MyDaina's AI Trading Scheme Masks a Classic Ponzi Using Fake Executives

A cryptocurrency investment platform called MyDaina is operating one of the most brazen identity frauds in recent MLM history, using stolen identities and impossible returns to lure investors into what appears to be a classic Ponzi scheme.

MyDaina's website lists three executives who don't exist. The supposed CEO, "Joaquin Canal," is actually Juan Manuel Lanuza Belmonte, a CTO at the now-defunct shitcoin exchange BitBCN. VP of Sales "Rawad Nassar" is really Thaher Miah, a regional director at Singapore-based crypto exchange Coinstore. Miah appears in two of four videos on MyDaina's YouTube channel, actively portraying the fictional executive role.

The company provides no legitimate ownership information on its website. Its domain, mydaina.com, was privately registered on July 22nd, 2023. MyDaina refuses to disclose its operating location.

The money trap is straightforward. Investors buy into one of ten tiers by depositing USDT cryptocurrency. The entry points range from $25 for "A.I Discover" up to $50,000 for "A.I Goat." The company promises returns of up to 1.5% daily, capped at 360% annually. A separate PAMM investment plan offers 20% monthly returns on a $100 minimum.

These numbers are nonsensical. No legitimate investment consistently delivers 1.5% daily returns. That's 547% annually—far beyond what any real-world asset class produces. The math only works if money from new investors pays returns to earlier ones, the defining mechanism of a Ponzi scheme.

MyDaina has zero actual products. Affiliates market nothing but membership itself. The company makes money exclusively through recruitment. Investors who sign others up earn MLM commissions, but those commissions are capped based on investment level. An A.I Discover investor maxes out at $12.50 daily in commissions. The A.I Amateur tier caps at $25 a day.

There's an additional trap buried in the fine print. If an investor's passive returns plus MLM commissions reach 500% combined, they must reinvest to keep earning. This forces capital deeper into the scheme and prevents withdrawals.

The operation spans multiple countries. MyDaina held marketing events in Vietnam and Korea, with presentations in English, suggesting a global recruitment push targeting different markets.

The fake identities compound the fraud. Using real people's identities—Miah from Coinstore, Belmonte from BitBCN—lends false credibility. Both men appear connected to existing crypto operations, making the scheme seem more legitimate than it is.

Anyone considering handing money to MyDaina should understand what they're actually buying: a promise of returns that violates basic financial mathematics, managed by people using stolen identities, with zero transparency about company ownership or operations. This has every hallmark of a Ponzi that will collapse once new investor money dries up, leaving late entrants with nothing.

🤖 Quick Answer

What is MyDaina and what are its core operations?

Who are the executives listed on MyDaina's official website?
MyDaina's website identifies three executives: CEO Joaquin Canal, VP of Sales Rawad Nassar, and a third unnamed officer. However, investigations reveal these names are aliases used to conceal the identities of actual individuals associated with defunct cryptocurrency exchanges and regional crypto operations.

What evidence suggests MyDaina operates as a Ponzi scheme?
MyDaina demonstrates classic Ponzi characteristics including fictitious executive identities, undisclosed ownership structure, promised returns inconsistent with market standards, and reliance on recruitment-based compensation rather than legitimate trading profits or

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