The GIG-OS Ponzi scheme appears to have collapsed twice since BehindMLM reviewed the scam in 2020.

The first collapse appears to have happened circa 2022. GIG-OS’ original cycler Ponzi was run in euros. With the first collapse investor losses were transferred to GICO coin.

GICO coin, at the time, was an internal shitcoin created by GIG-OS.

GIG-OS’ rebooted GICO coin cycler Ponzi continued through August 2024, wherein dumping GICO coin on Netsbo was announced.

Netsbo, run by anonymous owners hiding behind a Marshal Islands shell company, is a shitcoin factory with its own purported blockchain.

GIG-OS’ plan appears to be to migrate GICO coin onto Netsbo’s blockchain, after which dumping GICO coin on dodgy public exchanges can commence.

Another possibility is GIG-OS migrating from the cycler Ponzi model to staking. Netsbo runs a staking Ponzi attached to its own CBR token.

Coinciding with GIG-OS’s GICO coin announcement, Netsbo’s website went live circa August 2024. It’s highly likely but unconfirmed whether the scammers behind GIG-OS are also running Netsbo.

Another component of GIG-OS’ Netsbo dump is JumboLine.

JumboLine operates from “jumboline.net”, a domain privately registered on August 27th, 2024.

JumboLine claims its the “best way to wrap your coins in Netsbo Network”.

On-chain execution of smart contracts allows us to integrate cryptocurrency exchange from different blockchain networks into one ecosystem.

As a result, the user is provided with the most simple, understandable and convenient platform for working with crypto assets.

I’m sure that means something to crypto dorks. For everyone else, JumboLine appears to be a bridge between GIG-OS, Netsbo and smart contracts.

GIG-OS is believed to be run by Russians hiding in Latvia.

The first iteration of GIG-OS was the third reboot of the long-running EmGoldex Ponzi scheme. GIG-OS’ two collapses bring the total number of EmGoldex/GIG-OS Ponzi collapses to five.

All of the EmGoldex/GIG-OS scams have centered around fictitious gold used to market a Ponzi scheme.

Across EmGoldex and GIG-OS, the scam has attracted regulatory attention from the US, the Philippines, Malaysia, the UAE, Curacao, Peru, Russia and Italy.

Additionally;

Despite all of that, promotion of GIG-OS persists.

As of August 2024, SimilarWeb tracked top sources of GIG-OS website traffic as Argentina (59%), Brazil (14%), Italy (13%) and Colombia (12%).

It appears Argentinian authorities making one arrest wasn’t enough to stop local promotion.

That said, GIG-OS’ monthly website visits is sitting at around ~45,900. That’s down 45% the same month GIG-OS made its GICO coin Netsbo announcement.

 

Update 2nd October 2024 – Making a note of Olympia Lab, which appears to be some crypto game spinoff of GIG-OS’ reboot.

Presently Olympia Lab’s website is just a login form, which in itself is a red flag.

Olympia Lab seems to be some sort of farming game (i.e. task-based scam). Additional GIG-OS shitcoins attached to Olympia Lab include GAME GOS coin and REEX Coin.

Probably DOA outside of existing GIG-OS investors but worth mentioning in case it becomes the main grift (i.e. Netsbo collapses).