A few days ago we covered the scammers behind Futures Trade
funneling victims into LogicBitInvest
.

Since then we’ve seen a number of identical emails sent out to victims of other collapsed schemes.

Abandoning their initial “regulators!” exit-scam, the “please join LogicBitInvest” email switched up to “we got hacked!”.

Recent updates to the withdrawal system gave way to a hack attempt, the website domain was compromised and this disrupted the activity of the server and it couldn’t process withdrawal.

All funds have been successfully secured and encrypted in codes and backed up in our offline database.

This exact same language has appeared in multiple emails sent out, redirecting victims of seemingly unrelated schemes to LogicBitInvest.

Our first example was sent out on January 27th, targeting victims of LeoBits:

LeoBits promised investors 12% a day.

Another email targets victims of Girali:

Girali promised investors a 200% ROI.

Both LeoBits and Girali are believed to have launched in late 2021. They then collapsed in January or February 2022.

A third email cited by BehindMLM uses the same language to target Upistic victims.

Upistic
was another late 2021 launch daily returns Ponzi scheme.

Taking a slightly different tack, Upistic victims are being redirected to Coinsurance.

Coinsurance is an hourly returns MLM Ponzi. Commissions are paid down four levels of recruitment (7%, 2% and 1% on 3 and 4).

Seems like there’s a Ponzi syndicate out there running these schemes, collapsing them and then funneling victims into reload scams.

Alexa traffic estimates reveal neither LogicBitInvest or Coinsurance have taken off.

🤖 Quick Answer

What is the Futures Trade and LogicBitInvest connection?
Futures Trade operators redirected victims to LogicBitInvest following the scheme's collapse. Scammers sent identical emails claiming security breaches and fund encryption, employing consistent language across multiple fraud schemes to consolidate victims into a single fraudulent platform.

How do MLM Ponzi schemes operate in cryptocurrency fraud?
These schemes combine multi-level marketing structures with Ponzi mechanics, promising investment returns while recruiting new participants. Operators use technical jargon about encryption and offline databases to create credibility, ultimately funneling victim funds through interconnected fraudulent platforms.

What tactics do scammers use during exit schemes?
Initial tactics include regulatory compliance claims followed by pivot narratives such as security breaches or hacking incidents. Standardized language across multiple collapsed schemes indicates coordinated fraud networks, using technical explanations to justify fund

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