The MyGTExchange Ponzi scheme has collapsed.

Following months of withdrawal delays, MyGTExchange informed investors it has now cancelled all pending withdrawal requests.

MyGTExchange is a crypto Ponzi run by Jhony Depresseux, a
serial fraudster
from Europe
hiding out in Dubai
.

GTExchange saw investors
pitched on 1% a week
, paid out in GT tokens.

As per MyGTExchange’s website, GT tokens were cashed out for tether (USDT).

Stable Earnings

Convert your GT Tokens into USDT and get stable payouts from your Exchange Contracts without any Market Volatility.

On November 1st, MyGTExchange informed investors their “stable earnings” had come to an end.

We have taken the following steps to better serve our members and unlock new opportunities:

Cancellation of “pending” withdrawals Existing pending withdrawals will be canceled, and the funds will be returned to your wallet.

MyGTExchange has also restricted investors from transferring backoffice USDT balances to other platforms. And, as of December 1st, MyGTExchange investment contracts will be reduced from 150 weeks to 100 weeks.

The changes follow reports from investors about MyGTExchange withdrawal issues
dating back to at least August 2024
.

Why should be obvious. There is no new investment to pay out.

After tracking just 834 monthly visits to MyGTExchange’s website in August, traffic in the following months dropped too low for SimilarWeb to pick up.

At present the only thing MyGTExchange investors can do with their backoffice USDT balance is invest in “MyGT-Packs”.

With 200 USDT in your wallet, you can now purchase a “MyGT-Pack” from Kryptonomy. This special Pack will yield you 2 USD per week for 100 weeks in Reserve.

This allows you to compound K-Packs faster toward the goal of 100 K-Packs, maximizing the combination of MyGTExchange and Kryptonomy.

MyGT-Packs are being offered through
Kryptonomy
, another Depresseux crypto Ponzi.

Recent monthly traffic to Kryptonomy’s website has also been too low for SimilarWeb to track.

🤖 Quick Answer

What is MyGTExchange and how did it operate?
MyGTExchange was a cryptocurrency Ponzi scheme operated by Jhony Depresseux, a serial fraudster of European origin based in Dubai. The platform offered investors returns of approximately 1% per week, paid in proprietary GT tokens that could be converted into tether (USDT), marketed as stable earnings free from market volatility.

When did the MyGTExchange Ponzi scheme collapse?
The MyGTExchange Ponzi scheme collapsed in late 2024, following months of withdrawal delays. On November 1st, the platform officially informed investors that all pending withdrawal requests had been cancelled, effectively confirming the scheme's inability to meet its financial obligations to members.

Who is Jhony Depresseux in relation to MyGTExchange?
Jhony Depresseux is a European serial fraud

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