Zionix Global has collapsed for a second time.
On or around December 1st, CEO Jenna Zwagil sent out an email advising investors that, unless new money is committed, withdrawals have been disabled. US investors have additionally been cut off completely.
Zionix Community,
I’m going to speak with full transparency because that’s what you deserve.
The crypto market has been in a brutal, extended downturn since October. This wasn’t a flash crash. It was a slow, grinding decline that hit every major trading model across the industry, ours included.
Our legacy arbitrage bot took a significant hit during this window. Roughly 40% of trading capital was impacted. We stepped in with reserves to stabilize the system, but the drawdowns have reached a point where continuing to run the legacy bot right now would risk deeper losses.
To protect our community and prevent further damage, we are taking two immediate actions:
⸻
1. Pausing All Trading on the Legacy Bot
The bot is halted so it cannot lose another dollar in this market condition. This pause is temporary and strategic.
⸻
2. Temporarily Pausing Withdrawals (Up to 60 Days)
This is not a decision we wanted to make but it’s the responsible one.
Zionix Global is a Dubai-based reboot of the
collapsed Zater Capital Ponzi scheme
.
Jenna Zwagil is the face of Zionix Global, however the scheme is believed to be run by scammers
hiding in Dubai
.
In violation of financial laws in every country with a regulated market, Zionix Global fails to provide consumers with any verifiable information regarding its purported trading activities.
Zionix Global is also not registered to offer securities in any jurisdiction. Nor is the company registered with any commodities regulators (e.g. CFTC in the US).
This lends itself to Zionix Global not having a trading bot, meaning all of this is a ruse to explain away running out of new investment to pay withdrawals.
The sixty-day withdrawal pause is a common exit-scam ruse tactic used by Ponzi schemes. Firstly, even if there was a trading bot having issues, what does that have to do with investors withdrawing funds not in use by the bot?
Secondly, stopping withdrawals now prevents Zionix Global investors from withdrawing funds over the holiday period. December and January are typically difficult months for Ponzi schemes, as investors withdraw funds for use elsewhere.
With withdrawals disabled, Zionix Global is now pitching “NFTBot”, a second unregistered investment scheme:
The Good News: The NFT HFT Bot is Crushing It
The newer NFT-powered bot is built on completely different technology:
• High-frequency trading
• Fast-cycle algorithms
• A separate back office
• Completely independent from the legacy system
• Zero commingled capital
This bot isn’t affected by the legacy drawdowns. It thrives in volatility.
Access Opens Wednesday
Zionix Global NFT trading bot scheme pitches investors on up to 2% a day.
Zionix introduces a limited collection of 5,000 NFT
🤖 Quick Answer
What happened to Zionix Global in December 2024?Zionix Global collapsed for a second time after its legacy arbitrage trading bot suffered approximately 40% losses on trading capital during a prolonged cryptocurrency market downturn beginning in October. CEO Jenna Zwagil communicated to investors that withdrawals were disabled unless new capital commitments were made, and US-based investors were completely cut off from the platform.
Why were Zionix Global withdrawals disabled?
Withdrawals were disabled because the extended crypto market decline severely impacted Zionix Global's arbitrage trading model, eroding roughly 40% of trading capital. Company reserves deployed to stabilize the system proved insufficient to cover ongoing drawdowns, prompting leadership to halt redemptions and require new capital commitments to maintain operations.
Were US investors affected by the Zionix Global collapse?
US-based investors were di
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