CashFX Group bitcoin wallet transfers confirm Ponzi scheme
A recent marketing video by promoter Tanya Jennings, has shed light on the flow of bitcoin within CashFX Group.
Jennings, a resident of Australia, has joined CashFX Group over a year ago.
As revealed by Jennings, she’s earned $377,986 through CashFX Group.
How much of that Jennings has actually been able to withdraw however is unclear.
On January 17th Jennings uploaded a YouTube video titled, “100K CFX Trade Pack Reloaded for 2022 in under 6 months!”
The video allowed Rob Truckle, a member of the “CashFX (in association with EverFX) Scam – Now What!?” FaceBook group, to track the payment within CashFX Group.
In her Jan 17th video Jennings rolls over one of her $100,000 CashFX Group investment positions.
This costs $120,000, of which Jennings “pays” $108,946.24 from her CashFX Group backoffice.
The balance, $12,843.01, which comes to 0.30107918 BTC at the time, is paid from an external wallet.
From the screenshot above we can see the beginning of the CashFX Group wallet address Jennings deposited the 0.30107918 BTC into.
“1DPVt-” corresponds to the wallet address “1DPVtFTcT3FXS4c1gQSvqK4oLibETTxTu9”.
We can verify Jennings’ transaction for 0.30107918 BTC plus a fee was made on January 14th, 2022 (click to enlarge):
Note that the “3EAS” wallet is not Jennings’ bitcoin wallet. That can be traced back to “1CuaVC3dPqMBHpvYgo3Rz1HBWjDVzkcu4N”, but is a headache and irrelevant to confirming the amount Jennings’ invested.
Jenning’s investment sat in the 1DPV wallet till January 18th, wherein CashFX Group moved it as part of a 10 BTC transaction (other investments), to the wallet “1Lt7BUFt6yPj1vwSWngmNWYzrjhgm7Jiud”.
The 1Lt7 wallet is the source wallet used to fund the pool of wallets CashFX uses to pay investor withdrawal requests.
At the moment withdrawals appear to be paid out in sporadic 10 BTC batches.
This flow of money shows Tanya Jennings funding a CashFX Group investment position, those funds sitting idle for a few days, and then being transferred directly into CashFX Group’s withdrawal wallets.
In other words, this is the equivalent of bank account statements confirming CashFX Group is using new investment to directly fund withdrawals.
Note that Jennings’ tracked transactions is just one. Anyone who has recently deposited BTC into CashFX Group should be able to track their investment to a CashFX Group withdrawal wallet.
Older investments can be tracked too but requires a bit more scrolling and mouse clicking.
With respect to CashFX Group’s withdrawal delays, we have two issues at play here.
First, due to Ponzi math, there simply isn’t enough new investment to meet withdrawal demand.
At time of publication CashFX Group’s “1Lt7” withdrawal funding account is sitting at 40 BTC.
Secondly CashFX Group limits and/or halts withdrawals whenever bitcoin goes down.
On March 10th CashFX Group started using the wallet “18r8ftfovKza9cDEvVRaqRjkaDPXj16dAQ” to accept new deposits and pay out withdrawal requests.
The address halted transactions on 12th May when Bitcoin had a sustained drop from the ATH of 53% over 7 days and resumed on 20th May.
On May 26th CashFX Group transferred 211 BTC to the “1Lt7” account in an attempt at bitcoin arbitrage.
Since then, CashFX Group has been using the “1Lt7” wallet to pay withdrawals.
The combination of new investment running out and bitcoin’s volatility has seen CashFX Group fall farther and farther behind with withdrawals.
This culminated with CashFX Group completely disabling new withdrawal requests in late November.
This was followed up by John Kinnear’s “we got hacked” excuse.
In actuality, CashFX Group was just repeating their May 12th play. You can sync this with bitcoin dropping from mid November, a week or so before withdrawals were disabled.
Bitcoin continues to trade flat or decline, new withdrawals aren’t anywhere near enough, and so the bulk of CashFX Group investors remain unable to withdraw.
Looking forward, Liberia has emerged as a new market for CashFX Group victims.
Recruitment in Australia has declined, seeing the US return as the top source of traffic to CashFX Group’s website.
