Defily Review: Parwiz Daud’s Validus reboot Ponzi

Defily fails to provide ownership or executive information on its website.

Defily’s website domain (“defily.ai”), was registered in January 2024. The private registration was last updated on April 2nd, 2025.

Over on Defily’s official YouTube channel we find marketing videos featuring Parwiz Daud:

Daud is a serial MLM crypto Ponzi fraudster dating back to OneCoin. Daud’s last Ponzi, prior to Defily, was Validus.

Daud launched
Validus
back in 2021 with fellow OneCoin scammer Mansour Tawafi.

Following regulatory fraud warnings from
New Zealand
, 
Australia
 and 
Belgium
, Validus 
collapsed
in April 2023.

Dubai eventually issued a
belated Validus securities fraud warning
in December 2023.

Mansour Tawafi launched
Odecent
, an unregistered MLM trading bot scheme,  in mid to late 2024. Daud seems to have prelaunched Defily around the same time.

Daud, who fled the UK as OneCoin took off, is still hiding out in Dubai. And it is from Dubai that Defily is run.

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the 
MLM crime capital of the world
.

BehindMLM’s guidelines for Dubai are:

If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.

If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to Defily, read on for a full review.

Defily’s Products

Defily has no retailable products or services.

Affiliates are only able to market Defily affiliate membership itself.

Defily’s Compensation Plan

Defily affiliates invest USD equivalents in cryptocurrency:

Basic – pay a $100 fee to invest $100 to $1000 for 1 year

Essential – pay a $250 fee to invest $100 to $2500 for 1 year

Premium – pay a $500 fee to invest $100 to $5000 for 1 year

Pro – pay a $1000 fee to invest $100 to $15,000 for 1 year

Ultimate – pay a $5000 fee to invest $100 to $100,000 for 2 years

Max – pay a $10,000 fee to invest $100 to $1,000,000 for 3 years

This is done on the promise of a passive return, purportedly generated via an AI trading bot.

Defily also offers “pay as you go” plans (1 year) with 5% to 10% fees (calculated on received returns).

The MLM side of Defily pays on affiliate investor recruitment.

Defily Affiliate Ranks

There are eight affiliate ranks within Defily’s compensation plan.

Along with their respective qualification criteria, they are as follows:

Jade – pay for and maintain access to Defily’s investment scheme, and generate $2000 in investment access fees on both sides of the binary team

Sapphire – maintain access to Defily’s investment scheme and generate $6000 in investment access fees on both sides of the binary team

Ruby – pay for Essential tier or higher access to Defily’s investment scheme, and generate $20,000 in investment access fees on both sides of the binary team

Emerald – pay for Premium tier or higher access to Defily’s investment scheme, have

🤖 Quick Answer

What is Defily and who is associated with it?

Who is Parwiz Daud and what is his background?
Parwiz Daud is a cryptocurrency entrepreneur with extensive involvement in MLM and Ponzi schemes. He co-founded OneCoin and later launched Validus in 2021 alongside Mansour Tawafi, another OneCoin associate, before transitioning to Defily.

What regulatory actions have been taken against Validus?
Validus faced fraud warnings from New Zealand, Australia, and Belgium before collapsing in April 2023. Dubai subsequently issued a securities fraud warning

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