The Pegasus Ponzi scheme has collapsed.
As of 24-36 hours in the past, associates who try to withdraw are receiving a bitcoin payment error message.
The error message seems to be hard-coded, with the quantity proven static throughout completely different affiliate accounts and tried withdrawal quantities.
Whereas they made their getaway, Pegasus’ admins initially instructed traders the error message was on account of a “cost processor situation”.
It occurred 3 occasions earlier than, and every time it was between 5-6 hours.
Because the hours dragged on, Pegasus got here up with a brand new “upgrades” excuse.
It’s an issue between switching funds from the funding pockets to the funds pockets once we need to add cash to the pockets for payouts we have now a funding and payout tackle.
We don’t prefer to preserve some huge cash within the funds pockets in case of hacking or another occasion, so when paying pockets is empty we simply switch from one pockets to a different.
The pockets we use for that messaged up one thing within the improve, and for that cause previous couple of hours we weren’t in a position to switch cash from funding to cost pockets.
That’s why error exhibits how a lot is left cash in cost pockets.
This implies 0.00002255 BTC is all that’s left in Pegasus’ withdrawal pockets publish exit-scam collapse.
Pegasus was an MLM crypto Ponzi pitching 1.5% a day, capped at 300%.
Attributable to using ePayCore, a Russian monetary companies supplier, Pegasus is believed to be run by Russian scammers.
Pegasus’ collapse follows a decline in web site site visitors between Could and June, with solely a mior restoration throughout July.
For a Ponzi scheme reliant on new investor funds to pay withdrawals, why Pegasus collapsed ought to be apparent.
Web site site visitors stats from SimilarWeb reveal Pegasus investor recruitment has collapsed throughout the board. The exception to that is Germany, which is able to probably account for almost all of recent Pegasus traders getting screwed.
Complete Pegasus sufferer numbers and losses are unknown.