Vladimir "Lado" Okhotnikov's MetaForce scheme has collapsed, trapping over $100 million in investor funds while its architect stalls for time.

Three days ago, Okhotnikov bragged that MetaForce had pulled in more than 100 million DAI—a cryptocurrency stablecoin pegged to the US dollar—from over 300,000 investors. That's $100 million. On the backend, nothing moves. Investors can't access their money.

Instead of fixing the problem, Okhotnikov is blaming the blockchain itself. In a rambling statement, he claimed that the sheer volume of transactions has crippled MetaForce's ability to return frozen funds. Web3 is just too complicated, he argued. Moving money on a decentralized network, he suggested, is harder than recreating an entire fraudulent scheme from scratch.

"The work that we have to do now, the return of erroneously frozen funds—this is a big major project, which, unfortunately, it is unlikely that any of you will ever appreciate it," Okhotnikov wrote.

No one knows how much money he's actually sitting on.

To keep investors engaged, Okhotnikov dangled a roadmap of upcoming launches: a Royalty NFT program, something called UniteVerse, a Classic program with cashback tokens, logistics infrastructure, and a metaverse where "virtual meets reality." Each announcement is designed to convince people their money will eventually materialize into something real.

This is Okhotnikov's sixth reboot of Forsage, a Ponzi scheme he's been running for years. Each version operates identically to the last, just dressed up with whatever cryptocurrency jargon is trendy at the moment.

The SEC filed suit against Okhotnikov last month, alleging his Forsage operations defrauded consumers out of over $300 million. Russian authorities issued a pyramid fraud warning against MetaForce in the same period. Neither action has deterred him.

The numbers show where his targets are. Russia accounts for 26% of traffic to MetaForce's website, according to July 2022 data from SimilarWeb. The UK is nearly as significant at 23%, with traffic spiking 2,993% month over month. Georgia contributes 6%, up 759% month on month.

Okhotnikov operates from Tbilisi, Georgia. Despite the SEC's lawsuit and Russia's public warnings, Georgian authorities have done nothing. He remains free to run his operation from there, collecting deposits and making promises he has no intention of keeping.

🤖 Quick Answer

What is the status of MetaForce and its founder Vladimir Okhotnikov?
MetaForce, a cryptocurrency scheme founded by Vladimir "Lado" Okhotnikov, has collapsed with over $100 million in investor funds frozen. The platform, which accumulated capital from approximately 300,000 investors using DAI stablecoin, has become inaccessible. Okhotnikov attributes the dysfunction to blockchain transaction volume complexity rather than addressing the underlying operational failure.

Why are MetaForce investors unable to access their funds?
MetaForce investors cannot withdraw their funds due to systemic failure within the platform's backend infrastructure. Rather than implementing corrective measures, Okhotnikov has attributed the freezing of assets to inherent limitations of decentralized blockchain networks, claiming transaction volume exceeds the platform's processing capacity for fund distribution.

How has Vladimir Okhotnikov responded to the fund freeze?

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