The TronCase Ponzi scheme has collapsed.
Two days in the past TronCase’s smart-contract was sitting at 38.99 million TRX (~$2.37 million USD). As we speak it’s at 0.
Which TronCase’s collapse earlier right this moment would possibly come as a shock to some buyers, anybody with a distant understanding of cryptocurrency ought to have seen it coming.
On June twenty third TronCase’s smart-contract hit an all time excessive of 96.84 million TRX invested (~$5.8 million USD).
Courtesy of TronScan, we are able to plot TronCase’s collapse over the previous two weeks:
The lengthy and the in need of it’s $5.8 million in tron wound up in somebody’s pocket. With TronScan being a Ponzi scheme, that is after all by design.
TronCase admins Martin Karus and Erik Nurm seem to have deserted their social media accounts.
Karus hasn’t posted on Fb since February twenty fifth. Erik Nurm stopped posting on June twenty fifth.
As of but a TronScan exit-scam excuse has but to floor. At the least not publicly.
We anticipate one might be pushed out quickly sufficient. Someday like “the smart-contract god COVID!” or “(insert random particular person right here) ran off with the cash to (insert hidey-hole jurisdiction right here), we are able to’t do something!” and so forth. and so forth.
BehindMLM famous in April 2021 that TronCase gave the impression to be on the highway to break down.
This was based mostly on Eric Nurm selling one other CoinSwap, one other smart-contract Ponzi on the time (see updates to BehindMLM’s TronCase overview).
Ryan Conley, who now goes by Ryze Conley, not too long ago fled to Brazil.
Conley continues to be selling CoinSwap. He’s additionally selling Tag Protocol, a hashtag NFT smart-contract “sTaKe YoUr TaGcOiNs!” Ponzi scheme.
Every week in the past Conley was boasted on YouTube that certainly one of his TronCase accounts had maxed out at 4 million TRX (~$243,000 USD).
Two days in the past Conley celebrated the acquisition of a Porsche SUV on Fb.
Based mostly on Alexa site visitors evaluation, TronCase’s victims are primarily from India, the US and Canada.
Replace 14th July 2021 – TronCase has rebooted their Ponzi scheme with a brand new web site area.