The World Crypto Life Ponzi scheme has collapsed.
As a replacement we now have one thing known as World E Group.
World Crypto Life was an MLM crypto Ponzi constructed round IMC tokens and IMEX shares.
In the present day World Crypto Life and IMC don’t exist. Bought IMEX shares are nugatory.
World Crypto Life operated from the area “worldcryptolife.com”, which as of July 2024 or thereabouts now redirects to World E Group (WEC).
World E Group runs on the area “worldecommunity.com”, privately registered on Might ninth, 2024.
As above, World E Group markets “on a regular basis comfort backed by an internet digital platform accessible worldwide”. Whether or not intentional or not, that’s a reasonably obscure pitch.
And the remainder of World E Group’s web site isn’t a lot clearer. There’s a bunch of generic finance/crypto bro waffle however no specifics.
A lot of the navigational hyperlinks on World E Group’s web site don’t work; particularly “about us” and “merchandise & companies”.
One hyperlink that does work is “Evany”, which leads us to what World E Group is really promoting.
Evany, or EVY, is an ERC-20 shit token. Via EVY, World E Group runs a easy staking mannequin Ponzi scheme.
To summarize World E Group and Evany’s enterprise mannequin;
- you make investments into EVY
- you stake EVY with World E Group/Evany
- you receives a commission a passive return in EVY throughout the staking interval
- you money out your EVY and receives a commission subsequently invested funds
World Crypto Life was fronted by CEO Francis Yoon (proper) and COO Chris Principe.
Previous to World Crypto Life Yoon was a failed crypto bro. Chris Principe was tied to the infamous OneCoin Ponzi scheme.
In the present day there isn’t a point out of Yoon or Principe on both World E Group’s or Evany’s respective web sites.
The truth is there’s no disclosure of any company executives.
World E Group’s web site doesn’t give us a lot to go on however on Evany’s web site we discover a hyperlink to EVY on CoinMarketCap:
The hyperlink takes to EVY’s CoinMarketCap web page, on which we study:
Evany is an Ethereum ERC20 based mostly utility token that has been created by Grasp & S Inc, a outstanding firm based mostly in California, USA.
The token is owned by GPoint Pockets, which is a product of Grasp & S Inc.
Grasp & S Inc. is a Californian company. Grasp & S Inc. company filings cite Kwangeun Pyo as CEO by means of a Californian deal with.
Kwangeun Pyo, aka Richard Pyo, has come up in dialogue on World Crypto Life on BehindMLM.
Previous to World Crypto Life, Grasp & S Inc.’s Financial institution of America account(s), managed by Richard Pyo, have been used to launder Suponic International Ponzi funds.
One remaining level price noting is Grasp & S Inc.’s present Los Angeles, California deal with, as per the corporate’s 2024 California Secretary of State filings, has been in use since World Crypto Life:
This ties into Evany being initially launched as a part of World Crypto Life:
Throughout World Crypto Life’s IMC token funding scheme and IMEX share providing, and World E Group’s EVY staking funding scheme, not one of the related entities or people concerned have been registered with the SEC.
On data and perception, not one of the related entities or people concerned are registered with California’s Division of Monetary Safety and Innovation both.
Providing unregistered securities constitutes securities fraud and is against the law in any counrty with a regulated monetary market.
Past which, the inevitable MLM crypto Ponzi final result applies to World E Group and its Evany staking Ponzi.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve World E Group of EVY staking ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, nearly all of members lose cash.