![]() ![]() Partial citation:Ĭryptex Online LTD is an associated company of Crypto currency Investments. In the web archive, cryptex.online was saved as of September 2017. Because the previous owner speaks Russian, I suspect he lives in Poland. The buyer has to pay 23% VAT, so the seller does not live in Germany, because here only 19% is charged.Ĭountries with 23% VAT are Greece, Portugal, Ireland and Poland. The math behind Ponzi guarantees that when they inevitably collapse, the majority of investors lose money.Īnother website: cryptex.online is no longer online, but is for sale. I suspect these positions are held by Cryptex’s admin ($0 phantom positions), and early scammers from Germany.īasically they’re counting on dummies willing to sign up to Cryptex’s 5 and 7 year plans to fund their theft. I couldn’t help but notice Cryptex claim their 3 year investment plans are “sold out”. Securities in Germany are regulated by BaFin.Ĭryptex provides no evidence it has registered its securities offering with BaFin, meaning that at a minimum the company is committing securities fraud and operating illegally. On the regulatory front, Cryptex’s passive investment scheme constitutes a securities offering.Ĭryptex’s primary investor market is Germany. Withdrawals are funded by subsequently invested cryptocurrency, which works until withdrawals inevitable exhaust the rate of new investment.īeing an MLM crypto Ponzi scheme, this will coincide with Cryptex affiliate recruitment dying off. That is affiliates invest cryptocurrency, and Cryptex shows them monopoly money “staking” returns in their backoffice. MLM crypto Ponzis might still run on smart-contracts, but pretending it’s some new innovation is dead.Ĭryptex uses the “staking” Ponzi model. Smart-contact MLM crypto Ponzis were a thing before the NFT grift took over. Cryptex Conclusionĭespite being a cookie-cutter “smart-contract” Ponzi scheme, Cryptex bills itself as the “1st of its kind worldwide”. Joining Cryptexįull participation in the attached income opportunity requires a minimum $100 investment.Ĭryptex solicits investment in various cryptocurrencies. Note that residual commissions are only paid out once an investment contract is completed (3, 5 or 7 years). Residual commissions are paid as a percentage of the daily ROI paid to unilevel team affiliates as follows: Whereas referral commissions are capped at up to ten unilevel team levels, Cryptex pays residual commissions on up to twenty levels. level 1 (personally recruited affiliates) – 30%Ĭryptex pays residual commissions via the same unilevel team used to pay referral commissions (see above).Referral commissions are paid as a percentage of funds invested across these ten levels as follows: If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.įor referral commissions, Cryptex caps payable unilevel team levels at ten. If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team. Referral CommissionsĬryptex pays referral commissions via a unilevel compensation structure.Ī unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1): The MLM side of Cryptex pays on recruitment of affiliate investors. Note that Cryptex keeps an affiliate initial $100 investment under the guise of a “handling fee”. 7 Years – invest $100 and receive a daily ROI for 84 monthsĬryptex affiliates are able to invest in multiple $100 positions at each tier.5 Years – invest $100 and receive a daily ROI for 60 months.3 Years – invest $100 and receive a daily ROI for 36 months.This is done on the promise of advertised returns: Cryptex’s Compensation PlanĬryptex solicits investment in $100 USD equivalents in cryptocurrency. Cryptex’s ProductsĬryptex has no retailable products or services.Īffiliates are only able to market Cryptex affiliate membership itself. It’s worth noting that despite the domain age, Cryptex was relatively dead until early 2023.Īs always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. SimilarWeb currently tracks top sources of traffic to Cryptex’s website as Germany (82%), El Salvador (8%) and Martinique (3%).Īlthough not definitive, the percentage of traffic coming from Germany suggests whoever is running Cryptex might have ties to Germany. Based on its website source-code, Cryptex appears to have been put together circa June 2021 or so. Cryptex fails to provide ownership or executive information on its website.Ĭryptex’s website domain (“cryptex.to”), was privately registered in August 2020.
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