BTC Global Team launched in late 2017 and quickly rose to be one of the biggest Ponzi schemes in South Africa.
As I write this Alexa have BTC Global Team pegged in the top 1000 visited sites in South Africa, with the country making up 87% of traffic to the BTC Global Team website.
On the business side of things, BTC Global Team solicited investment on the promise of a 14% weekly ROI.
Payments were made in bitcoin up until a few days ago, with it now appearing that BTC Global Team has collapsed.
As tracked by the
BTC Global Scam Facebook group
and its readers, BTC Global withdrawals ceased last Monday.
This has prompted demands for answers from BTC Global Team management, which have been less than forthcoming.
BTC Global Team is purportedly run by Steven Twain. Problem is, other than a very Instagrammy photo of some guy sipping on a milkshake, there’s no evidence of Twain actually existing.
There are a few social media profiles bearing Twain’s name, to be sure, but nobody appears to have actually met or seen Twain in person.
Regardless, some of the porky pies trotted out following last Monday’s non-payment are
hilarious
.
As BTC Global Team “leaders” scrambled to placate those they’d convinced to invest, the initial story put out was that Steven Twain’s wife had just given birth.
Sorry guys, Steven Twain wife [sic] just gave birth to 2 bouncing baby boys, so Steven has been busy running some errands.
You guys will be paid accordingly. Don’t panic.
Less than 24 hours later, an “update” changed the story somewhat.
No one has had any contact with Steven Twain for over 24 hrs.
The leaders continue to actively try and connect with but have had no luck.
Speculations and accusations do not help anyone andrew [sic] own’t change the current situation.
In light of this unexpected situation the leadership and admin remain cautiously hopefully that there is a perfectly normal explanation for this delay and we sincerely hope to have more answers tomorrow.
Sure enough, forty-five minutes before the “tomorrow deadline” expired, Twain briefly appeared online.
Steven came online tonight at 23:25 RSA time.
He has not given much details yet but he was brutally attacked in his home in an attempt to steal his trading equipment.
We’re giving Steven the respect of time and space and we’ll connect with him tommorow and inform everyone on the way forward re. payments.
We’re so glad you’re ok Steven. Today was utter hell for the leaders and we are beyond thrilled to know you’re ok.
That’s quite a week for a guy who doesn’t exist beyond a milkshake snap!
As is often the case when a Ponzi collapses, those who profited are quick to try and distance themselves from it.
Having
reviewed BTC Global Team
last November, our review has attracted comments from those supposedly “in the know”.
This caught the attention of Andrew Caw, who emailed me this morning.
Two of your commentors have named me as the owner/operator of a “BTC Global” business.
They
🤖 Quick Answer
What is BTC Global Team and when was it launched?BTC Global Team is a cryptocurrency investment platform that launched in late 2017, quickly becoming one of South Africa's largest Ponzi schemes. The platform operated primarily within the country, accounting for 87% of its website traffic.
What investment returns did BTC Global Team promise to investors?
BTC Global Team solicited investments by promising a 14% weekly return on investment (ROI). Payments were processed in bitcoin until the platform's recent collapse, attracting significant capital from South African investors.
When did BTC Global Team cease operations?
BTC Global Team's withdrawal services stopped last Monday, according to tracking by the BTC Global Scam Facebook group. This suspension prompted widespread demands for explanations from the platform's management regarding investor funds.
Who reportedly manages BTC Global Team?
BTC Global Team is purportedly operated by Steven
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