As of some hours in the past QZ Asset Administration’s web site was pulled offline.
The transfer marks the tip of the Ponzi scheme’s “SEC audit” exit-scam. QZ Asset Administration’s social media profiles have additionally been deleted.
Launched in late 2022, QZ Asset Administration was a 400% ROI MLM crypto Ponzi scheme.
Believed to be run by Chinese language scammers hiding in Hong Kong, QZ Asset Administration and its promoters primarily focused buyers in Africa.
QZ Asset Administration’s exit-scam started in late March, with the announcement of a bogus NASDAQ itemizing.
The exit-scam escalated a couple of weeks in the past, following QZ Asset Administration disabling withdrawals on Could 1st.
CEO Blake Yeung Pu Lei assured QZ Asset Administration that the disruption was a part of a scheduled SEC audit.
Outdoors of regulatory enforcement actions nonetheless, the SEC doesn’t audit personal corporations.
Whereas QZ Asset Administration created as a lot distance from their victims in Africa over the previous few weeks, prime promoters have been working round parroting the baloney NASDAQ itemizing.
All that has now come to an finish.
Along with disabling its web site, QZ Asset Administration has additionally deleted its beforehand accessible FaceBook and YouTube profiles.
QZ Asset Administration’s Twitter profile continues to be up, nonetheless the account was deserted again in February.
Regulatory motion towards QZ Asset Administration from China is unlikely and, given the sending of cryptocurrency to offshore scammers, African authorities aren’t going to have the ability to do a lot.
Pending (unlikely) additional updates, whole QZ Asset Administration sufferer numbers and the way a lot they’ve misplaced stays unknown.
