My Passive Trades pulled the plug on payouts this week, blaming a pandemic that conveniently arrived just as the scheme ran out of other people's money.

The investment platform announced it was suspending all trading, earnings, deposits, and withdrawals. In a statement posted on its website, the company claimed COVID-19, the oil war, and unnamed "other factors" had made it impossible to hit profit targets. Translation: the cash dried up.

My Passive Trades promised daily returns of up to 1.25% to investors who bought into its program. The scheme operated as an adpack Ponzi—meaning it paid old investors with money from new ones, a model that works until it doesn't. In this case, it stopped working when withdrawals outpaced fresh investments.

The company launched in June 2019 and operated without registration to offer securities in any of the jurisdictions where it solicited money. It never provided evidence that actual external revenue existed to fund those daily payouts. The returns simply came from newly recruited investors funneling cash into the system.

Regulators have no record of My Passive Trades obtaining legitimate business licenses or demonstrating any real trading activity. The operation worked like thousands of other Ponzi schemes before it—growing exponentially until the pool of new money dried up and the whole structure collapsed.

What makes My Passive Trades notable is timing. As the pandemic swept across markets in March and April 2020, dozens of fraudulent schemes seized on the chaos as cover for shutdown. My Passive Trades appears to be among the first to explicitly use COVID-19 as its exit excuse. The company blamed external market conditions rather than the fundamental math that makes Ponzi schemes unsustainable.

The collapse affected an unknown number of investors who had placed capital into the platform expecting returns. Many likely lost everything. Since the company never registered anywhere and operated entirely online, victims have minimal legal recourse.

By May 7, 2020, the situation deteriorated further. My Passive Trades attempted a brief reboot under the EurekaCoin name but collapsed again almost immediately. The second failure came even faster than the first, suggesting desperation rather than any genuine operational change.

Investigators expect this pattern to repeat across multiple platforms in the following weeks and months. The pandemic provided perfect cover for schemes to blame external forces while insiders disappeared with remaining investor funds. Each collapse follows the same playbook: promise outsized returns, recruit aggressively, suspend withdrawals when questioned, then cite unforeseen circumstances before vanishing entirely.

My Passive Trades serves as a blueprint for how online fraud operations use major crises to mask their fundamental illegality. The scheme extracted capital from investors through a fraudulent structure, operated without oversight, and used a global catastrophe as its exit strategy. The investors left holding nothing had no realistic way to recover their money or identify who took it.

🤖 Quick Answer

What was My Passive Trades and how did it operate?
My Passive Trades was an investment platform launched in June 2019 that operated as an adpack Ponzi scheme. It promised daily returns up to 1.25% to investors, funding payouts to existing members using deposits from new participants rather than legitimate profits.

Why did My Passive Trades suspend operations?
The platform announced suspension of all trading, earnings, deposits, and withdrawals in 2020, citing COVID-19, the oil price war, and unnamed factors as obstacles to meeting profit targets. The scheme collapsed when withdrawal requests exceeded incoming investments.

What type of fraud scheme was My Passive Trades?
My Passive Trades operated as a Ponzi scheme specifically structured as an adpack model. This fraudulent investment scheme relied on continuous recruitment and new investor capital to generate returns for earlier participants, an unsustainable structure ultimately

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