Mark Davis’ AladdinBot Ponzi scheme has collapsed.

Davis is hiding from investors, withdrawals were disabled a few weeks ago and, at time of publication, AladdinBot’s website is no longer accessible.

Attempts to visit AladdinBot’s website return a fake “too many requests” error.

If we look at the error page source-code, we can see that CloudFlare is throwing up an error because AladdinBot disabled its server (click to enlarge):

To mask the “CloudFlare can’t access the server” error, AladdinBot has configured a fake “HTTP 400 error” message.

On the withdrawal side of things AladdinBot began delaying withdrawals around mid January. As of early February, no withdrawals have been paid out.

Mark Davis is dodging investors under the guise of “security issues”.

Preceding AladdinBot not paying withdrawals was a February 9th “Spring Break promotion”.

Bring a friend, bring your family and make a vacation or retreat out of this time to celebrate the end of Winter and the beginning of Spring!

Looking forward to announcing how many qualifiers at next weeks corporate Zoom!

Over the next week investors realized AladdinBot wasn’t paying withdrawals, prompting “corporate Zooms” to stop.

On February 13th AladdinBot advised investors this was due to “beta testing”, “phishing attempts” and “hacking”.

The weekly corporate zoom for tomorrow is delayed due to awaiting trading results for week 17. And incentive results and details for the future promotion scheduled for March 1. And scheduled ai telegram bot beta testing.

We believe security updates on the site are in motion with higher settings to avoid phishing attempts and hacking. This also occurred about 7-10 days ago.

AladdinBot’s last February 15th communication reads;

Please be patient while we work on solutions from the IT team.

AladdinBot was a Dubai MLM crypto Ponzi fronted by CEO Mark Davis.

Davis, an Australian national believed to be hiding out in Indonesia, is a serial promoter of MLM Ponzi schemes. These include AI Trade and PGI Global.

At the time of collapse, SimilarWeb tracked ~61,000 monthly visits to AladdinBot’s website for January 2023. The majority of traffic originated from the US (38%) and Hungary (26%).

Pending any further updates, total AladdinBot victim numbers and how much they’ve collectively lost are unknown.