Axiome has received a pyramid fraud warning from Russia.

As per the
Central Bank of Russia’s August 15th warning
, Axiome exhibits “signs of a financial pyramid”.

Axiome is an MLM crypto Ponzi built around AXM tokens.

Since publication of
BehindMLM’s Axiome review
in June 2024, Axiome now discloses its CEO Alex Scheck on its website.

Axiome’s website cites Scheck as a “serial entrepreneur” and “investor in blockchain”.

Scheck appears to an actual person from Germany:

Bit odd for a German to be fronting a Russian Ponzi so I’m guessing Scheck’s involvement is
mostly for show
.

Other executives now named on Axiome’s website include:

Evgeny Sakirkin – CTO

Willi Kellich – CFO

Yusuf Bilgic – Non-Executive Director

Charles Belford – Chief Risk and Trading Officer

As of June 2024 SimilarWeb tracked Russia as the top source of its website traffic. Axiome website traffic dropped 47% month on month through July, leaving SimilarWeb unable to put together an accurate geo breakdown.

CBR’s Axiome fraud warning however suggests Axiome is still primarily being promoted in Russia.

🤖 Quick Answer

What is the Axiome pyramid fraud warning from Russia?
The Central Bank of Russia issued a warning on August 15th stating that Axiome exhibits "signs of a financial pyramid." Axiome operates as an MLM crypto scheme built around AXM tokens. The warning identifies the platform as potentially fraudulent, aligning with regulatory concerns about its Ponzi-like structure and token-based investment model.

Who is Alex Scheck in relation to Axiome?
Alex Scheck is disclosed as the CEO of Axiome on the company's website. He is described as a "serial entrepreneur" and "investor in blockchain." Scheck appears to be an actual individual from Germany. His involvement in leading a platform flagged by Russian regulators has raised questions about his operational role.

What are AXM tokens and how do they function within Axiome?
AXM tokens are the cryptocurrency central to

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