Is the leaked Bubblemaps–Proxima contract real? The Bubblemaps address on it wasn't the company's until June 2025

Is the leaked Bubblemaps–Proxima contract real? We can't say who wrote it, but the address it gives for Bubblemaps doesn't match the company's own records for the date it carries. On 2 November at 4:04 PM ET an X account that says it used to work at Bubblemaps posted images of what it called the contract Bubblemaps "never disclosed": an agreement under which Proxima, a company that makes trading tools, would pay Bubblemaps $45,000 a month for technical advice from April 2025. The post had about 174,000 views by 5:55 PM ET on 3 November.

The contract is dated 11 April 2025, on both signature lines and on an attached e-signature page. Its notices clause gives Bubblemaps SAS's registered office as 9 Rue des Colonnes, 75002 Paris. France's public company records tell a different story for that date. The register's entry for Bubblemaps (SIREN 922 810 288) lists its registered office at 7 Rue Pablo Neruda, 92300 Levallois-Perret, from its creation in December 2022; the office at 9 Rue des Colonnes opened on 20 June 2025. The official bulletin of company notices, BODACC, published Bubblemaps' creation at the Levallois-Perret address in January 2023 and the new Paris office in August 2025. So on 11 April 2025, the date on the contract, Bubblemaps wasn't registered at the address the contract gives.

Bubblemaps replied at 10:02 AM ET on 3 November that the document is a forgery: "You got the headquarters address wrong. It's our current one, but your fake contract is dated April 2025 and we were NOT based there then." It also said the email address given for its CEO isn't his and that the poster never worked there; we couldn't check either point. By the evening of 3 November an X Community Note on the post called the document forged, citing the same address. The poster has said the note is fraudulent. Bubblemaps also says the poster promotes a competing tool; that tool's own X account calls the poster its founder.

What the address check shows, and what it doesn't: a contract signed in April 2025 would not normally name an office the company opened in June 2025, so the document doesn't match the record on the date it carries. It doesn't show who made it. Proxima hasn't said anything we've seen. A rival tool's account says it has served Bubblemaps notice of a class action; we found no court filing.