Almost a year after Trillant collapsed, owner Erich Ely has announced a “decentralized” exit-scam.

Ely, a German national who is believed to have fled to Dubai, came out of hiding to address Trillant victims on October 1st, 2024.

After spending a few minutes begging investors to pretend he hasn’t been MIA over the past ten months, Ely laid out his plans for Trillant’s reboot.

I would now like to present to you where the journey is going in the next few months or, let’s say, until 2025 in the middle of 2025.

And it’s quite simple, we’ve thought about it a lot. Okay, what do we do with the system as it is currently is. In the end it’s very very good but we can’t continue because we’re getting more and more problems from outside and so on and so forth.

Ely doesn’t go into specifics but could be referring to the German BaFin Trillant fraud investigation, first confirmed back in late 2022. Since being announced, the status of BaFin’s investigation is unclear.

I’ve spoken to a lot of people or we’ve joined forces to that in the end we’ll simply build a decentralized platform and so on.

That’s why there won’t be anything Trillant here in the future.

Decentralized with respect to MLM crypto schemes is of course a myth. The schemes don’t set themselves up, someone creates and runs them – and that person or persons owns said scheme.

Ely goes on to claim KYC prevents Trillant from processing withdrawals.

Firstly there has to be KYC and without KYC we are not allowed to make a transaction of your (backoffice) values.

KYC is commonly cited by Ponzi scammers as a cover for them stealing invested funds (i.e the “KYC exit-scam”). KYC after the fact is also a convenient way for scammers to steal personal details for potential resale on the black market.

Naturally with Trillant’s reboot will come a new Ponzi shit token.

Secondly, if it goes into a decentralized system then it simply has to be the case that we create a new token … which is also already prepared.

There will also be a token swap. As soon as you have KYC active you will get a new button, an external page opens.

This token swap, namely the values that you have on the back office of all the values that you have ever known … are then sent to a decentralized separate TON wallet of yours.

In essence, Ely is converting Trillant shitcoin losses into some other shitcoin, which will be dumped under the guise of decentralization.

Ely has given Trillant victims till October 15th to pay a $9 “swap fee” and jump through whatever other hoops he’s set up. The exit-scam commences on November 15th.

Trillant investors who don’t comply with Ely’s exit-scam will have their accounts deleted “after October 30th”.

Ely has claimed Trillant’s new shit token will be dumped on public exchanges sometime next year.

In the meantime, Trillant victims can play some new crappy Telegram-hosted “play to earn” crypto game Ely has come up with. A Trillant staking Ponzi will also be available.

As for the real money Trillant victims gave to Ely dating all the way back to Paraiba in late 2019;

Because we are creating a decentralized system there is no need for a CEO, or boss, or backoffice.

That means I’m announcing today, even after five years of hard work, and it’s hard for me to release it but I have to release it; I’m going to step down as CEO.

Ely is taking the bags of money stolen through Paraiba and Trillant and disappearing, likely this time for good.

Following his personal Trillant exit-scam, Ely claims a group of 20 to 30 something year old scammers will take his place.

So much for dEcEnTrAlIzAtIoN.

Not expecting any significant updates unless German authorities actually file criminal charges. Failing which, I might leave a brief update below when Trillant’s new token inevitably collapses post-dump next year.