns. They do not, on their own, establish a withdrawal crisis or determine civil or criminal liability.
Information not yet independently verified
- the actual performance of Polar One and the basis for the claimed 22.04% monthly return;
- total client assets and the amount of capital actually being traded;
- fund flows between entities within the group;
- Felix Bick’s complete professional history;
- the scale of Polar Tensor’s network in Vietnam.
Editorial disclosure
This profile distinguishes regulator statements, corporate and SEC records, claims published by Polar Tensor and KOLcheck’s identification of evidence gaps. It does not make a finding of civil or criminal liability. Polar Tensor, Felix Bick and other named parties are invited to provide corrections, supporting records or a right of reply.
Public materials reviewed for this profile.
Source-type labels identify who published the material. They do not mean that every statement within a source has been independently verified by KOLcheck.
Regulatory warnings and public filing
Polar Tensor materials
Source transparency
First-party materials are used to document what Polar Tensor represented about its technology, performance and structure. Official regulator pages and the SEC filing are used for registration, warning and filing facts. Missing independent verification is identified explicitly rather than treated as proof that a claim is false.
Last reviewed 4 September 2026
Change history Initial publication of the Polar Tensor monitoring profile, including regulatory warnings, performance claims, corporate structure and evidence gaps.