Mark Davis’ AladdinBot Ponzi scheme has collapsed.
Davis is hiding from traders, withdrawals had been disabled a number of weeks in the past and, at time of publication, AladdinBot’s web site is not accessible.
Makes an attempt to go to AladdinBot’s web site return a pretend “too many requests” error.
If we take a look at the error web page source-code, we are able to see that CloudFlare is throwing up an error as a result of AladdinBot disabled its server (click on to enlarge):
To masks the “CloudFlare can’t entry the server” error, AladdinBot has configured a pretend “HTTP 400 error” message.
On the withdrawal aspect of issues AladdinBot started delaying withdrawals round mid January. As of early February, no withdrawals have been paid out.
Mark Davis is dodging traders below the guise of “safety points”.
Previous AladdinBot not paying withdrawals was a February ninth “Spring Break promotion”.
Convey a pal, deliver your loved ones and make a trip or retreat out of this time to have fun the top of Winter and the start of Spring!
Trying ahead to asserting what number of qualifiers at subsequent weeks company Zoom!
Over the subsequent week traders realized AladdinBot wasn’t paying withdrawals, prompting “company Zooms” to cease.
On February thirteenth AladdinBot suggested traders this was attributable to “beta testing”, “phishing makes an attempt” and “hacking”.
The weekly company zoom for tomorrow is delayed attributable to awaiting buying and selling outcomes for week 17. And incentive outcomes and particulars for the long run promotion scheduled for March 1. And scheduled ai telegram bot beta testing.
We imagine safety updates on the location are in movement with increased settings to keep away from phishing makes an attempt and hacking. This additionally occurred about 7-10 days in the past.
AladdinBot’s final February fifteenth communication reads;
Please be affected person whereas we work on options from the IT staff.
AladdinBot was a Dubai MLM crypto Ponzi fronted by CEO Mark Davis.
Davis, an Australian nationwide believed to be hiding out in Indonesia, is a serial promoter of MLM Ponzi schemes. These embrace AI Commerce and PGI World.
On the time of collapse, SimilarWeb tracked ~61,000 month-to-month visits to AladdinBot’s web site for January 2023. Nearly all of site visitors originated from the US (38%) and Hungary (26%).
Pending any additional updates, complete AladdinBot sufferer numbers and the way a lot they’ve collectively misplaced are unknown.