Blockchain Sports’ original ruse was a shitcoin Ponzi built around its SPORTS and FTBLL tokens.
Then came an NFT Ponzi scheme, wherein investors were promised an ownership stake in the careers of up and coming football players. There was also some baloney about
AI drifting in Belarus
.
Naturally, none of these schemes stuck. This prompted Blockchain Sports to initiate a Blockchain Sports Marketplace reboot.
The plan was to have football clubs sell unregistered virtual shares. I say “was” because… Blockchain Sports Marketplace has already been abandoned.
Now, through Blockchain Sports Arena, Blockchain Sports is hoping to cash out directly through duped football fans.
Grigory Lundin laid out Blockchain Sports’ new exit-scam model on an
October 2nd “global community call”
.
[21:52] In the past couple of weeks we have changed everything completely. And uh, despite it took only couple of weeks to change everything completely, we have already built it – and we are already launching it.
Blockchain Arena will see Blockchain Sports target “all the football fans in the world”, through the clubs they support.
Lundin (right) claims, as of October 2nd, that Blockchain Sports has “dozens of football clubs” interested.
Obviously getting people to invest in a Ponzi so that original investors can cash out is a hard sell. To that end, Blockchain Sports hopes to dupe football fans into signing up by “hiding the money”.
[25:55] The first part and the first stage is the only, the only, only focus is for the user acquisition.
We are giving the football clubs the possibility to share with their audience and pass them the message;
“Like hey, we know that you support us. You are the fans, we are the club. And we know that you are supporting us but we do not know how many of you are our real fans.
Maybe there are some fakes. Maybe there are some people that are just like subscribed to our Instagram like, for some other purposes.
We want to know how many fans do we have. And we are partnering with the Blockchain Sports Arena. It’s like totally for free. It doesn’t require any, any, any purchases at first.”
Uh, we are not speaking about the money at all, on all the first situations.
The “money” side of things will see fans encouraged to purchase Blockchain Sports’ ATLA token and make “donations” to football clubs.
Football clubs will be encouraged to pit their fans against each other on a donation leaderboard list, celebrating those who “donate” the most ATLA.
Fans to who don’t donate will be encouraged to promote the club on social media, recruit ten people into Blockchain Sports Arena and/or “win a challenge against another club”.
ATLA began trading on the dodgy MEXC crypto exchange in mid August. The token is heavily manipulated, with the only traded volume being that of insiders (wash trading).
To that end ATLA is currently valued at $38.53 on MEXC. To put a point on the sham, Blockchain Sports is still flogging ATLA to Daisy Ponzi victims for 78
🤖 Quick Answer
What is Blockchain Sports Arena and how does it operate?Blockchain Sports Arena is the latest iteration of the Blockchain Sports scheme, designed to extract money directly from football fans. It follows previous failed ventures involving SPORTS and FTBLL token Ponzi schemes, NFT-based player ownership fraud, and an abandoned virtual shares marketplace, each rebranded after the prior model collapsed.
Who is Grigory Lundin in relation to Blockchain Sports?
Grigory Lundin is a principal figure associated with Blockchain Sports who publicly outlined the organization's revised business model during an October 2nd global community call. He presented the Blockchain Sports Arena concept, which critics and investigators characterize as an exit-scam strategy targeting football supporters.
What were the earlier Blockchain Sports schemes before Blockchain Sports Arena?
Blockchain Sports previously operated a cryptocurrency Ponzi scheme built around SPORTS and FT
📰 Aggiornamenti e Notizie Correlate
(aggiornato al 17/04/2026)1. The Untold Story of Dmitry Saksonov: From Isolation to Inspiration - Latin Times — Sun, 14 Dec 2025 12:31:59 GMT
The Untold Story of Dmitry Saksonov: From Isolation to Inspiration. For Dmitry Saksonov, that moment came in 2018. Out of that conviction, the idea for Blockchain Sports began to form. From that promise, Blockchain Sports took shape. The vision was bold: connect athletes, fans, and clubs directly …
2. DOJ: Orlando crypto firm CEO arrested for $328 million Ponzi scheme - Orlando Sentinel — Wed, 25 Feb 2026 00:17:40 GMT
The CEO of an Orlando cryptocurrency firm and former Orange County commission candidate is accused of operating a Ponzi scheme that defrauded investors of at least $328 million, federal prosecutors announced Tuesday. One of his purported victims in the scheme told investigators that Delgado’s public…3. Scam coin victims fume after court hands $5m fraudsters ‘lenient sentences’ - dlnews.com — Sun, 18 Jan 2026 12:06:27 GMT
Scam coin victims fume after court hands $5m fraudsters ‘lenient sentences’. Scam coin victims fume after court verdict. HomePeople & cultureScam coin victims fume after court hands $5m fraudsters ‘lenient sentences’. * 150 victims lost money to scam coin proponents, court hears. The victims of a …
4. A victim of a $280,000 pig butchering scam shares how to spot crypto frauds - Business Insider — Sun, 09 Nov 2025 10:30:01 GMT
* One victim Business Insider spoke with lost $280,000 as a result of a pig butchering scam. Bezalel Eithan Raviv, founder and CEO of forensic blockchain firm Lionsgate Network, told Business Insider that most crypto scams are being carried out on Facebook, with WhatsApp a close second. Novak and Da…5. Bitcoin News Today: FBI Warns of Fake Law Firms Exploiting Crypto Scam Victims with New Payment Schemes - AInvest — Sat, 16 Aug 2025 09:56:32 GMT
Bitcoin News Today: FBI Warns of Fake Law Firms Exploiting Crypto Scam Victims with New Payment Schemes FBI Warns of Fake Law Firms Exploiting Crypto Scam Victims with $9.9M in Reported Losses AInvest 08/14 Image 25: FBI Warns of Fake Law Firms Exploiting Crypto Scam Victims with $9.9M in Reported L…6. No, the CFPB is not handing out cash to people scammed on Zelle or Cash App, Consumer Reports warns - News4JAX — Fri, 12 Sep 2025 12:41:15 GMT
No, the CFPB is not handing out cash to people scammed on Zelle or Cash App, Consumer Reports warns Victims of scams on peer-to-peer payment platforms, like Zelle or Cash App, may try anything to get their money back. Enter Daraine Delevante and Gilbert Graim Jr., two social media influencers who …
🔗 Related Articles
- Mining City lying about Philippine SEC registration?
- WeWe Global’s Oceania marketing tour was a disaster
- SuperOne bagholders still looking for new victims
- Bellator rolls out “Cha-ching by Iterato” Ponzi app
- OmegaPro securities fraud warning from Nicaragua