The Sybbex Ponzi scheme has collapsed.

Sometime in the last 24 hours Sybbex’s website has been disabled. Most of Sybbex’s social media accounts have also been deleted.

Sybbex’s official FaceBook page hasn’t been deleted yet but was abandoned on April 4th.

Sybbex
was a Boris CEO MLM Ponzi scheme run by Russians.

Fronting Sybbex was “William Hollan”, played by an actor in Moscow.

Sybbex solicited investment in tether (USDT) on the promise of up to 3.4% a day.

At time of collapse, SimilarWeb was tracking ~31,800 monthly visits to Sybbex’s website. As of February 2025, 54% of Sybbex’s website traffic originated from France, 34% from Brazil and 7% from India.

While SimilarWeb’s tracking gives an idea of where Sybbex investors are from, total losses remain unknown.

Update 19th April 2025 – 
Sybbex’s collapse coincides with an
April 10th securities fraud warning
issued by the Central Bank of Ireland.

🤖 Quick Answer

What was the Sybbex scheme?
Sybbex was a Ponzi scheme operated by Russian actors that solicited cryptocurrency investments in USDT (Tether). The scheme promised returns of up to 3.4% daily and was fronted by a fictional character named "William Hollan," portrayed by an actor based in Moscow, operating as an MLM-style investment opportunity.

When did Sybbex collapse?
Sybbex collapsed in mid-April 2025. The scheme's website was disabled within a 24-hour period, and most associated social media accounts were subsequently deleted, though the official Facebook page remained inactive since April 4th.

Where were Sybbex investors primarily located?
According to SimilarWeb traffic analysis, Sybbex's investor base was predominantly distributed across three countries: France (54% of traffic), Brazil (34%), and India (7

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