The O’Qubuss Ponzi scheme has collapsed.
As November sixteenth “official communication”, every day returns and withdrawals have been suspended.
Affiliate recruitment and new funding has additionally been disabled, which along with no withdrawals leaves O’Qubuss useless within the water.
Regardless of the plain collapse, O’Qubuss maintains
the challenge just isn’t closed, and can resume regular operations and funds within the following days.
As of November 18th, O’Qubuss withdrawals are believed to nonetheless be disabled.
Relatively than simply admit O’Qubuss is a Ponzi scheme that collapsed, the corporate blames “modifications and the destructive habits of the primary buying and selling markets”.
O’Qubuss is the third reboot of the twice collapse IX Inversors Ponzi scheme. It has nothing to do with buying and selling or “the markets”.
Having solely launched in July, O’Qubuss barely lasted a number of months.
Each IX Inversors and O’Qubuss are run by CEO Alexander Hernandez.
SimilarWeb tracks a gradual decline in O’Qubuss web site site visitors over the previous few months.
100% of O’Qubuss’ web site site visitors is attributed to Ecuador.
Ecuador issued an IX Inversors securities fraud warning again in February. There hasn’t been any additional regulatory motion since.
Consequently complete IX Inversors and O’Qubuss sufferer numbers, in addition to how a lot they’ve misplaced, stay unknown.
