Nimbus Platform and its Syncord reboot have obtained a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).
A per the CNMV’s January thirteenth, 2025 warning;
The [CNMV] warns that Nimbus Platform [and] Syncord [are] not authorised to offer the funding providers and actions topic to the exercise restriction in accordance with the provisions of Article 129 of the Spanish Securities Markets and Funding Providers Act, in relation to the monetary devices detailed in Article 2 of mentioned Act, together with, for these
functions, international foreign money transactions.As well as; it isn’t authorised to hold on actions reserved for collective funding schemes detailed in Article 1(1) of Spanish Regulation 35/2003, of 4 November, on Collective Funding Schemes; it isn’t authorised to hold on actions reserved for crypto-asset service suppliers detailed in sections 16-26 of the primary paragraph of Article 3 of Regulation (EU) 2023/1114 of 31 Could 2023 on crypto-asset markets, topic to prior authorisation in accordance with Article 59 of mentioned Regulation.
That is the second Nimbus Platform warning the CNMV has issued. The primary was again in November 2020, shortly after Nimbus Platform launched.
Spanish authorities had been additionally behind Andrea Zanon’s arrest in late 2023.
Zanon was the unique face of the Ponzi scheme however after disappearing was succeeded by a collection of revolving-door replacements.
The final alternative, Patricio Pozzi, disappeared across the time of Zanon’s arrest.
Spanish authorities have charged Zanon with aggravated fraud, collaborating in organized crime, falsifying paperwork and cash laundering. Nimbus Platform losses are pegged at 112 million euros.
Sadly there have been no updates on Zanon’s case since his arrest.
Eleven months after Zanon’s arrest, in November 2024, what’s left of Nimbus Platform introduced a Syncord rebrand.
The transition to Syncord nevertheless seems to have stalled. Nimbus Platform’s web site remains to be self-branded, pitching shoppers on as a lot as 60% yearly by an NFT funding grift.
As of December 2024 SimilarWeb was monitoring ~3200 month-to-month visits to Nimbus Platform’s web site.
99% of Nimbus Platform’s web site visitors originates from Spain. The remaining 1% is attributed to India.