Tradixis has received a pyramid scheme fraud warning from Russia.
As per the
Central Bank of Russia’s January 29th warning
, Tradixis exhibits “signs of a financial pyramid”.
As reviewed by BehindMLM a few days ago,
Tradixis
is an MLM crypto Ponzi fronted by fictional executives. The scam is run through an Australian shell company.
Tradixis investors are pitched on returns of up to 1.5% a day. Attached to this is an MLM compensation plan, paying commissions on recruitment of affiliate investors.
CBR issuing a Tradixis warning suggests the Ponzi scheme has ties to Russia. Or at the very least is being heavily promoted there.
Update 6th March 2024 –
Tradixis has collapsed. Over the last 24 hours all pending withdrawal requests have been rejected.
Tradixis’ website is still up but its YouTube channel and Telegram group have been deleted.
🤖 Quick Answer
What is Tradixis and why did Russia's Central Bank issue a warning?Tradixis is a cryptocurrency investment platform operating as a multi-level marketing scheme offering daily returns up to 1.5%. The Central Bank of Russia issued a January 29th warning identifying it as exhibiting "signs of a financial pyramid" due to its structure combining promised high returns with recruitment-based commissions.
What was the outcome of the Tradixis scheme?
On March 6th, 2024, Tradixis collapsed after operating as a cryptocurrency Ponzi scheme. All pending withdrawal requests were rejected within 24 hours, affecting numerous investors who had contributed funds based on promised returns and recruitment incentives.
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