Infinity Pi initially launched on or round August 2023.
The unique Ponzi scheme was constructed round Pi token and collapsed in October.
Shortly thereafter a reboot was introduced, this time constructed round infinity token.
Infinity Pi 2.0, because it was dubbed, adopted the identical enterprise mannequin as the primary Ponzi.
- put money into shitcoin
- quantity go up as a result of new victims make investments
- steal their cash
This labored for a number of weeks till November 14th, whereby early buyers from the unique Infinity Pi launch began cashing out.
These scammers purchased in at 1 to twenty cents and cashed out at round $5.50.
Between November 14th and December thirteenth Infinity Pi 2.0’s early buyers (and presumably the admins by this level), continued to money out.
A day or so in the past infinity token was sitting at $1.71. Then, within the house of about 24 hours, what was left was cashed out – dumping infinity token to 5-6 cents.
In different phrases, Infinity Pi 2.0 lasted about two weeks earlier than coming into a month-long exit-scam that ended immediately.
Complete Infinity Pi losses are believed to run into a number of million. SimilarWeb tracked ~54,000 visits to Infinity Pi’s web site all through November 2023.
This site visitors was made up of 10% from the UAE (scammers in Dubai), 83% from US, 3% from Canada and 1% from Australia (their victims).
Infinity Pi and its reboot are believed to have been run by Chinese language scammers, hiding in Asia and/or Dubai.