OneCoin’s New DealShaker platform has been deserted.
For die exhausting traders nonetheless backing OneCoin, New DealShaker was maybe the one motive they hadn’t misplaced their minds over how a lot cash they’ve misplaced.
New DealShaker was supposedly being put collectively by Duncan Arthur (proper).
Arthur emerged as a outstanding determine inside OneCoin someday after founder Ruja Ignatova fled in late 2017.
Inside OneCoin Arthur was known as the DealShaker Mission Supervisor.
To that finish Arthur appeared at OneCoin occasions relationship again to 2018, at which he’d present associates updates on DealShaker improvement.
Placing apart the truth that authentic retailers aren’t excited by taking Ponzi factors as cost for items and companies, Arthur’s DealShaker updates bought OneCoin traders by not having the ability to withdraw – and the arrest earlier this yr of Konstantin Ignatov.
Nevertheless misguided, New DealShaker improvement served as an excuse to place off the fact that OneCoin had come to an finish.
I obtained phrase just a few days in the past that Arthur had deserted ship.
The precise nature of Arthur’s departure is unclear, owing to neither he or OneCoin being open about it.
From what I’ve been advised Arthur’s improvement group realized the blockchain facet of OneCoin was complete nonsense.
Jan-Eric Nyman heads up Arthur’s improvement group, and there’s apparently a damning OneCoin evaluation report authored by him floating round.
As of but although I haven’t seen it.
Regardless, the conclusion that OneCoin’s public representations a few blockchain had been baloney prompted a proposal to “repair” the scenario (learn: begin work on an precise blockchain to combine into the brand new DealShaker platform).
This went down like a ton of bricks with whoever is left operating OneCoin. In all probability as a result of they’d need to publicly acknowledge not having a blockchain.
Personally I can’t see what the large deal over coming clear is. OneCoin not having a blockchain has been public data since early 2017.
The fallout of Nyman’s report noticed New DealShaker cancelled. OneCoin and Duncan Arthur and his group have reportedly break up methods.
I used to be hesitant to report on this once I first heard about it, nevertheless latest developments seem to substantiate this really occurred.
I obtained phrase about 13 hours in the past that an announcement concerning the cancellation of New DealShaker was imminent.
Positive sufficient, in the previous few hours OneCoin printed the next message on their OneLife web site:
Pricey all,
Please be told that on account of latest technical points the New DealShaker ought to not be used.
All retailers ought to switch their offers again to the previous DealShaker which is presently being upgraded by our IT Workforce.
The message makes no point out of the autumn out with Arthur, and is signed off on just by “The Workforce”.
What occurs now could be unclear. Duncan Arthur seems to have gone into hiding. And there are rumors of high traders, headed up by Jose Gordon of all folks, who’ve descended on Sofia to, and I quote, “seize what they will”.
OneCoin’s authentic DealShaker platform was a mixture of dropship listings for affordable Chinese language items and luxurious automobile and actual property scams.
Had it of been salvageable, certainly OneCoin’s “IT Workforce” would have continued improvement on it.
Once more, DealShaker is meaningless as OneCoin is a Ponzi scheme – however as I acknowledged earlier, New DealShaker was the fiction many traders wanted to disregard their losses.
That fiction is now gone. And it appears OneCoin may lastly be over.
Felony proceedings towards Konstantin Ignatov proceed. Pending Jan-Eric Nyman’s report surfacing, our subsequent replace will seemingly be after Ignatov’s Might twenty eighth preliminary listening to.