Although Global Aid Club launched in late September 2023, its smart-contract wasn’t created till October 5th.

BehindMLM
reviewed Global Aid Club
on October 7th, identifying it as a Ponzi scheme.

We also identified Andrew Colquhoun as the creator of Global Aid Club’s marketing material, as well as the likely owner of parent company SpicyDevs.

A few hours after our review was published, Colquhoun
turned up
to deny he was running Global Aid Club.

A few hours after that, Colquhoun and his accomplices drained Global Aid Club’s smart-contract and disabled withdrawals.

As of October 5th, Global Aid Club’s smart-contract held 530 BNB, or approximately $111,720.

This rose to a peak of $1048 BNB ($222,492) on October 7th.

On October 8th,
Global Aid Club’s smart-contract
was drained to 2 cents.

As usual, only admins like Colquhoun, early investors and top Global Aid Club promoters made any money.

Update 10th October 2023 – 
Global Aid Club’s admin has been
outed as US-resident Michael OBrien
.

/end update

While we know Global Aid Club investors lost a quarter of a million dollars, total victim numbers are unknown.

🤖 Quick Answer

What is Global Aid Club and why did it collapse?
Global Aid Club is a cryptocurrency-based Ponzi scheme launched in September 2023. BehindMLM identified it as fraudulent on October 7th. Shortly after, operators drained the smart contract of approximately 528 BNB (worth over $220,000) and disabled user withdrawals, causing the scheme's collapse.

Who was responsible for Global Aid Club's operations?
Andrew Colquhoun created Global Aid Club's marketing materials and likely owned parent company SpicyDevs. After BehindMLM published its review identifying the scheme, Colquhoun initially denied involvement, then orchestrated the theft of funds alongside accomplices.

How much cryptocurrency was stolen from Global Aid Club?
The smart contract peaked at 1,048 BNB (approximately $222,492) on October 7th, 2023

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