Vortic United was a Boris CEO Ponzi scheme that collapsed again in August.
Believed to be run by Russian organized crime pursuits in Turkey, Vortic United was fronted by Rene Schwartz.
On the run from authorities in Gambia, Schwartz performed fictional Vortic United CEO Jensen Robles.
At present there’s no point out of Jensen Robles on Vortic United’s web site. Offsite, every part besides Vortic United’s Telegram group has been deleted.
In an try to discourage investor complaints, Vortic United introduced a “Vortic” reboot on October sixth.
The Vortic reboot is purportedly to be run by a brand new shit token.
All purchasers will get their present account stability + their present energetic bundle worth (100% of it not simply 80%) added to their alternate account.
By creating tokens out of skinny air, Vortic is ready to create the phantasm of backoffice balances that don’t exist.
The tokens will signify shares of the alternate and token holders will get a share of the income created by transaction charges from trades.
Naturally tokens can be locked, with no one in a position to money out (can’t money out cash that doesn’t exist).
Right here’s the very best half although; Vortic isn’t going to launch till April fifteenth, 2024. And affiliate backoffices gained’t be obtainable until June 1st.
Realistically an August 2023 collapse means loads of time has handed to launder invested funds and do a runner. The Vortic reboot appears to solely be a factor to discourage complaints to regulators.
For probably the most half, Vortic United traders seem to have accepted their losses and moved on. SimilarWeb tracked simply ~54,000 visits to Vortic United’s web site in October 2023.
Not anticipating any additional updates but when there are any we’ll preserve you posted under.