Eagle Bit Commerce was an MLM crypto Ponzi scheme launched in 2018.
Run by Brazilian nationwide Edson Junior Amaral, Eagle Bit Commerce was the standard “crypto buying and selling bot” ruse.
After Italy issued an Eagle Bit Commerce securities fraud warning in November 2018, the Ponzi scheme went on to break down shortly thereafter.
Now, 5 years later, Eagle Bit Commerce has reemerged on a brand new web site area.
Eagle Bit Commerce initially operated from the area “eaglebittrade.com”. That area has been defunct for the reason that Ponzi collapsed.
The Eagle Bit Commerce reboot operates from the area “eaglebittrade.professional”, privately registered on October twenty fourth, 2023.
No possession or government info is offered, so it’s unclear whether or not Edson Amaral (proper) is behind the reboot.
Whoever is working it, Eagle Bit Commerce’s reboot is extra of the identical. Traders are pitched on every day returns of as much as 1% a day for one year.
The ruse continues to be cryptocurrency buying and selling…
The first purpose of the AI-based buying and selling system is to generate earnings by making well-informed buying and selling choices.
…however, as with the unique Ponzi, all Eagle Bit Commerce does is recycle newly invested funds to pay present buyers.
That works until it inevitably doesn’t (withdrawals exceed funding), at which level Eagle Bit Commerce collapses once more.
On the MLM aspect of issues Eagle Bit Commerce pitches “30% in revenue share upto 10 ranges”.
That may be a unilevel compensation plan, nonetheless no additional specifics are offered.
Appears form of pointless to relaunch a Ponzi scheme that collapsed 5 years in the past, however right here we’re.