A cryptocurrency scheme called NRGY is operating all the hallmarks of a classic Ponzi operation, just wrapped in DeFi and MLM language.

Three serial scammers are pushing the token: Vitaly Dubinin, Peter Ohanyan, and Duane Noble. Each has a track record of promoting failed crypto schemes. Dubinin was recently pitching Daisy AI before it collapsed. Ohanyan was heavily involved with EvoRich, a spinoff of the Skyway Ponzi scheme. Noble was promoting Brank. Now all three are out recruiting for NRGY.

The scheme is hosted on fleek.co, a platform that bills itself as a censorship-resistant alternative to traditional web hosting—in other words, exactly the kind of place where scams thrive without oversight.

NRGY calls its recruitment program "Community Builder." Members connect their cryptocurrency wallets and buy NRGY tokens using Ethereum or USD Coin. The tokens are then staked with the company. The more tokens you park, the bigger your slice of the weekly payout pool.

That weekly pool promises a "targeted 4%" return on staked tokens. In the first three weeks, though, NRGY has been dangling returns as high as 30% to hook early investors. None of it matters. All returns are paid in NRGY tokens, which cost the scheme's operators nothing to create.

To make recruitment worthwhile, NRGY offers referral commissions down two levels: 15% on your direct recruits and 10% on their recruits. Guess what form those commissions take? NRGY tokens.

Want to cash out? That requires submitting a withdrawal request in USDC. NRGY takes a 7.5% cut on the way out.

The mechanics are straightforward. Dubinin, Ohanyan, Noble and whoever's actually running this loaded up on cheap NRGY tokens before launch. As the scheme pumps its promised returns and lures in fresh money, they've already profited massive multiples. New investors chase returns that can only be sustained by pulling in the next wave of recruits. When recruitment slows—and it always does—the scheme collapses and the money stops flowing.

The DeFi and "decentralized" language obscures what this actually is: a Ponzi scheme with a recruiter commission structure glued on top. The fact that transactions happen on a blockchain doesn't make it legitimate. It just makes it harder for regulators to shut down.

NRGY is currently three weeks in. The early promoters have already taken their profits. For everyone else joining now, the math is simple: most will lose money. That's not a possibility with these schemes. It's the design.

🤖 Quick Answer

What is NRGY and what are the characteristics of its operational model?
NRGY is a cryptocurrency scheme combining decentralized finance (DeFi) and multi-level marketing (MLM) elements. It operates through a "Community Builder" recruitment program where members connect cryptocurrency wallets to earn rewards, exhibiting structural similarities to Ponzi schemes through its emphasis on recruitment over legitimate revenue generation.

Who are the key figures promoting NRGY?
Three individuals promote NRGY: Vitaly Dubinin, previously associated with Daisy AI; Peter Ohanyan, connected to EvoRich and the Skyway Ponzi scheme; and Duane Noble, who promoted Brank. Each has documented involvement with failed cryptocurrency projects.

On which platform is NRGY's infrastructure hosted?
NRGY operates on Fleek.co, a decentralized

🔗 Related Articles

- PGI Global completes exit-scam, website offline
- PGI Global reboots Ponzi, Helen L Graham promoted to CEO
- Faraday Hosseinipour gets 2.5 years in prison for I2G fraud
- Fintegri Review: WCX Ponzi altcoin fails, FINT exit-scam initiated
- Philip Han under criminal investigation, condo raided in Brazil