Billions Commerce Membership has collapsed.
As a substitute of simply being sincere about operating a Ponzi scheme and stealing everyone’s cash, Billions Commerce Membership buyers are being fed a “shell firms” exit-scam.
Billions Commerce Membership disabled withdrawals on July 14th. It wasn’t until July twenty second nonetheless that the rip-off got here up with its exit-scam ruse.
As per a discover despatched out to buyers, Billions Commerce Membership is hiding its collapse behind the shell firm Quantum Leap.
You will need to word that the funds in query are within the custody of Axin, which has managed the account of Quantum Leap Firm because the starting of operations.
As well as, it’s price noting that the accomplice liable for finishing up cryptoarbitrage on Quantum Leap is similar one who owns Axin.
The Quantum Leap accomplice in control of cryptoarbitrage attributed the shortage of contact to technical issues that affected their operations normally.”
In the course of the discussions, a number of contradictions and inadequate justifications emerged from the accomplice in control of cryptocurrency operations, which led Billions Commerce Membership to terminate its enterprise relationship with the corporate and request the immediate return of the cryptocurrency funds in Axin’s custody.
Two days after the liquidation request, Billions Commerce Membership acquired a doc from Axin formally agreeing to the liquidation of the account.
Nonetheless, this doc lacked essential particulars, akin to particular quantities, precise procedures, and concrete dates for the return of the cryptocurrencies. This lack of readability has raised issues amongst members.
As of July twenty fifth, Billions Commerce Membership withdrawals stay disabled.
It ought to be famous that Billions Commerce Membership doesn’t have something to do with cryptocurrency arbitrage and by no means has.
Billions Commerce Membership is a derivative of the Sensible Enterprise Corp Ponzi scheme, run by former promoters.
Jorge Rodriguez, Billions Commerce Membership’s CEO, deserted his FaceBook profile on July third.
Billions Commerce Membership’s collapse was preceded by a fraud warning issued by the Mexican authorities final month. As of June 2024, SimilarWeb tracked 61% of Billions Commerce Membership’s web site visitors as originating from Mexico.
Whereas we all know nearly all of Billions Commerce Membership buyers are from Mexico, complete losses stay unknown.