CapitalX has received a fraud warning from Russia.

This appears to have prompted scammers behind the Ponzi scheme to pull the plug.

As per the
Central Bank of Russia’s July 3rd warning
, CapitalX exhibits “signs of a financial pyramid”.

CapitalX
was an AI trading bot ruse Ponzi scheme that launched a few months ago.  Investors were lured in on the promise of up to 300%.

CapitalX feigned operation from the UK but was very obviously tied to eastern Europe.

One name we were able to attach to CapitalX was “Alisher Bekmuratov”. Bekmuratov put together CapitalX’s marketing materials.

CBR’s CapitalX fraud warning cited the website domain “capitalx.top”. This is in addition to the Ponzi scheme’s other “capitalx.pro” website domain.

At time of publication both website domains have been disabled.

Based on SimilarWeb’s traffic analysis, the majority of CapitalX victims are from Russia, Brazil, Belarus, Ukraine and Venezuela.

Total CapitalX victim numbers and how much they collectively lost remains unknown.

🤖 Quick Answer

What is CapitalX and why did it collapse?
CapitalX was an AI trading bot Ponzi scheme that promised investors returns up to 300%. The platform collapsed following a fraud warning issued by Russia's Central Bank on July 3rd, which identified it as exhibiting signs of a financial pyramid scheme. The scheme operated from fake UK locations but was linked to Eastern Europe.

Who was behind the CapitalX fraud?
One identified individual associated with CapitalX was Alisher Bekmuratov, who created the scheme's marketing materials. The operation was connected to Eastern European networks despite claiming UK-based operations.

What domains were used by CapitalX?
CapitalX operated through two primary website domains: "capitalx.top" and "capitalx.pro". Both domains were subsequently disabled following the Central Bank of Russia's official fraud warning and investigation.

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