Nivex’s Luma Protocol Ponzi scheme has collapsed.
On November twenty fifth, Luma Protocol despatched out an e mail advising traders that withdrawals have been disabled.
To make sure a extra secure, clear, and long-term sustainable mining ecosystem, we might be conducting a complete improve of the present hash-power mining mechanism.
This improve goals to optimize the reward construction, improve system safety and sustainability, and supply customers with a fairer, extra environment friendly, and long-lasting participation expertise sooner or later.
This is a crucial improve and is predicted to be accomplished inside 1–2 weeks. Earlier than the improve is accomplished, the mining energy buy and withdrawal features might be briefly suspended.
Luma Protocol is a reboot of the collapsed Pop Max MLM crypto Ponzi.
Each Pop Max and Luma Protocol use the “shit token staking mannequin”, whereby a shit token is created and bought to traders.
Traders then park the shitcoin with the corporate on the promise of further tokens. Cashing out is out there till new funding inevitably slows down, at which level the Ponzi scheme collapses.
Pop Max and Luma Protocol are run by Nivex, a crypto trade run by Dubai-based serial fraudsters Simon Hardy (aka Szymon Pietraszczyk) and Becky Choi (aka Becky Cai).
As an alternative of being sincere of their possession of Pop Max and Luma Protocol via Nivex, Hardy and Cai disguise behind a Decentralized Autonomous Group they management by majority vote.
Coinciding with Luma Protocol’s collapse, BehindMLM acquired an e mail from “Renne” on November thirtieth.
Hello there,
I’m reaching out about your article Nivex Rip-off Alert, which labels us as “scammy.” That is factually incorrect and damaging.
We’re a respectable, compliant, and absolutely operational trade, and we are able to present verification at any time.
May you please replace or take away this description whereas we provide the right info?
Thanks to your consideration — completely happy to make clear something wanted.
Later the identical day I despatched the next response;
BehindMLM stands by its analysis, none of which you addressed.
Be happy to supply verification Nivex has registered its PopMax and Luma Protocol Ponzi schemes with monetary regulators in nations funding is solicited in. Audited monetary stories are additionally required.
Anything is not going to be responded to.
At time of publication BehindMLM has not acquired a reply with the requested info.
Luma Protocol and Pop Max victims at the moment are being pitched on “Luma 2.0”.
Luma 2.0 sees the Ponzi scheme ditch its LUMA token and return to Pop Max’s collapsed POP token.
This time round, POP tokens invested into Luma Protocol’s staking Ponzi might be “completely locked”.
In different phrases, Luma Protocol traders will lose tokens invested into its staking scheme. It is a worse model of a typical staking Ponzi, which releases invested tokens after an agreed upon time period.
In response to Luma Protocol’s collapse, prime promoters have disappeared.
Salk Khan, a Dubai-based Pop Max and Luma Protocol promoter from Bangladesh, nuked his YouTube channel again to June 2024 after Luma Protocol collapsed.
Khan is at present in Nepal, the place he’s exhibiting Pop Max and Luma Protocol victims how he’s spending their cash:
Nivex has not publicly addressed Pop Max’s or Luma Protocol’s collapse. Becky Cai deserted social media in December 2024.
Simon Hardy represented he was in Hong Kong in early November.
At time of collapse, Luma Protocol web site visitors was too low for SimilarWeb to trace.
