BitPlam has acquired a pyramid fraud warning from Russia.
Which is a bit odd, seeing a BitPlam is meant to have collapsed final November.
As per the Central Financial institution of Russia’s April 1st warning, BitPlam displays “indicators of a monetary pyramid” scheme.
BitPlam launched in late 2021 and marketed a 4% to five% day by day ROI.
The funding facet of BitPlam was a Ponzi scheme. The MLM facet of BitPlam was a pyramid scheme.
As early as November twenty first BehindMLM readers started reporting BitPlam non-payment.
Alexa’s web site evaluation reveals a gentle decline in visitors to BitPlam’s web site from early January 2022:
Prime sources of visitors to BitPlam’s web site are at the moment Russia (11%), Indonesia (8%) and Iran (6%).
BitPlam’s social media profiles have been deserted in November 2021, coinciding with its collapse.
BitPlam’s web site remains to be on-line although. So it appears both the CBR’s investigation was delayed, or gullible buyers are nonetheless being recruited in Russia.