A pair of major cryptocurrency Ponzi schemes operated by Aleksey Muratov has imploded, leaving thousands of investors with worthless tokens.
Both Prizm and Roy Club have shut down their operations. The original Prizm website at prizm.club expired around May 7th, according to domain records. Roy Club's site now blocks all visitors from accessing it. Muratov, however, isn't disappearing quietly. He's launched Prizm Space, a reboot designed to keep his most loyal victims engaged and hoping for a recovery that will never come.
The collapse of Prizm became visible in mid-April. Trading volume on the PZM token tells the story. Daily volume swung wildly from around $500 to over $2 million during the final pump—the classic pattern of exit fraud. Then it crashed. Now the token trades just a few thousand dollars daily. The scheme is dead.
Roy Club followed a similar playbook. The operation introduced a token called UMI that was never even listed on public exchanges. It quietly died internally, abandoned without ceremony.
Muratov faces virtually no legal consequences for the fraud. Foreign investors scattered across multiple countries have little recourse against someone operating from Russia. His reported ties to Donetsk complicate matters further. Russian authorities show little interest in pursuing the case. Ukraine, meanwhile, is fighting a war and has bigger problems than Ponzi schemes.
The geographic data reveals where the victims are concentrated. Prizm Space now draws most of its traffic from Russia (22%), Ukraine (16%), Lithuania (15%), Australia (14%) and Kazakhstan (7%). Traffic from Russia and Ukraine is declining month over month, but Lithuania is seeing a suspicious surge upward. That's not investors recovering their money. That's new victims entering a dead scheme.
Roy Club victims are scattered differently. Argentina accounts for 58% of the platform's visitors, followed by Russia at 22%, the US at 9%, Belarus at 6% and Ukraine at 3%. The Russian and Ukrainian visitor numbers are both dropping sharply, suggesting most of those investors have already accepted their losses and moved on.
What's remarkable is that Muratov continues the charade at all. Prizm Space exists purely to extract whatever remaining value he can from the holdouts still clinging to hope. There's no product, no legitimate business operations, no path to recovery. Just a holding pattern designed to delay the moment when the last investors give up.
The schemes preyed on people in economically struggling regions looking for quick gains. Some lost their life savings. Others borrowed money they couldn't afford to lose. They believed the promises of guaranteed returns and network effects that would make early investors rich.
Now they own tokens worth nothing. The websites are gone. The operator remains unpunished and inaccessible. Muratov will likely never face a courtroom for his crimes. The victims are left to absorb the loss and move forward with their lives.
🤖 Quick Answer
What were Prizm and Roy Club?Prizm and Roy Club were cryptocurrency investment schemes operated by Aleksey Muratov that collapsed in 2024, leaving thousands of investors with worthless tokens. Both platforms shut down operations, with Prizm's website expiring in May and Roy Club blocking all user access thereafter.
Who is Aleksey Muratov?
Aleksey Muratov is the operator behind both the Prizm and Roy Club cryptocurrency schemes. Following their collapse, he launched Prizm Space as a successor project, maintaining engagement with remaining investors despite the earlier platforms' failures.
What is Prizm Space?
Prizm Space is a reboot cryptocurrency project launched by Aleksey Muratov following the collapse of the original Prizm scheme. It was designed to retain loyal investors from the previous platform and maintain their participation despite the predecessor's failure.
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