While Blockchain Sports has always represented itself to be based out of Dubai, scammers behind the Ponzi scheme appear to be operating from Russia.

Blockchain Sports is an MLM crypto Ponzi fronted by convicted fraudster Dmitriy Saksonov.

On social media, Saksonov goes by Dima:

Saksonov is assumed to be hiding out in Dubai due to his criminal past and Blockchain Sports being a fraudulent investment scheme.

Jeremy Roma, a US national who spends his time between California and Dubai, funneled victims of his Daisy Global Ponzi scheme into Blockchain Sports after the last iteration of Daisy Global collapsed in late 2023.

Earlier this month two other Blockchain Sports team members, Andrey Shcheglov and Grigoriy Lundin,  appeared on a marketing webinar:

A BehindMLM reader has written in to advise the building behind them is the Imperia Tower in Moscow:

I don’t know what floor Shcheglov and Lundin are on but the section of the Imperia Tower behind them appears to be one of the black banded floors (not sure if it’s a balcony railing or tinted glass).

Imperia Tower is in plot 4 of the Moscow International Business Center and is surrounded by other towers – one of which Shcheglov and Grigoriy appear to be in.

The Central Bank of Russia is pretty active with respect to regulation of fraudulent investment schemes. To that end Blockchain Sports has not been promoted in Russia, despite strong ties to the country.

On its website Blockchain Sports only discloses a corporate address in Dubai. There is no mention of Russia.

In May 2025 Dev.by, a Belarus IT focused news site, published an article titled “How Russian IT companies are flooding Belarus“.

Blockchain Sports gets a mention the article, following a late 2024 promo in Belarus that raised eyebrows;

In late November 2024, Minsk hosted a massive conference—One AI Forum.

Organizers presented it as «the largest IT forum in the CIS for investors, startups, developers, and students, which was attended by more than 6,000 people.

The event was extensively covered by state media (one, two) and business publications.

One AI Forum also held a startup pitch competition. Experts selected 10 from more than a hundred projects.

One of them—an educational platform for medical professionals called SmartDoctor—received a $9,000 grant to use the Yandex Cloud platform.

The rest were promised comprehensive support in business processes from X-Labs (the general partner and organizer of One AI Forum) and hints about potential investments from the Middle East.

Whether the startups ultimately received the promised mentorship and connections with Arab investors is unknown. Probably not.

The issue is that just in January (only a month after the grandiose AI forum at the football arena), the IT group Blockchain Sports Ecosystem, which includes X-Labs, stopped paying its employees.

Management informed the team that an investor or investors had left: either from the UAE or from Serbia.

The IT group Blockchain Sports Ecosystem unites several teams/companies/legal entities, including HTP resident X-Labs Inc. It has been known in Belarus for about a year and a half.

The staff numbers at least several hundred people. Employees mentioned figures from 800 to 1000, and even more including the Russian office; the Blockchain Sports LinkedIn page indicates between 1,000 and 5,000 employees.

According to its website, the IT group has headquarters in Dubai and three main domains—motorsport, drift, and football. In November 2024, it brought actor Til Schweiger to Belarus.

Since the beginning of this year, Blockchain Sports Ecosystem has experienced problems with salary payments.

According to employees, this is allegedly related to the departure of the main investor. Due to lack of funds, they can’t even dismiss people: there’s no money to formally terminate contracts.

This probably explains why nothing much happened at Blockchain Sports until mid 2025, wherein the company announced it was dumping its ATLA token on the dodgy MEXC exchange.

Blockchain Sports investors who invest in ATLA have their tokens locked up for a minimum of 12 months. This has allowed Blockchain Sports to comically pump ATLA’s public trading value to $56.65 as of October 25th.

ATLA’s public trading value is of course just a marketing tool. Blockchain Sports investors can’t actually cash out from Blockchain Sports to MEXC.

Blockchain Sports investors are only able to cash out through an internal OTC exchange, which was “coming soon” as of August 2025.

Unpaid employees in Moscow, government corruption in Belarus, and the convicted fraudster running Blockchain Sports hiding out in Dubai.

Daisy Global investors, who’ve been losing money to Jeremy Roma since 2020, just can’t seem to catch a break.