The EchoOne Ponzi scheme has collapsed.

EchoOne initiated its exit-scam on Saturday, December 23rd. The ruse of choice was a “transition to litecoin”.

Effective immediately, we are making Litecoin (LTC) our new preferred withdrawal method.

As a result of this update, withdrawals for this week will proceed exclusively on Sunday, with Litecoin as the new payout currency.

EchoOne failed to pay withdrawals that Sunday, prompting another update on Saturday, December 30th.

We want to inform you that we are moving this week’s withdrawals to January 3rd. This decision is rooted in our commitment to ensuring you have the best trading outcomes possible.

Once again EchoOne failed to pay withdrawals on the specified date. This prompted more stalling on January 3rd;

Tomorrow, January 3rd, withdrawals for the previous weekend will begin at 6 PM UTC time.

The withdrawal window will remain open for a full 24 hours, ensuring you have ample time to make your requests.

Those withdrawals weren’t paid, prompting a final update on January 4th;

We want to extend our sincere apologies for the delay in processing withdrawals today. We understand that timely withdrawals are crucial to you, and we’re here to provide an explanation and assurance.

The delay was caused by our exchange withdrawal taking longer than expected to transfer funds to our withdrawal server, the platform from which you make your withdrawals.

We want to reassure you that as soon as the funds arrive, we will promptly initiate the withdrawal process.

That was eleven days ago, with there being no further updates since.

EchoOne’s website remains online and is accepting new investment. Withdrawals however remain disabled since December 23rd.

It should be noted December 23rd is the day BehindMLM published its EchoOne review.

EchoOne launched mid 2023 and was fronted by “Nicholas Bennett”.

It’s unclear whether Bennett actually exists.

Based on December 2023 website traffic analysis from SimilarWeb, the majority of EchoOne victims are believed to be from the US (33%), Kenya (30%), Qatar (23%) and the UK (10%).