Somebody has set up an Antares Trade recovery Ponzi.
The new scam has been set up on the domain “antarestrade.live”, privately registered on September 18th, 2025.
Antares Trade
was a notorious MLM crypto Ponzi run by serial fraudster Alexey Zhirovkin.
Zhirovkin, a Russian national, launched Antares Trade back in 2020. Antares Trade
collapsed
in August 2021, prompting an
Alcore Trade reboot
.
Alcore Trade lasted until May 2022, wherein Zhirovkin
rebooted again as Antares Trade
. Antates Trade 2.0 lasted a few weeks before
collapsing again
.
Zhirovkin ran his Ponzi schemes from the Dominican Republic as fictional CEO “Alex Richter”.
Sometime after 2022 Zhirovkin relocated to Turkey. Zhirovkin lived in Turkey until mid 2025.
Turkish authorities arrested Zhirovkin in late May and
deported him to Russia
. Russian authorities announced criminal charges related to fraud prior to Zhirovkin reinventing himself as an MLM crypto bro.
Given all of this, it is extremely likely the Antares Trade recovery scam Ponzi has anything to do with Zhirovkin’s original Ponzis bearing the same name.
In fact the Antares Trade recovery scam Ponzi is pretty low-effort as far as scams go. We have a template website populated with stolen content, including fictional executives represented by stolen profile photos.
The Antares Trade recovery scam Ponzi pitches consumers on up to 13% every 48 hours. There doesn’t appear to be an MLM component to the scam.
While the Antares Trade recovery scam Ponzi represents it has ties to Singapore and the UK, the scam still appears to have ties to Russia.
The Central Bank of Russia issued an
Antares Trade recovery scam pyramid fraud warning
on October 17th, 2025.
🤖 Quick Answer
What is Antares Trade?Antares Trade was a multilevel marketing crypto Ponzi scheme operated by Russian national Alexey Zhirovkin under the fictitious identity "Alex Richter." Launched in 2020 and administered from the Dominican Republic, the platform collapsed in August 2021, underwent multiple failed reboots including Alcore Trade, and ultimately ceased operations in 2022.
Who is Alexey Zhirovkin?
Alexey Zhirovkin is a Russian serial fraudster who orchestrated the Antares Trade and Alcore Trade Ponzi schemes using the alias "Alex Richter." He operated from the Dominican Republic before relocating to Turkey, where he was arrested by Turkish authorities in late May 2025.
What is the Antares Trade recovery scam?
A fraudulent website registered on the domain "antarestrade.
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