Aqua Marine Club, aka AMC Global, has collapsed.

Withdrawals have been disabled and in an update sent out on August 20th, Binance is being blamed.

Rather than just admit AMC Global collapsed, the scammers behind the Ponzi scheme claim their

Binance trading account has been suspended due to some issues that have arisen recently.

AMC Global’s Ponzi ruse was AI bot trading. Obviously being a scam there never was any trading, so whether a Binance trading account was suspended or not is irrelevant.

The rest of AMC Global’s August 20th communication saw the scammers behind it beg for time.

We would like to assure you that our team has been working tirelessly to resolve these issues and resume operations as usual.

We understand that this news may come as a shock to many of you, but we want to assure you that we are doing everything in our power to resolve the matter as soon as possible. We would like to request your patience and support as we work through this issue.

This language is typical of MLM Ponzi scammers hoping to string victims along for as long as they can.

AMC Global was a Boris CEO Ponzi scheme headed up by “Michael Gerrit”.

Gerrit was played by Guido Gerhardt, a German national living in Nigeria.

Typically Russians are behind Boris CEO Ponzi schemes.

In the lead up to its collapse, SimilarWeb tracked just ~1600 monthly visits to AMC Global’s website for July 2024.

At time of collapse, 100% of AMC Global’s website traffic was attributed to US residents.