Sometime over the last few days the SofTrade AI Ponzi scheme has collapsed.

At the time of publication SofTrade AI’s website is unresponsive. The company’s fake CEO Ryan Baines has disappeared.

Yeah, I’m just as shocked as you are.

From what I’ve been able to piece together, SofTrade AI stopped paying withdrawals a few weeks back.

On April 12th Ryan Baines changed the company’s official Facebook pages from “SofTradeAI Trading Academy” and “SofTradeAI Global” to “Trading Academy” and “Online Investment Business” respectively.

SofTrade AI’s official YouTube channel has also since been closed.

The fake Ryan Baines Facebook profile is still up, although it’s been scrubbed back to February 2nd.

SofTrade AI
launched earlier this year and promised investors 2% to 4% daily returns.

Ryan Baines was
outed as actor Marko Stevic
in February. After we published our article, the SofTrade AI admin using the Baines account attempted to reassure investors:

Here we are just over a month later.

Total SofTrade AI investor losses are unknown. Given whoever is running and profited from SofTrade AI is believed to be based out of eastern Europe, regulatory action is unlikely.

🤖 Quick Answer

What is SofTrade AI and what happened to it?
SofTrade AI was an investment scheme launched in early 2024 that promised daily returns of 2-4% to investors. The platform collapsed when it stopped processing withdrawals weeks ago. The website became unresponsive and the company's purported CEO, Ryan Baines, disappeared without explanation.

Who was Ryan Baines and what role did he play?
Ryan Baines was identified as the CEO of SofTrade AI, though this identity appears to have been fabricated. He managed the company's public presence across social media platforms before vanishing as the scheme collapsed and investigators pursued the case.

What evidence indicates SofTrade AI was a Ponzi scheme?
The scheme's hallmark characteristics included unsustainable promised returns of 2-4% daily, sudden cessation of withdrawal payments, platform unresponsiveness

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