The Pop Max Ponzi scheme has collapsed.
Victims of the scheme at the moment are being funneled right into a “Luma Protocol” reboot.
Pop Max surfaced earlier this 12 months as a Dubai-based “staking” mannequin MLM crypto Ponzi.
Pop Max solicited funding in tether (USDT). Returns had been paid by way of a “staking” mannequin in PUSD token, which was then needed to be transformed to pop social token (PPT) with the intention to money out.
Just a few weeks in the past Pop Max disabled the conversion of PUSD to PPT, successfully disabling ROI withdrawals. Nearly instantly after, Luma Protocol was introduced.
Luma Protocol is hosted on the subdomain “dapp.lumaprotocol.io”. The basis .IO area, entry disabled, was privately registered on August twenty ninth, 2025.
Luma Protocol presents a convoluted funding scheme tied to mining of POP tokens.
POP tokens are withdrawn by way of Nivex, a dodgy crypto change run by scammers hiding in Dubai.
Two names we will connect to Nivex are co-founders Simon Hardy (aka Szymon Pietraszczyk) and Becky Choi (aka Becky Cai).
Each Hardy and Cai are serial fraudsters who’ve promoted a number of MLM Ponzi schemes (DEFI Cash Membership, Meta Pressure, GPBots, SolaRoad and so on.).
Luma Protocol is introduced as a joint growth between Nivex and Pop Max.
There’s greater than a superb probability Hardy and Cai are behind the whole scheme. That mentioned, they’re not working alone. Different Chinese language scammers have been introduced as Pop Max co-founders.
In July 2025, serial promoter of MLM crypto Ponzis Sal Khan interviewed Pop Max co-founder Nicholas Wan, aka Ruicheng Wan (万睿诚), at Nivex’s workplaces in Dubai.
Getting again to Luma protocol, it exists as a result of new suckers have dried up. Pop Max is now within the “milk as a lot new cash out of current buyers” part.
A part of that’s trapping as a lot cash within the system, therefore the limitless token launches. Token conversion serves as manipulatable hoops for buyers to leap by way of after they attempt to withdraw.
Relying on how lengthy Luma Protocol takes to break down, it’s seemingly Nivex (Hardy and Cai) will launch extra scams to additional milk Pop Max victims.
