Beware of Futures Trade – Review

We documented the crooks behind Futures Trade directing victims to LogicBitInvest a few days ago.

Since then, we’ve seen a slew of similar emails sent to victims of other defunct scams.

The “please join LogicBitInvest” email changed from “regulators!” to “we got hacked!” after abandoning their first “regulators!” exit scam.

Recent modifications to the withdrawal mechanism resulted in a hack attempt, in which the website domain was hacked, causing the server’s activities to be disturbed and it to be unable to process withdrawals.

All monies have been safely locked, encrypted, and backed up in our offline database.

This exact phrasing has been used in several letters sent out, sending victims of seemingly unrelated schemes to LogicBitInvest.

On January 27th, we sent out our first sample, which targeted LeoBits victims:

LeoBits offered investors a daily return of 12%.

Another email goes after Girali’s victims:

Giraldi offered a 200 percent return on investment to investors.

Both LeoBits and Giraldi are expected to launch by the end of 2021. They eventually went bankrupt in January or February 2022.

The same wording is used to attack Upistic victims in a third email revealed by BehindMLM.

Plastic was a daily return Ponzi scam that debuted in late 2021.

Plastic victims are being sent to Coinsurance, which is a little different approach.

Coinsurance is an MLM Ponzi scheme that pays out hourly. Down four stages of recruiting, commissions are paid (7 percent, 2 percent, and 1 percent on 3 and 4).

It appears that these schemes are being managed by a Ponzi network, which is collapsing them and then funneling victims onto refill scams.

According to Alexa traffic estimations, neither LogicBitInvest nor Coinsurance have gained traction.

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