CubeBit seems to be gearing up for a 3rd reboot of its Ponzi scheme.
Nicely, they’re attempting to anyway.
A reader reached out a couple of weeks again to let me know of CubeBit relaunching.
BehindMLM beforehand reviewed CubeBit in October 2020, that itself being the second “2.0” model of Romel Gumiran’s failed Nexus Chain enterprise.
CubeBit remains to be going by CubeBit 2.0, nonetheless in late February the corporate introduced a “grand digital launch” occasion.
Footage of the occasion was uploaded to CubeBit’s official Fb account, offering us perception into what the Ponzi scheme has deliberate subsequent.
A gap slide reveals CubeBit’s CubeBot Ponzi scheme remains to be intact:
Added to the Ponzi bot is a bunch of selling fluff no person cares about – and which we already knew about as per our October 2020 evaluation.
So why the relaunch?
In a nutshell CubeBot scamming is being modified from ethereum to Binance Chain.
And… *collective groan* …CubeBit is leaping on the DeFi shitfuckery bandwagon.
CubeBit’s descent into DeFi is branded FinCube.
*SUICIDE TRIGGER WARNING*
FinCube is an in depth monetary ecosystem, integrated to deal with the monetary & analysis wing of CubeBit.
It comes with an unique vary of math integrated merchandise that work in direction of the event of sturdy supplies that may revolutionize the best way worth flows previously.
CubeBit will run a blockchain script from someplace, promise apps on their blockchain and so on. By now you understand the deal.
It’s simply mainly an excuse to launch shitcoins, every giving CubeBit an out when the time involves exit-scam.
The primary shitcoin can be CubeCoin, transformed from the beforehand launched ERC-20 shit token.
All this takes place on Cubex, CubeBit’s in-house inside alternate.
One lie I’ll name CubeBit out on is their declare concerning “banking licenses from the SEC”.
As above, CubeBit claims it
has processed it’s [sic] banking licenses from the SEC to function as a cash service supplier throughout the globe.
Simply so there’s no confusion, later within the presentation Rommel Gumiran confirms that is in reference to the US SEC.
A fast search of the SEC’s Edgar database reveals that, as of March thirty first, neither CubeBit or CubePay are registered.
Since launch final 12 months, CubeBit has not registered with securities regulators in any jurisdiction.
Registering with the SEC would require CubeBit to reveal its AdCube buying and selling bot Ponzi scheme.
CubeBit would even be required to file periodic audited monetary experiences, which they gained’t do as a result of it’s a Ponzi scheme.
Exterior of the pretend SEC registration declare, CubeBit’s DeFi relaunch is each unsurprising and unremarkable.
I in all probability would have disregarded it altogether (including an ETH –> Binance Chain word to the unique evaluation would have taken 2 minutes), save for the actual fact I started receiving suspect emails over the previous few weeks.
Coinciding with requests to revisit CubeBit from readers, I used to be contacted by former CubeBit Boris CEO Konstantin Janke.
Janke wrote to me on March sixteenth to advise;
I’m not a part of cubebit 2.0 since February 2021 anymore and I’m not in any manner affiliated to the corporate from that month.
Janke additionally requested that I take away his identify from our CubeBit evaluation, which I declined. I did nonetheless make an observation he’d left the corporate.
CubeBit introduced Janke’s resignation on their official Fb web page on March fifteenth.
Per week afterward March twenty third JoJo Tan, a CubeBit “US Founding Member”, despatched me an electronic mail.
Tan claimed;
I labored the multi level marketing aspect of it identical to everybody else however was by no means related in any capability, type, or form as a founding member nor ambassador.
That title was put out on the flyer in a couple of occassions [sic] that I used to be invited to current through zoom webinar, along with Sherman Sager and Joe Bedore.
These two gents, like myself, are additionally simply associates and never founding members nor ambassadors.
Hardly satisfied, I pushed again on Tan’s claims;
That slide is an official CubeBit advertising and marketing slide revealed by CubeBit’s personal world Ambassador, who you had no downside attending official firm occasions with.
In case you had an issue with being known as a US founding member of Cubebit you’d have objected previous to regulators taking motion.
Please don’t waste my time.
Tan knowledgeable me I’d possible be listening to from Sager and Bedore sooner or later.
Certain sufficient later that very same day I acquired an electronic mail from Bedore;
I’m talked about as a US Founding Member. This was an honorary title given to an individual, like myself, who joined Cubebit 2.0 early in every nation, as a Status Member.
I used to be invited to affix in on shows within the US, together with among the different names talked about in your evaluation.
We used info that was offered by Cubebit 2.0.
The knowledge included copies of registrations in in Delaware USA, that gave me the assumption that they have been legit within the USA.
I joined as an MLM affiliate identical to another MLM. I’m not an proprietor, a founder, or an worker of Cubebit 2.0.
I’ve no perception or management within the operations of Cubebit2.0. I used to be not paid to take part in any of the zoom conferences.
I’m pointing this out to assist clear my identify. I might by no means be concerned in any MLM that I didn’t assume was on the extent.
I’ve stopped my involvement in Cubebit 2.0, I hope they’re able to show themselves in time.
Yeah, one thing fishy is happening right here.
I haven’t heard something again from Bedore however Tan replied on March twenty seventh asking if I’d think about including a word to our CubeBit evaluation as I’d performed for Janke.
I suppose I’m doing that right here.
In his final electronic mail Tan claimed;
Sherman Sager and myself have by no means been concerned in company stage as a lot as Kons.
We’re merely members that grew to become victims as nicely.
I’ve pushed again on this declare asking for affirmation that Tan did in truth lose cash in CubeBit.
We’re all acquainted with net-winners of Ponzi schemes who make investments $100, reinvest their monopoly cash returns, make and withdraw $100,000s in referral commissions after which declare to be victims.
I’ll publish an replace if/when Tan will get again to me.
Within the meantime there’s in all probability one thing to Janke, Tan and Bedore swiftly wanting their names disassociated with CubeBit.
If there’s something happening behind the scenes, neither of them disclosed it to me.
The take-away from all of that is, as written in our authentic CubeBit evaluation, for all intents and functions Romel Gumiran seems to be operating the corporate.
Studying between the strains, CubeBit is an in-house use-case for Romel Gumiran’s flopped Nexus Chain enterprise.
As per Nexus Chain’s web site (“nexuschain.web”), the corporate supplies “offshore firm registration” and “premium MLM resolution(s)”. Principally your typical “rip-off in a field” outfit.
Nexus Chain at present has an Alexa web site rating of over 4 million, which for an energetic enterprise is nearly as good as lifeless.
And so now we have CubeBit Tech. As acknowledged within the introduction of this evaluation, whether or not Gumiran is working alone or with others from NexusChain is unclear.
Relating to firm possession, nothing seems to have modified with CubeBit’s DeFi reboot.
