The OTCAI “click on a button” Ponzi has collapsed.
Launched in April 2022, OTCAI lasted slightly below a month earlier than the scammers behind it pulled the plug.
At time of publication makes an attempt to go to OTCAI’s web site returns a “connection refused” error.
OTCAI associates invested tether (USDT), on the promise of marketed returns.
OTCAI’s “click on a button” Ponzi ruse was clicking a button generated buying and selling exercise.
This was after all baloney. All OTCAI had been doing was recycling invested funds to pay returns.
The MLM facet of OTCAI paid commissions on recruitment of affiliate buyers:
- stage 1 (personally recruited associates) – 15%
- stage 2 – 10%
- stage 3 – 5%
What differentiated OTCAI from all of the cookie-cutter “click on a button” app Ponzis, was the use of a Boris CEO:
As you’d anticipate, “Romser Bennett” was a typical Boris CEO actor with an japanese European accent.
Boris CEOs are usually the work of Russian scammers, whereas “click on a button” Ponzis are popping out of south-east Asia.
OTCAI suggests there could be some crossover occurring in scamworld.
We both have Russians farming out their app Ponzis to China, or the Chinese language farming out manufacturing to the Russian Boris CEO manufacturing unit.
Word that OTCAI isn’t the primary “click on a button” app Ponzi to function a Boris CEO. 365 Ball had one too.
In any occasion OTCAI was comparatively short-lived so monetary harm from its collapse was restricted.
That stated, SimilarWeb estimates OTCAI collapsed across the peak of investor recruitment exercise:
Circa Might 2022, high sources of site visitors to OTCA’s web site had been Ghana (30%), Indonesia (17%), Peru (8%) and Russia (5%).
OTCAI is a part of a bunch of “click on a button” app Ponzis launched over the previous few months.
To date BehindMLM has documented:
- COTP – pretended associates clicking a button generated buying and selling exercise, collapsed Might 2022
- EthTRX is an identical app-based Ponzi, with the every day job element disabled
- Yu Klik – pretends clicking a button generates buying and selling exercise, focusing on Indonesia
- KKBT – pretended clicking a button generates crypto mining income, focused South Africa and India & collapsed early June 2022
- EasyTask 888 – pretends clicking a button was tied to social media manipulation (YouTube likes), targets Colombia
- DF Finance – pretended clicking a button generated “buy knowledge” which was bought to ecommerce platforms, collapsed June 2022
- Shared989 – pretended clicking a button was tied to social media manipulation (YouTube likes and so forth.), collapsed June 2022
- 86FB – pretended clicking a button was tied to playing on soccer match outcomes, collapsed April 2022
- 0W886 – pretended clicking a button was tied to playing on soccer match outcomes, collapsed Might 2022
- U91 – pretended clicking a button was tied to playing on soccer match outcomes, collapsed Might 2022
- 365Ball – pretends clicking a button is tied to playing on soccer match outcomes, (has collapsed a number of already)
- YLCH Soccer – pretends clicking a button is tied to playing on soccer match outcomes
- Parkour – pretends clicking a button is tied to social media manipulation (YouTube likes and so forth.)
There are extra of those scams round that I haven’t obtained to but.
All of the current app-based job Ponzis look like launched by the identical group of scammers.
Based mostly on the usage of simplified Chinese language, I think the group are working out of China or Singapore.