The Berry Ponzi scheme has collapsed.
Withdrawals have been disabled, and traders are being fed a number of exit-scams.
Berry glided by just a few names; Blueberry, Berry Buying and selling App, Fertile Soil World (FS World), Berry FS World, Berry Alternate and, extra just lately, Berry Max.
Recognized web site domains related to Berry embody:
- berry.im – privately registered in or round June 2022
- berry.band – privately registered on June eleventh, 2022
- berry.ideas – privately registered on June eleventh, 2022
From what I’ve been in a position to put collectively, Berry associates invested cryptocurrency on the promise of passive returns.
Berry had associates log in and click on buttons, which corresponded with crypto buying and selling.
In actuality this was all an elaborate farce. Logging in to click on buttons at particular instances inside Berry wasn’t connected to precise buying and selling.
Berry had a fee construction tied to “VIP” tiers. That is just like “click on a button” Chinese language Ponzi schemes.
Berry associates might additionally qualify for periodic bonuses, tied to both private recruitment or how a lot they satisfied others to speculate.
Berry collapsed on or round Could 2nd by disabling withdrawals.
Within the lead as much as Berry’s collapse, the Ponzi scheme launched FDPT tokens and an funding promo.
April 18th – 4D printing expertise will open a particular buy session on April 24, 2023, and the mission combining synthetic intelligence and 4D printing will probably be launched quickly!
April nineteenth – So as to give again to new and outdated customers and turn out to be the mainstream of the world, the Alternate grandly launched the [5+5 Promotion Plan] a referral promotion program meaning “Win-Win Exercise” !
Exercise Bonus Pool: 20,000,000 US {dollars} (closed when the quantity have been given out)
Invite your new associates – work collectively to create income and lighten hope!
On Could third, 24 hours after withdrawals had been disabled, Berry trotted out an “acquisition” exit-scam:
The newest replace for BERRY is filled with optimistic information, indicating a vibrant future forward!
We’re thrilled to announce that the BERRY change has obtained an acquisition invitation from a globally famend establishment (world famend establishment).
It is a testomony to the arduous work and dedication of our group, in addition to the belief and help of our customers.
As the present new cash had attracted consideration and recognition , the present valuation of the platform has improve 3.3 instances of the unique worth.
The preliminary assessment of the acquisition will probably be carried out relating to the belongings administration , fairness , belongings circulations throughout the Berry Alternate.
Later that very same day a 100% cashback on new funding (“recharging”) was additionally introduced:
To point out our gratitude to your help and a focus, we’re launching a 100% money again ( rebate exercise ) in your recharge inside a selected time.
This was adopted up with a BRY token launch on Could fifth;
BERRY Token (BRY) is the platform token of BERRY Alternate, serving because the spine of the complete BERRY ecosystem.
Will probably be used to help numerous capabilities throughout the platform, comparable to transaction payment, threat reserve fund, token-to-token exchanges, and as a way of taking part in platform actions comparable to voting for brand new token listings and taking part in pre-sales.
So as to meet the IPO itemizing necessities of the Nasdaq World Market, the world’s second-largest securities buying and selling market, BERRY Alternate should meet strict monetary, capital, and joint administration indicators.
To make sure the graceful progress of the merger, we’ve got determined to not disclose the identification of the accomplice firm at this stage. Nonetheless, we are going to restore the withdrawal channel after the valuation is accomplished.
That is after all all baloney. It is vitally just like QZ Asset Administration’s latest exit-scam, minus the SEC submitting stuffed with bogus data.
On Could twelfth, Berry knowledgeable customers it was rebooting as Berry Max;
We’re joyful to announce Berry Alternate has reached a preliminary settlement with worldwide establishments for Mergers and acquisitions , and now the change is formally absolutely upgraded !
Our official platform title has been re-branded to ‘Berry Max,’ which displays our renewed dedication to offering top-notch buying and selling providers.
This was nothing greater than an in-house restoration rip-off. Berry demanded 50 USDT from its traders, underneath the guise of “guaranteeing correct consumer quantity information”.
Berry associates who did not pay up had been threatened with account termination.
A brand new “loyalty program” was additionally introduced, with the intention of screwing gullible traders out of an extra 500 USDT.
Berry’s loyalty program is scheduled to finish on Could twentieth. That’ll most likely be prolonged (the cashback reload rip-off was prolonged), after which Berry’s web site will probably be taken down.
Principally it comes right down to diminishing returns. Berry’s admins will proceed to pump out new scams so long as sufficient gullible traders hand over extra money – principally as a result of they suppose doing so will unlock withdrawal of cash that doesn’t exist of their backoffices.
When that dries up, 404 web site not discovered.
From what I’m seeing on social media it’s regularly being accepted that Berry was a Ponzi scheme. Actually the restoration scams and IPO baloney have contributed to traders realizing they’ve been had.
As tracked by SimilarWeb, visitors to Berry’s main .IM web site climbed all through early 2023. April 2023 peaked at 3.8 million visits, sufficient of a pot for Berry to drag the plug.
Nearly all of Berry web site visitors originates from Africa; South Africa (36%), Botswana (16%), the UK (12%), Rwanda (11%) and US (8%).
The language utilized by Berry definitely has an Asian engrish really feel to it. I really feel like this is likely to be an evolution of the essential “click on a button” Ponzi schemes run by Chinese language scammers, however I haven’t seen variations of Berry emerge.
Little bit of a novel thought, getting associates to log in and click on buttons at certains instances to get them to suppose they’re buying and selling – however finally nonetheless theatrics to cover a Ponzi scheme.
Apart from the aforementioned rip-off updates and Berry’s web site ultimately disappearing, not anticipating any substantial updates on this one.
