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BlockX- Scam Review

0

The securities fraud that started with My Blockchain Life continues with My BlockX.

After we final checked in on My Blockchain Life, it talked about the debut of a chance involving the BlockX Buying and selling AI bot.

Indignant US BLKX bagholders appeared within the feedback part of that article after it was printed, however My BlockX as a enterprise alternative had died.

That modified a number of months in the past when a member of My BlockX made contact with Colombian authorities.

Glenn Williams served because the founding president of My Blockchain Life.

Williams posted anti-vaxxer memes on Fb for almost all of 2020 and 2021. COVID-19 brought on his loss of life in October 2021.

My BlockX remains to be undoubtedly being run by somebody, and Jeremy Sowerby’s title retains arising.

I used to be unable to independently affirm that Sowerby is the rightful proprietor of My BlockX.

If Sowerby (on the fitting) is accountable for My BlockX, he maintains a excessive profile. Given his prolonged historical past of MLM cryptocurrency scams, it is smart.

Sowerby is effectively generally known as the proprietor and CEO of Dunamis Mining.

Early in 2019, Dunamis Mining, an MLM Ponzi with a cryptocurrency “mining” motif, was launched.

Just a few months after beginning up, Sowerby appointed BitClub Community con artist Joe Abel as CEO and altered the corporate’s title to Dunamis International Tech.

By the top of 2019, Dunamis International Tech had ceased to exist. Sowerby’s Onyx Life-style Ponzi obtained the affiliate investor base that Sowerby bought to it.

Just a few months later, in the course of 2020, My Blockchain Life debuted. I believe Sowerby is remaining quiet due to his shut relationship to Joe Abel.

In a nutshell, My BlockX’s merchandise are a staking funding scheme and an auto buying and selling bot, two phases of securities fraud.

So as to take part within the staking funding program, My BlockX associates should stake no less than $2500 in BLKX tokens.

My BlockX generated the nugatory ERC-20 token BLKX. ERC-20 tokens might be produced rapidly and for little to no cash.

BLKX tokens are parked with My BlockX after being bought with the assure of as much as 42% yearly ROI:

Returns are paid in BLKX, which My BlockX will convert to “one other crypto” upon request.

To pay for these withdrawal requests, My BlockX solely recycles already invested cryptocurrency on the backend. Consequently, the Ponzi scheme

The “Limitless Buying and selling Engine” is the title given by My BlockX to its automated buying and selling bot system.

My BlockX affiliate should first deposit no less than $2500 into the staking funding scheme as a way to entry the Limitless Buying and selling Engine.

My BlockX advertises an additional 580% yearly ROI by way of the Limitless Buying and selling Engine:

Each MLM crypto Ponzi makes use of the Limitless Buying and selling Engine as their normal buying and selling bot gimmick.

Our AI employs patented automated software program to search out alternatives to purchase and promote available in the market that might take people an eternity to behave upon.

You will not want to fret about something for the reason that Limitless engine makes the suitable strikes on the acceptable occasions, with the suitable portions, and with the suitable property.

My BlockX supplies the next nonsense instead of registering with monetary regulators and offering the legally required audited monetary experiences:

Along with the $2500 that’s tied up in BLKX staking, My BlockX can value as much as $9997 per 12 months for entry to the Limitless Buying and selling Engine:

  • Starter Plan – $2497 a 12 months, $10,000 buying and selling account cap
  • Progress Plan – $4997 a 12 months, $50,000 buying and selling account cap and “elevated revenue”
  • Limitless Plan – $9997 a 12 months, no buying and selling account cap and “maximise(d) profitability”


You’re most likely aware of the routine: “However they can not contact our cash!” -> bot blows up or “technical issues” -> sorry in your loss.

My BlockX doesn’t supply any particulars about their MLM alternative. They may nonetheless be using the outdated My Blockchain Life payout construction, modified to account for BLKX funding and buying and selling bot prices.

In any case, My BlockX is, on the very least, partaking in securities fraud. The MLM trade and securities fraud are perfect for a Ponzi scheme.

The truth that My BlockX has no verifiable exterior income stream that’s used to fund withdrawals is extra proof of this.

In that regard, My BlockX remained primarily dormant till a number of months in the past after defrauding primarily US buyers.

In response to SimilarWeb, 95% of the visitors to My BlockX’s web site is presently coming from Colombia, and that quantity is rising.

Financially talking, that is the US BLKX bagholders’ of My BlockX dumping to new, credulous Colombian buyers.

These BLKX transfers happen via My BlockX, an inner alternate linked to 2 shady funding scams.

All through 2022, Colombia has been a hub for MLM-related securities fraud. Native authorities appear to have given up attempting to regulate Ponzi scams, most of that are run from different nations.

Within the occasion of My BlockX, Glen Williams and Jeremie Sowerby had been each residents of Canada.

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