The Lusate Ponzi scheme has collapsed.

On June 16th Lusate’s website was reverted to a diagnostic page, indicating the entire site and backend had been deleted:

As BehindMLM understands it, in the lead up to its collapse Lusate held an “exclusive package” promo to encourage new investment.

In hindsight, this was an attempt to fatten the pot as much as possible before disappearing.

Lusate
was an MLM crypto Ponzi that launched in April 2023.

Believed to be run by Russians, Lusate pitched daily returns of up to 1.3% a day.

SimilarWeb tracked a massive decline in Lusate website traffic between April and May 2023:

June likely wasn’t faring any better, prompting the scammers behind Lusate to pull the plug.

Lusate victim numbers and how much was collectively lost remains unknown.

Update 22nd March 2024 –
Recovery scammers have set up the domain “lus-ate.com”.

The website is presented as a reboot of Lusate, running on a generic finance website theme.

Anyone interacting with the Lusate recovery scam is advised it will only lead to more losses.

🤖 Quick Answer

What was the Lusate Ponzi scheme?
Lusate was an MLM cryptocurrency Ponzi scheme launched in April 2023, allegedly operated by Russian actors. It promised daily returns up to 1.3% and collapsed on June 16th when its website was replaced with a diagnostic page, indicating complete deletion of the site and backend infrastructure.

How did Lusate attempt to sustain itself before collapse?
Prior to its collapse, Lusate promoted an "exclusive package" offer designed to encourage new investments and accumulate maximum capital. This promotional strategy served as a final attempt to increase funds before the operators disappeared with investor money.

What indicators preceded Lusate's collapse?
SimilarWeb data documented a significant decline in website traffic between April and May 2023. The continued downward trajectory through June prompted the scheme operators to terminate operations and remove all online infrastructure.

**What information exists about Lus

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