Horizok has received a pyramid scheme fraud warning from Russia.

As per the Central Bank of Russia’s May 5th warning, Horizok exhibits “signs of a financial pyramid”.

As reviewed by BehindMLM a few days ago, Horizok is a “click a button” app Ponzi scheme.

Horizok’s Ponzi ruse is quantitative trading. Investors download the app, invest tether and then “click a button” to qualify for daily returns.

With no verifiable source of external revenue, Horizok pays returns out of subsequently invested funds. The pyramid element exists by way of Horizok financially incentivizing recruitment of new investors.

Without a constant stream of new investors signing up to lose money, Horizok will promptly collapse.

Horizok is one of hundreds of “click a button” app Ponzis launched since late 2021.

Chinese crime interests operating across Asia are believed to be behind the ongoing “click a button” app Ponzi plague.