Both the US and Australia are exhausted however. It is new markets, like Liberia, that are funding limited withdrawal requests.
This results in older CashFX Group investors crowing about receiving withdrawals. Notwithstanding selective payments to Justin Halladay, Luigi Bruni and other top CashFX Group net-winners.
Withdrawal requests from new recruits in Liberia and other third-world countries later in the year? Well, that’s somebody else’s problem.
Update 4th February 2022 – Sometime this week Tanya Jennings deleted every CashFX Group video from her YouTube channel.
Consequently the previously accessible link to Jennings’ video referenced in this article has been disabled.
bUt We GoT hAcKeD!
In recent back and forths with anti-scammers Jennings has denied that 1CuaVC3dPqMBHpvYgo3Rz1HBWjDVzkcu4N is her Bitcoin account. However the transactions directly correspond with her published withdrawal history (published on her videos). Pants on fire Tanya!! It’s your account.
is a treasure trove, the “payment processor” literally sent deposits directly to withdrawals and the “change” from these transaction went to 18r8 so it literally has a record of all the payment processor transactions because they used a constant change address!
Seems the Taxi driver and his fellow VIP driver didn’t do a good job hiding their ponzi bank account,and they’re low on cash oops.
Wonder what the current deposits received total is,if 40’s all thats left in the account.
mAsTeR tRadErs say what now.
Leaders will be going to ground , delete the Facebook and you tube history , sorry lots of copy’s who the scammer were.
“1Lt7” indeed seems to be CashFX pooling address, but I don’t think it’s directly used to pay withdrawals.
Rather, if you follow those outgoing 10-30 BTC batches, usually after some intermediary transactions, they end up in 10-30 BTC transactions on like these
which look like a cash out & payout transactions to me, with combination of large amounts of small amounts sent to private addreesses and various crypto exhanges: If you “rewind” those following the largest sum, you’ll end up on “1Lt7”.
Check some of those recent batches to see this pattern,
So the possible payout wallets are like these:
btw, On mMay 26, they laso moved over 600 BTC out of the pooling address:
Semjon, you are correct about it being moved a couple of addresses along to then payout, not sure where you see the exchanges in those bulk payouts though, it looks like all of them are member withdrawal addresses.
For all intents and purposes 1Lt7 is the payout address as most of the direct payout addresses are used only once.
Check out the payment processor address, it doesn’t even go to an intermediate address – bulk deposits to bulk withdrawals and the change going to 18r8
As I understand it “1Lt7” is the “withdrawal pool” type account. From “1Lt7” CashFX Group sends the bitcoin to other wallets (maybe 1 or 2 layers), and from there withdrawals are paid.
The significance of the “1Lt7” account is anyone in CashFX Group should be able to trace a deposit to that account. They should also be able to trace a withdrawal backwards to “1Lt7” too.
This should work for payments in and out back to at least May 2021. They’ll likely change wallets going forward so who knows with future payments.
Oz, I’m pretty sure these are all just manual payments from 1Lt7, the processor is documented from 18r8.
10th March 2021 18r8 started receiving change from payment processor so has a ledger of all transactions.
9th December 2021 all payments stop from 18r8, around this time deposits to cfx were disabled, so I’m guessing something broke lol.
Since then 1Lt7 has been receiving the deposits and sending them out via different bc1 addresses.
Definitely take James’ analysis over mine. Anything blockchain makes me want to faceplant a buzzsaw.
After I’d finished putting this together I immediately began deleting these files from my brain.
What a load of crap, clearly the info on this article has been made up.
If you know exactly how the CFX system works, (Ozedit: snip, see below)
Yeah, except anyone can verify the transactions themselves on dUh BlOcKcHaIn.
You invest, CashFX Group uses those funds to pay returns. We’ve known how CashFX Group’s system “works” from day one.
The tracked blockchain transfers confirm MLM + securities fraud = Ponzi scheme.
If you have to come up with whacky conspiracy theories and ignore presented evidence, you’ve already lost.
Are they not paying any longer or what? 3 months no payment are you kidding me? Is cash fx shut down or what?
When are we getting our funds? I regrets investing, yet they take 20% of your withdrawals what a company.
