The GIG-OS Ponzi scheme seems to have collapsed twice since BehindMLM reviewed the rip-off in 2020.
The primary collapse seems to have occurred circa 2022. GIG-OS’ unique cycler Ponzi was run in euros. With the primary collapse investor losses have been transferred to GICO coin.
GICO coin, on the time, was an inside shitcoin created by GIG-OS.
GIG-OS’ rebooted GICO coin cycler Ponzi continued by means of August 2024, whereby dumping GICO coin on Netsbo was introduced.
Netsbo, run by nameless homeowners hiding behind a Marshal Islands shell firm, is a shitcoin manufacturing unit with its personal purported blockchain.
GIG-OS’ plan seems to be emigrate GICO coin onto Netsbo’s blockchain, after which dumping GICO coin on dodgy public exchanges can start.
One other risk is GIG-OS migrating from the cycler Ponzi mannequin to staking. Netsbo runs a staking Ponzi hooked up to its personal CBR token.
Coinciding with GIG-OS’s GICO coin announcement, Netsbo’s web site went reside circa August 2024. It’s extremely doubtless however unconfirmed whether or not the scammers behind GIG-OS are additionally working Netsbo.
One other element of GIG-OS’ Netsbo dump is JumboLine.
JumboLine operates from “jumboline.web”, a site privately registered on August twenty seventh, 2024.
JumboLine claims its the “greatest approach to wrap your cash in Netsbo Community”.
On-chain execution of good contracts permits us to combine cryptocurrency change from completely different blockchain networks into one ecosystem.
Consequently, the consumer is supplied with the most straightforward, comprehensible and handy platform for working with crypto property.
I’m certain which means one thing to crypto dorks. For everybody else, JumboLine seems to be a bridge between GIG-OS, Netsbo and good contracts.
GIG-OS is believed to be run by Russians hiding in Latvia.
The primary iteration of GIG-OS was the third reboot of the long-running EmGoldex Ponzi scheme. GIG-OS’ two collapses carry the whole variety of EmGoldex/GIG-OS Ponzi collapses to 5.
The entire EmGoldex/GIG-OS scams have centered round fictitious gold used to market a Ponzi scheme.
Throughout EmGoldex and GIG-OS, the rip-off has attracted regulatory consideration from the US, the Philippines, Malaysia, the UAE, Curacao, Peru, Russia and Italy.
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Regardless of all of that, promotion of GIG-OS persists.
As of August 2024, SimilarWeb tracked prime sources of GIG-OS web site site visitors as Argentina (59%), Brazil (14%), Italy (13%) and Colombia (12%).
It seems Argentinian authorities making one arrest wasn’t sufficient to cease native promotion.
That mentioned, GIG-OS’ month-to-month web site visits is sitting at round ~45,900. That’s down 45% the identical month GIG-OS made its GICO coin Netsbo announcement.