Erich Ely’s Trillant Ponzi scheme has collapsed.

In a December 27th “important notice” posted on its website, Trillant advised investors withdrawals have been disabled.

Trillant’s exit-scam ruse of choice is a “compliance review”.

We are currently undergoing a compliance review due to negative reports in the media.

Our lawyers are working intensively on the matter and are in direct contact with the relevant authorities.

All details are currently being thoroughly examined. As soon as we have the results, we will inform you immediately.

Due to this ongoing legal review, we are temporarily forced to take the following unfortunate steps:

-Deposit of Litecoin or Bitcoin to activate new add-on packages is paused

-Payout of Trillon and Trillon External on XT.com will be paused

-Profits on the staking of Trillant and Add-On and the associated commissions are paused

Trillant’s collapse follows
news of a German fraud investigation
back in July.

Trillant was a simple MLM crypto Ponzi, utilizing the common “staking” model.

Total Trillant investor losses are unknown but the majority of victims are believed to be from Germany and Switzerland.

As of November 2023, SimilarWeb tracked ~68,000 monthly visits to Trillant’s website. Top sources of traffic were Germany (30%), Switzerland (29%) and Poland (11%).

Ely launched Trillant following the
collapse of Paraiba World
in late 2022. Launched in 2019,
Paraiba World
was Ely’s first MLM crypto Ponzi.

Germany
,
Austria
and
Switzerland
issued Paraiba fraud warnings. Unfortunately until the Trillant investigation in 2023, no further action was taken.

As of December 2023, the German investigation has expanded to include Trillant. German, Swiss and Austrian authorities are reported to be
investigating investment fraud and money laundering
.

Public Prosecutors believe football club DSV Leoben was central to laundering Paraiba World investor funds. Twenty suspects across Austria, Germany and Switzerland have been identified.

Ely himself is a German national. Rumored to have
fled to Dubai
, following Trillant’s collapse Ely’s current whereabouts and status remain unknown.

Update 3rd October 2024 – 
Erich Ely has resurfaced to announce a
Trillant exit-scam
. As part of the exit-scam, Ely will step down as Trillant’s CEO and disappear.

🤖 Quick Answer

What is Trillant and why did it collapse?
Trillant was a cryptocurrency investment scheme operated by Erich Ely that collapsed in December. The operator disabled withdrawals and suspended deposit operations, citing an ongoing compliance review following negative media reports and alleged legal investigations by authorities.

What measures did Trillant implement following the collapse?
Trillant suspended new cryptocurrency deposits in Litecoin and Bitcoin, paused profit payouts on the XT.com exchange, and froze account activations. Management claimed lawyers were conducting intensive reviews in coordination with relevant regulatory authorities investigating the scheme.

What exit strategy did Trillant employ?
Trillant utilized a compliance review mechanism as its exit-scam strategy. This approach allowed operators to freeze all withdrawal and deposit functions indefinitely while claiming legal obligations required operational suspension pending investigation outcomes.

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