The BuddyX Ponzi scheme has collapsed.
As at time of publication, BuddX’s web site area has been disabled:
One other related area, “buddyx.world”, now redirects to “buddyex.com”.
A discover printed on BuddyEx’s web site advises that BuddyX’s BDYX token has been dumped on Vindax Trade.
Not surprisingly, Vindax Trade seems to cater to scammers. To that finish Vindax Trade purposefully tries to keep away from detection by US and Canadian authorities:
As specified by BehindMLM’s December 2023 BuddyX evaluation, dumping BDYX on a dodgy change brings the pump and dump Ponzi scheme to an finish.
BuddyX, BuddyEx and related firms (e.g. BuddyCorp), are run by Mahesh Sharma.
Sharma, an Indian nationwide hiding out in Dubai, is a serial MLM crypto Ponzi fraudster.
Sharma defrauded shoppers with the assistance of UK nationwide David White, BuddyX’s Head of Enterprise for UK and Europe.
There is no such thing as a point out of Sharma or White on BuddyEx’s web site.
There’s additionally no point out of Intellaxa, which seems to be the subsequent iteration of the rip-off.
On Might twenty second BuddyEx uploaded an Intellaxa promo video to YouTube:
No matter “WealthEOX” is meant to be, it doesn’t seem to have been arrange but.
Intellaxa is in any other case your typical AI buying and selling botPonzi grift.
Intellaxa buyers, aka victims of BuddyX and Sharma’s different MLM crypto Ponzi schemes, pay a 140 USDT annual payment.
This qualifies buyers to dump up a minimal 500 USDT into Intellaxa, via which passive returns are pitched.
Naturally Intellaxa’s AI buying and selling bot doesn’t exist. The backend is identical as some other Ponzi scheme: Sharma and pals steal invested funds until recruitment dries up.
For now there doesn’t seem like a separate Intellaxa web site arrange; all advertising factors to BuddyEx’s web site.
As of Might 2024 SimilarWeb tracked simply ~4100 month-to-month visits to BuddyEx’s web site. The vast majority of that site visitors originated from the US (23%), Vietnam (21%), India (15%), Australia (13%) and Thailand (11%).
Until new suckers are discovered quickly, it appears BuddyEx’s Intellaxa Ponzi reboot is DOA.