The Blockchain Era has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC).

As per 
ASIC’s April 23rd warning
, Xera

is likely to be offering financial services to Australian consumers.

It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee.

Offering securities without registration with ASIC constitutes securities fraud under Australian law.

The Blockchain Era
was the fourth reboot of the thrice-collapsed WeWe Global Ponzi scheme.

WeWe Global launched in 2021. The 
first iteration
 was as simple MLM crypto Ponzi built around WEWEX tokens.

When the WEWEX Ponzi collapsed, WeWeGlobal 
introduced LyoFI and LyoPay
 (presumably LyoTrade came along at some point too).

This reboot also saw Luiz Goes come out of the shadows, as CEO of the Lyo* companies.

The second iteration of WeWe Global was the same Ponzi scheme, this time built around LYO tokens. When that collapsed towards the end of 2022, a 
third reboot
 was launched through LFI token.

Following a 
securities fraud from New Zealand
 in February 2023, WeWe Global’s third Ponzi reboot 
collapsed
 in August 2023.

In early 2024 The Blockchain Era collapsed. The scam continued as
Xera
by combining with the also collapsed
Safir International
and
Success Factory
Ponzi schemes.

ASIC issued a separate
Xera securities fraud warning
on April 23rd.

Update 25th November 2025 – 
Luiz Goes claims
[redacted] ran WeWe Global and its successor Ponzi schemes
.

🤖 Quick Answer

What is The Blockchain Era according to ASIC's securities fraud warning?
The Blockchain Era is the fourth reboot of WeWe Global, a collapsed Ponzi scheme that initially launched in 2021 as an MLM cryptocurrency operation centered on WEWEX tokens. ASIC warns it offers financial services without proper Australian licensing or authorization.

Why did ASIC issue a warning against The Blockchain Era?
ASIC issued the warning because The Blockchain Era offers securities to Australian consumers without holding an Australian financial services licence or credit licence, and without being authorized by a licensee, constituting securities fraud under Australian law.

What were the previous iterations of The Blockchain Era?
The Blockchain Era evolved from WeWe Global's failed MLM crypto Ponzi scheme. Following WEWEX token collapse, WeWe Global introduced alternative products including LyoFI and LyoPay

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