MetaForce, Vladimir “Lado” Okhotnikov’s newest Forsage reboot, has collapsed.
Investor funds are “frozen” and Okhotnikov is stalling for time.
Three days in the past Okhotnikov (proper), boasted of MetaForce taking in “greater than 100 million DAI” from over 300,000 traders.
DAI is a cryptocurrency stablecoin pegged to the US greenback. This implies Okhotnikov is representing MetaForce has processed over $100 million USD.
Sadly for traders although, on the backend of MetaForce nothing is popping out.
Achievements, nevertheless, have a draw back. The variety of transactions slowed down our course of to return the frozen funds very a lot.
Okhotnikov is blaming the freeze on “WEB3”.
Such is WEB3 – it could develop into extraordinarily advanced a number of issues that may be simply solved on WEB2.
Sure, it’s tough, and lots needs to be redone. And transforming is far more tough than recreating. As a result of we are able to’t undo the previous, abandon all those that have already activated the packages, and do it once more, as if nothing had occurred, though it could be a lot simpler.
Correction work is a number of instances tougher than create new and launch. The work that we’ve to do now, the return of erroneously frozen funds – it is a large main challenge, which, sadly, it’s unlikely that any of you’ll ever respect it.
It’s unclear how a lot in “frozen” investor funds Okhotnikov is sitting on.
To maintain the gravy practice rolling, Okhotnikov has promised to share a MetaForce roadmap. Mentioned roadmap will lay out “the subsequent packages that (he) need(s) to launch”.
Proper now we’re implementing sensible concepts, and seeing how we’re dealing with the scenario, I perceive that with such a workforce we are able to create the most effective merchandise available on the market.
By which the subsequent in line are: Royalty NFT, the UniteVerse program, along with which the IDO of our predominant coin begins, then the total deployment of the Traditional program with cashback tokens and NFT Traditional.
We’ll additionally launch the logistics, on the finish of IDO, our Metaverse shall be launched, wherein we are going to implement the precept of “digital meets actuality”.
The SEC filed go well with in opposition to Okhotnikov final month. The regulator alleges Okhotnikov’s Forsage Ponzi schemes defrauded shoppers out of over $300 million.
MetaForce is Okhotnikov’s sixth Forsage reboot. MetaForce features the identical because the earlier 5 Forsage reboots, however has added crypto buzzword advertising and marketing jargon.
Along with regulatory motion from the US, Russian authorities additionally issued a MetaForce pyramid fraud warning final month.
As ranked by SimilarWeb for July 2022, Russia is the highest supply of site visitors to MetaForce’s web site at 26%.
The UK is an in depth second at 23%, recording a 2993% improve in site visitors month on month. Georgia is available in third at 6%, up 759% month on month.
Okhotnikov is predicated out of Tbilisi in Georgia. So far Georgian authorities have taken no motion in opposition to Okhotnikov or MetaForce.