Onward Capital has collapsed.
Entry to the Ponzi scheme’s web site has been disabled, leading to a HTTP error.
On the time of publication Onward Capital’s social media accounts are nonetheless up, though these are anticipated to be disabled quickly.
Onward Capital solicited funding in bitcoin and ethereum.
The Ponzi scheme’s collapse follows a weekly decline of 21% and 38% for the 2 respective cryptocurrencies.
BehindMLM reviewed Onward Capital late final month.
Following publication of our overview, a BehindMLM reader was fast to establish its Boris CEO as Russian actor Oliver Siou (lit: Оливье Сиу).
Primarily based on present Alexa site visitors estimates, Onward Capital’s victims are primarily from Senegal, Vietnam and Canada.
Owing to Onward Capital buyers sending cryptocurrency to scammers in Russia, restoration of funds is just about not possible.