Veelive has surfaced as a spinoff of Harald Seiz’s failed Minebase Ponzi scheme.

Before we get to Veelive though, we need to look at where MineBase is at.

MineBase
emerged in mid 2022
as a Karatbars International recovery scam fronted by Russians. BehindMLM
reviewed MineBase
in June 2023, confirming it was just another MLM crypto Ponzi.

Seiz’s involvement in MineBase has remained shadowy. Instead of fronting Minebase himself, Seiz has
hidden behind AI generated avatars
.

The original MineBase Ponzi was built around MBASE tokens. MBASE has since collapsed and been abandoned.

In February 2024 Minebase announced new XON token packages. XON was set up on its own domain (“xoncoin.com”), privately registered on December 30th, 2023.

As of July 2024, XON website traffic is too low for SimilarWeb to track. MineBase is also dead, sitting at ~7600 monthly visits (77% of which originates from Russia and Ukraine).

Although MineBase’s website is still up, for all intents and purposes it has collapsed. MineBase abandoned its official Telegram channel and Twitter profile in February and March 2024 respectively.

This brings us to Veelive.

Veelive operates from the domain “veelive.net”, privately registered on April 22nd, 2024 (i.e. about a month after MineBase was abandoned).

Veelive presents itself as a “social media metaverse platform”.

That is to say, Veelive is your typical MLM crypto metaverse AI NFT grift Ponzi.

Participate in the Veelive economy through Metaverse Stock Tokens (MST). Earn annual dividends and a share of the overall metaverse profits by holding MSTs.

Since the original MST launch, Veelive has introduced VLT and VimeTokens. And, as of August 23rd, MineBase’s failed XON token has been relaunched.

I don’t see an MLM component to Veelive, but there is both “partnership” and “influencer” options.

Through Veelive, anyone with a social media following is given the opportunity to steal money from their followers through a curated crypto scam.

Brand Partners recruit influencers and get a cut of what they steal.

Heading up Veelive we have
CEO Yana Seiz
.

Yana has been with Harold Seiz since at least 2020 and they have at least one child together.

It’s unclear whether Seiz met Yana before or after he
fled Europe for Thailand
.

What is clear is Seiz is directly involved in Veelive.

Like MineBase’s and XON’s websites, SimilarWeb is tracking Veelive website traffic as dead. Such to the extent anyone has invested, they are likely to be Russians and Ukrainians rusted on from MineBase.

Yana being from Ukraine likely accounts for recruitment there. There is also a large Russian community in Thailand to build from.

Not expecting any significant updates, other than perhaps MineBase’s website disappearing at some point. Pending anything further happening with Veelive, we’ll keep you posted.

🤖 Quick Answer

What is Veelive and how is it connected to MineBase?
Veelive is a spinoff of Harald Seiz's failed MineBase Ponzi scheme. MineBase itself emerged in mid-2022 as a Karatbars International recovery scam fronted by Russians, operating as an MLM crypto Ponzi built around MBASE tokens, which subsequently collapsed and were abandoned.

Who is Harald Seiz and what role did he play in MineBase?
Harald Seiz is the figure behind multiple fraudulent MLM crypto schemes, including Karatbars International and MineBase. His involvement in MineBase remained deliberately obscured; rather than fronting the operation personally, Seiz concealed his identity behind AI-generated avatars to avoid direct association with the Ponzi scheme.

What happened to MBASE tokens and what replaced them?

🔗 Related Articles

- Gunshots rang out as Karatbars International collapsed
- MasBitcoin CEO’s bodyguards gunned down in Mexico
- Scammers resurrect Traffic Monsoon Ponzi, again
- HashAlpha Review: Staking model MLM crypto Ponzi
- US authorities seek to recover $5.6B from BitConnect scammers