The Ageeon MLM crypto trading Ponzi has collapsed.

As per a communication sent out on December 16th, Ageeon advised investors that withdrawals are disabled.

The presented ruse is that Ageeon’s “traders” and “financial department” are on holiday between December 16th and 25th.

One could buy the “traders” ruse with the disabling of daily returns (that alone would still constitute a collapse). Ageeon’s “financial department” going on holiday though is where the ruse completely falls apart.

After disabling returns and withdrawals, Ageeon immediately announced a “50% bonus” on new investment:

Clearly Ageeon doesn’t have a problem processing investor funds.

That’s because there is no “financial department”. Ageeon disabled withdrawals leading up to Christmas ties into it traditionally being a peak withdrawal period.

Ageeon’s investment  promo signals completion of the exit-scam is imminent on or around December 26th. Withdrawals might be re enabled at some point but disabling them and throwing up a new investment bonus is a classic Ponzi exit-scam.

Ageeon is a Dubai-based MLM crypto Ponzi run by persons unknown. At a recent Dubai marketing event, Ageeon trotted out an actor playing CEO “Mark Watson”:

A number of serial fraudster promoters also attended the event.

As of November 2024, SimilarWeb was tracking ~256,000 monthly visits to Ageeon’s website.

Top sources of Ageeon website traffic are Italy (39%), Vietnam (20%), the Czech Republic (9%), Germany (8%) and China (7%).

Tying in with Ageeon pretending to be based out Canada, the Ontario Securities Commission issued an Ageeon fraud warning in July 2024.