“Pumping and dumping” crypto Ponzi

Hacken Pool supplies no info on its web site about who owns or runs the corporate.

Hacken Pool’s web site area (“hackenpool.com”), was registered on June nineteenth, 2021. The area registration was final up to date on March twenty second, 2022.

Hacken Pool’s web site area registration lists “Isabella Alexander” because the proprietor, full with a bogus handle within the UK.

Hacken Pool additionally operates from the secondary area “hpbackoffice”, privately registered on March sixteenth, 2022.

In Hacken Pool’s official presentation PDF we discover an e-mail handle:

This corresponds to Ahmad Fathurizqi, who seems to be primarily based out of Malaysia.

In an try to seem official, Hacken Pool supplies incorporation certificates for “Hacken Pool Buying and selling Restricted” and “Hacken Restricted”.

Hacken Pool Buying and selling Restricted was integrated within the UK on March twenty second, 2022.

Hacken Restricted was integrated in 2014 and doesn’t have something to do with Hacken Pool.

An MLM firm working or claiming to function out of the UK is a purple flag.

UK incorporation is grime low cost and successfully unregulated. On high of that the FCA, the UK’s high monetary regulator, don’t actively regulate MLM associated securities fraud.

Because of this the UK is a popular jurisdiction for scammers seeking to incorporate, function and promote fraudulent firms.

For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.

Whether or not Ahmad Fathurizqi is operating Hacken Pool is unclear. On the very least his involvement suggests, versus the UK, that Hacken Pool has ties to Malaysia.

One other risk is neighboring Singapore:

As at all times, if an MLM firm just isn’t brazenly upfront about who’s operating or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.

Hacken Pool’s Merchandise

Hacken Pool has no retailable services or products.

Associates are solely in a position to market Hacken Pool affiliate membership itself.

Hacken Pool’s Compensation Plan

Hacken Pool associates make investments USD equivalents in cryptocurrency.

That is performed on the promise of marketed passive returns:

  • Sovereign Pool – make investments $9 to $99 and obtain 310% over 145 days
  • Oil Pool – make investments $100 to $999 and obtain 324% over 133 days
  • Gold Pool – make investments $1000 to $9999 and obtain 349% over 130 days
  • Foreign exchange Pool – make investments $10,000 to $49,999 and obtain 374% over 127 days
  • Crypto Pool – make investments $50,000 to $99,999 and obtain 399% over 113 days
  • Associate Pool – make investments $100,000 or extra and obtain 449% over 97 days

Word that Hacken Pool fees a 5% charge on all withdrawals.

The MLM facet of Hacken Pool pays on recruitment of affiliate buyers.

Referral Commissions

Hacken Pool pays referral commissions on funds invested by personally recruited associates.

Referral fee charges are decided by how a lot a Hacken Pool affiliate has invested:

  • Sovereign Pool tier associates obtain a 6% referral fee charge
  • Oil Pool tier associates obtain a 7% referral fee charge
  • Gold Pool tier associates obtain an 8% referral fee charge
  • Foreign exchange Pool tier associates obtain a 9% referral fee charge
  • Crypto Pool tier associates obtain an 11% referral fee charge
  • Associate Pool tier associates obtain a 15% referral fee charge

Residual Commissions

Hacken Pool pays residual commissions by way of a binary compensation construction.

A binary compensation construction locations an affiliate on the high of a binary workforce, cut up into two sides (left and proper):

The primary degree of the binary workforce homes two positions. The second degree of the binary workforce is generated by splitting these first two positions into one other two positions every (4 positions).

Subsequent ranges of the binary workforce are generated as required, with every new degree housing twice as many positions because the earlier degree.

Positions within the binary workforce are stuffed by way of direct and oblique recruitment of associates. Word there is no such thing as a restrict to how deep a binary workforce can develop.

On the finish of every day Hacken Pool tallies up new funding quantity on either side of the binary workforce.

Associates are paid a share of funds invested on their weaker binary workforce facet:

  • Sovereign Pool tier associates earn 6%
  • Oil Pool tier associates earn 7%
  • Gold Pool tier associates earn 8%
  • Foreign exchange Pool tier associates earn 9%
  • Crypto Pool tier associates earn 11%
  • Associate Pool tier associates earn 15%

Word that residual commissions are capped each day primarily based on the quantity an affiliate has actively invested.

As soon as paid out on, quantity is flushed in opposition to the stronger binary workforce facet and flushed.

Any leftover quantity on the stronger binary workforce facet carries over.

Month-to-month Turnover Sharing

Hacken Pool’s compensation plan particulars “month-to-month firm turnover sharing” for Associate Pool tier associates.

No specifics are offered.

Becoming a member of Hacken Pool

Hacken Pool affiliate membership is free.

Full participation within the hooked up revenue alternative requires a minimal $9 funding.

As soon as a complete ROI has been realized on any funding, reinvestment is required to proceed incomes.

Hacken Pool solicits funding in varied cryptocurrencies.

Hacken Pool Conclusion

Hacken Pool claims to be a “well-known crypto buying and selling platform”.

How does Hacken Pool generate revenue?

On this pool, we commerce your cash in numerous cryptocurrencies for pumping and dumping, additionally we work within the foreign currency trading platform which may create excessive revenue for our neighborhood.

Pumping and dumping or in any other case, Hacken Pool fails to supply proof of exterior income technology of any type.

The corporate’s enterprise mannequin additionally fails the Ponzi logic check.

Anybody able to producing 449% each 97 days isn’t sharing their magic cash machine with you. Not to mention providing you with entry free of charge.

They’d quietly run their “pump and dump” scheme themselves, quickly retiring among the many richest on the planet.

Because it stands the one verifiable income getting into Hacken Pool is new funding.

Utilizing new funding to pay passive returns to buyers makes Hacken Pool a Ponzi scheme.

With nothing marketed to or offered to retail prospects, the MLM facet of Hacken Pool provides an extra pyramid layer to the scheme.

As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.

It will starve Hacken Pool of ROI income, ultimately prompting a collapse.

The mathematics behind Ponzi schemes ensures that after they collapse, nearly all of individuals lose cash.