CubeBit appears to be gearing up for a third reboot of its Ponzi scheme.

Well, they’re trying to anyway.

A reader reached out a few weeks back to let me know of CubeBit relaunching.

BehindMLM previously
reviewed CubeBit
in October 2020, that itself being the second “2.0” version of Romel Gumiran’s failed Nexus Chain venture.

CubeBit is still going by CubeBit 2.0, however in late February the company announced a “grand virtual launch” event.

Footage of the event was uploaded to CubeBit’s official Facebook account, providing us insight into what the Ponzi scheme has planned next.

An opening slide reveals CubeBit’s CubeBot Ponzi scheme is still intact:

Added to the Ponzi bot is a bunch of marketing fluff nobody cares about – and which we already knew about as per our October 2020 review.

So why the relaunch?

In a nutshell CubeBot scamming is being changed from ethereum to Binance Chain.

And… *
collective groan*
…CubeBit is jumping on the DeFi shitfuckery bandwagon.

CubeBit’s descent into DeFi is branded FinCube.

SUICIDE TRIGGER WARNING

FinCube is an extensive financial ecosystem, incorporated to handle the financial & research wing of CubeBit.

It comes with an exclusive range of math incorporated products that work towards the development of robust materials that can revolutionize the way value flows in the past.

CubeBit will run a blockchain script from somewhere, promise apps on their blockchain etc. By now you know the deal.

It’s just basically an excuse to launch shitcoins, each giving CubeBit an out when the time comes to exit-scam.

The first shitcoin will be CubeCoin, converted from the previously launched ERC-20 shit token.

All this takes place on Cubex, CubeBit’s in-house internal exchange.

One lie I’ll call CubeBit out on is their claim regarding “banking licenses from the SEC”.

As above, CubeBit claims it

has processed it’s [sic] banking licenses from the SEC to operate as a money service provider across the globe.

Just so there’s no confusion, later in the presentation Rommel Gumiran confirms this is in reference to the US SEC.

A quick search of the SEC’s Edgar database reveals that, as of March 31st, neither CubeBit or CubePay are registered.

Since launch last year, CubeBit has not registered with securities regulators in
any
jurisdiction.

Registering with the SEC would require CubeBit to disclose its AdCube trading bot Ponzi scheme.

CubeBit would also be required to file periodic audited financial reports, which they won’t do because it’s a Ponzi scheme.

Outside of the fake SEC registration claim, CubeBit’s DeFi relaunch is both unsurprising and unremarkable.

I probably would have skipped over it altogether (adding an ETH –> Binance Chain note to the original review would have taken 2 minutes), save for the fact I began receiving suspect emails over the past few weeks.

Coinciding with requests to revisit CubeBit from readers, I was contacted by former CubeBit Boris CEO Konstantin Janke.

Janke wrote t

🤖 Quick Answer

What is CubeBit and its connection to previous ventures?
CubeBit is a Ponzi scheme associated with Romel Gumiran, representing a relaunch of the failed Nexus Chain project. Operating as CubeBit 2.0, it features the CubeBot investment mechanism. The company announced a grand virtual launch event in late February, attempting another iteration of its fraudulent investment model.

What evidence exists of CubeBit's Ponzi scheme structure?
CubeBit's CubeBot mechanism forms the core of its Ponzi operation. Documentation from official company presentations and Facebook announcements reveals the continuation of this investment bot structure, despite previous regulatory scrutiny and market failures associated with earlier iterations of Gumiran's ventures.

How many times has CubeBit attempted to relaunch?
CubeBit represents at least the third reboot of

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