The O’Qubuss Ponzi scheme has collapsed.
As November sixteenth “official communication”, day by day returns and withdrawals have been suspended.
Affiliate recruitment and new funding has additionally been disabled, which along with no withdrawals leaves O’Qubuss useless within the water.
Regardless of the apparent collapse, O’Qubuss maintains
the challenge shouldn’t be closed, and can resume regular operations and funds within the following days.
As of November 18th, O’Qubuss withdrawals are believed to nonetheless be disabled.
Fairly than simply admit O’Qubuss is a Ponzi scheme that collapsed, the corporate blames “adjustments and the damaging conduct of the primary buying and selling markets”.
Having solely launched in July, O’Qubuss barely lasted just a few months.
Each IX Inversors and O’Qubuss are run by CEO Alexander Hernandez.
SimilarWeb tracks a gradual decline in O’Qubuss web site site visitors over the previous few months.
100% of O’Qubuss’ web site site visitors is attributed to Ecuador.
Ecuador issued an IX Inversors securities fraud warning again in February. There hasn’t been any additional regulatory motion since.
In consequence complete IX Inversors and O’Qubuss sufferer numbers, in addition to how a lot they’ve misplaced, stay unknown.