Aifeex, an online investment platform marketed with claims of AI-powered trading, registered its domain privately on October 9, 2024. By May 2, 2025, the scheme had collapsed, leading to a fraud warning from Malaysia's Securities Commission. Its operators never publicly identified themselves, a signature trait of many fraudulent financial ventures.

The aifeex.com domain registration shielded its owners, making due diligence impossible for potential investors and complicating regulatory oversight. Furthermore, the platform's official Telegram channel prominently featured Chinese text. This suggests the individuals behind Aifeex likely have ties to China-based operations.

Aifeex offered no tangible product or service. Its business model relied solely on affiliates recruiting more affiliates. Participants invested Tether (USDT) into various plans, promising daily returns. These plans included a 7-day option (WFM) yielding 1% daily, a 30-day plan (MFM) at 1.3% daily, a 90-day plan (QFM) offering 1.6% daily, and an annual plan (AFM) with a 2% daily return. Such consistently high, guaranteed returns are a hallmark of Ponzi schemes.

The recruitment side of Aifeex paid matching bonuses based on downline deposits. Affiliates advanced through VIP tiers, from VIP1 (20% match on 3,000 USDT downline volume) up to VIP9 (100% match on 30,000,000 USDT downline volume). The matching bonus was capped at the affiliate's personal investment amount. While membership was free, participation required a minimum investment of 100 USDT.

Aifeex functioned as another "click a button" app Ponzi. Its website contained vague marketing copy directing users to a downloadable app, hosted at h5.aifeex.com. The alleged mechanism involved users logging in, tapping buttons to activate AI trading bots, and then supposedly sharing in the revenue generated by these bots. This premise lacks any technical or financial logic. Random button presses in an app do not activate sophisticated trading algorithms. The button click served no real function; Aifeex simply used new deposits to pay earlier investors, a classic Ponzi structure.

This scheme mirrors others that surfaced recently, including AI Profit USDT, Nexus666, and DGPT, all of which ultimately collapsed. Since 2021, hundreds of these "click a button" app Ponzis have been documented. Most operate for a few weeks or months before vanishing.

These schemes typically collapse by abruptly shutting down their websites and apps, often without warning. Most investors lose all their money, a direct result of Ponzi mathematics. Before a full collapse, accounts frequently get locked when users attempt withdrawals. Sometimes, the scammers then run a "recovery scam," demanding additional fees to "unlock" supposedly frozen funds. Paying these fees yields no results; the perpetrators simply disappear.

Chinese organized crime groups frequently operate these scam factories from bases in Southeast Asia. In September 2024, the US Treasury sanctioned Cambodian politician Ly Yong Phat for providing shelter to Chinese scammers. Myanmar reported deporting over 50,000 Chinese scam factory workers since October 2023. Despite these actions, new schemes continue to appear, indicating the problem's persistence.

International law enforcement efforts intensified in early 2025. Late January saw Chinese officials visit Thailand to discuss strategies for tackling crime gangs operating from Myanmar. In early February, Thailand cut power, internet, and fuel supplies to Chinese scam compounds across the Myanmar border. By February 20, Thai and Chinese authorities announced the liberation of ten thousand trafficked hostages from Myanmar. On the same day, five Chinese crime bosses were arrested in a larger Philippine raid that apprehended 450 individuals.

However, reporting from March 19 claimed that up to 100,000 people still worked in Chinese scam factories within Myanmar, despite the crackdowns. The same organized groups of Chinese scammers are believed responsible for the entire "click a button" app phenomenon, regardless of their operational base. Aifeex itself collapsed on May 2, 2025, prompting Malaysia's Securities Commission to issue a fraud warning on June 8, 2025. By July 23, 2025, Aifeex had rebooted, now targeting Vietnam via the new domain aifeexvn.com.