A shell company tied to a defunct cryptocurrency Ponzi scheme is back on Canadian regulators' radar.

My BlockX received a securities fraud warning from the Ontario Securities Commission on May 17th. The OSC confirmed the company isn't registered in Ontario to trade securities. More damning: the regulator identified My BlockX as a continuation of My Blockchain Life, an earlier Ponzi operation that promised investors annual returns up to 580%.

Last September, investigators with BehindMLM found My BlockX pitching its "staking" model to affiliate investors. The scheme was hemorrhaging by then. When checked in April 2023, the company's website pulled just 2,500 visits. The company had essentially become a zombie operation.

But someone's trying to resurrect it. The OSC warning suggests fresh recruitment efforts in Canada triggered the regulatory response.

Behind the operation stands Jeremie Sowerby, a Canadian national operating out of Arizona. Sowerby has maintained a careful distance from his companies, letting others handle public operations. Glenn Williams fronted My BlockX initially until his death in October 2021, leaving Sowerby to quietly steer the ship.

This isn't Sowerby's first rodeo with dubious cryptocurrency ventures. He launched Dunamis Mining in early 2019, marketing it as a crypto mining MLM. Within months of launch, Sowerby brought in Joe Abel—the scammer behind BitClub Network—and rebranded as Dunamis Global Tech. The operation collapsed by the end of 2019.

Rather than shut down, Sowerby sold the company's affiliate investor base to Travis Bott's Onyx Lifestyle, another Ponzi scheme. My Blockchain Life emerged just months later in mid-2020, recycling the same playbook with a new name.

The pattern is unmistakable: scheme launches, scheme collapses, investor base transfers to the next venture, rinse and repeat.

My BlockX's problems extended beyond Canada. Earlier in its lifespan, US-based investors tried dumping worthless BLKX tokens onto unsuspecting Colombians. Those efforts fizzled along with the company's traffic numbers.

The OSC warning represents a concrete acknowledgment that My BlockX never stopped operating—just shrunk dramatically. The traffic data tells the real story: a company in free fall, abandoned by most participants, propped up by whatever infrastructure Sowerby could salvage.

What triggered the new warning remains unclear. Whether Sowerby was genuinely attempting fresh Canadian recruitment or someone simply filed a complaint against the zombie operation, the result is the same: regulators have officially flagged My BlockX as unregistered and fraudulent. For investors considering the company, that warning should be the last word.

🤖 Quick Answer

What is My BlockX and why did it receive a securities fraud warning from Ontario regulators?
My BlockX is a shell company linked to My Blockchain Life, a defunct cryptocurrency Ponzi scheme. The Ontario Securities Commission issued a securities fraud warning on May 17th, confirming the company operates unregistered in Ontario. Investigators identified My BlockX as a continuation of the previous operation that promised investors annual returns reaching 580%.

How did My BlockX operate and what were its business claims?
My BlockX promoted a "staking" model to affiliate investors as its primary business mechanism. The scheme involved cryptocurrency-related investment promises. By April 2023, the company's website attracted only 2,500 monthly visits, indicating severe operational decline and minimal investor engagement despite continued promotional activities.

What evidence suggests My BlockX represents a revival of fraudulent activity?
The OSC warning indicates someone is attempting to resurrect the

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