Edain pyramid scheme fraud warning from Russia
Edain has received a pyramid scheme fraud warning from the Central Bank of Russia.
As per the CBR’s March 30th warning, Edain “exhibits signs of a financial pyramid”.
The CBR’s warning identifies two domains associated with Edain; “shop.zixxar.net” and “shop.edain.ai”.
The Zixxar domain appears to provide backoffice functionality for Edain:
Alexa only ranks Austria as a notable source of traffic to the domain (15%).
“Edain.ai” is Edain’s primary website domain. Traffic peaked in early February and has since gone into decline.
Edain is a smart-contract Ponzi scheme run by co-founders Hardy F. Schloer, Adela Fofiu and Mihai Spariosu.
Back when BehindMLM reviewed Edain last November, Ukraine was ranked as the top source of traffic (46%).
Edain recruitment in Ukraine appears to have collapsed prior to the recent Russian invasion.