Not happy to have your ponzi-nomics exposed as a literal house of cards where the money gets shuffled around to shut people up?
Whatever it may be, cashfxgroup acknowledge of a problem and they are fixing it.
If anyone has a better offer (Ozedit: shameless begging removed)
CashFX Group is a Ponzi scheme. As far as I know they haven’t acknowledged that yet.
Nor is there any way to fix it. Let alone two years in when the majority of invested funds have already been stolen.
Nobody owes you anything. Go beg somewhere else, kthx.
Problem is not enough money left to steal.
That happens when you keep taking other people’s money – it runs out.
Better offer? Stop stealing.
Tanya Jennings knows Cashfx is a ponzi, but her profession of being an online markeketer, well she has to prey on the vulnerable.
Offering passive income and the illusion that her followers can quit their jobs. She is just after your commissions people, wake up.
She will be offering the exact same promise soon, just using another ponzi scheme name.
The payment processor address is actually –
Where does 18r8ftfovKza9cDEvVRaqRjkaDPXj16dAQ come into it?
They can also change these addresses at any time. It’d be difficult to keep up if they did.
18r8 is where the payment processor sent the change of the deposit to withdrawal transactions.
It’s posted above but has a lower case “a” 2nd from end rather than the capital “A” – copying mistake in my original pdf
Ah got it! Was confused, my bad.
Article updated to note Tanya Jennings has deleted every CashFX Group video from her YouTube channel.
Still see (just a few) Cashfx videos on her channel…
Green screen ‘lady’ is not happy hey? Lowlife scammer she is.
They mustn’t have CashFX Group in the name (probably why she missed them too).
I can’t read the other video titles, Jennings’ chosen color palette gives me a headache.
edit: this is from videos and scrolling back so all of them dating back to three years show up.
Press ‘How I turned 500,- into 1000,- weekly passive income online picture/screenshot..
Is this a cache issue?
The only video on Jennings’ channel at the moment that partial matches that string is “How I built a Email list of over 40,000 subscribers in 6 mths for FREE – My Lead Gen Secret Review.” from 2019.
Must be a cache issue! I keep learning here..
Sorry you had to check that channel again.
Could the transactions claimed going out be the fastcash and bonus system that go automatic, witch is 30% of the update amount, while 70% goes into trading?
And could the delay in payout connected to BTC be that if they pay out under volatility, the members would get less than what was sendt? Due to value drop in BTC while the transaction is being made?
I register that members are getting payed now with about 30 days delay. I also register that many other companies like crypto.com also was hit by hackers. They to stoped all transactions for a while.
If you want to make assertions on what CashFX Group does with invested funds, provide legally required audited financial reports.
Spoiler: There is no trading. That’s why CashFX Group has operated illegally from day one.
There’s only one reason a Ponzi scheme stops paying out.
I put a little withdraw in my second one for less that $250 on October 30 2021 and it is Febuary 7th still have not seen it.
The first time I withdrew less that $150 it took 3 months before it showed up. So I was giving this one 3 months too. But times up still don’t see nothing.
With the fee they charge to withdraw and the withdraw is in Bitcoin you should get it faster than 3 months or never.
No, the money going out is the money coming in.
The “leaders” keep saying to be patient, phase 2 is going to blow your mind.
Recently they’ve announced another “coming soon” attraction with the Mastercard option to solve the withdrawal issues.
I think you’re right. Now enough money and running on steam.
You can’t MasterCard your way out of not having enough new investment to cover Ponzi withdrawal liabilities.
And wasn’t “phase 2” that Panama office opening last year? It was smoke and mirrors. We’re up to phase 3 now sounds like…
Despite members waiting 7 months for payments, Tanya is still at it –
Anyone know where Huascar & John Kinnear are now? No word in weeks.
Tanya has pulled her page.
Unfortunately, there are 50,000 plus members still waiting for withdrawal money as of mid-February 2023, according to the telegram group chat!
Maybe less than 10 have claimed to be paid recently, just here in Canada.
Some applied for the new phase 2 debit card over a year ago, and nobody has received the card as yet, and are still working on getting approval. They also claim that some withdrawals are being selected for the “test run”.