Lusate Ponzi collapses, website pulled offiline
The Lusate Ponzi scheme has collapsed.
On June 16th Lusate’s website was reverted to a diagnostic page, indicating the entire site and backend had been deleted:
As BehindMLM understands it, in the lead up to its collapse Lusate held an “exclusive package” promo to encourage new investment.
In hindsight, this was an attempt to fatten the pot as much as possible before disappearing.
Lusate was an MLM crypto Ponzi that launched in April 2023.
Believed to be run by Russians, Lusate pitched daily returns of up to 1.3% a day.
SimilarWeb tracked a massive decline in Lusate website traffic between April and May 2023:
June likely wasn’t faring any better, prompting the scammers behind Lusate to pull the plug.
Lusate victim numbers and how much was collectively lost remains unknown.
Update 22nd March 2024 – Recovery scammers have set up the domain “lus-ate.com”.
The website is presented as a reboot of Lusate, running on a generic finance website theme.
Anyone interacting with the Lusate recovery scam is advised it will only lead to more losses.
They still promise members in their Telegram group they’ll come back online soon.
Lots of people lost their money. Hope the owners will get caught.
Irish scammers Fiona Mulhern and Sinead McCann promoted Lusate.
They formed a syndicate in which they invited people to send money directly to them with the promise that they would put the money into Lusate as a group.
We suspect it was a new way to rip people off. They became the bookmaker and took bets on this obviously losing horse.
Why send the money to Lusate? Just keep it and when Lusate collapses they get all the money for themselves!
June 16th. We’re not in July yet. Mind you I have no clue what year we’re in.
đ thanks. Bit distracted with what’s going on in Russia. I am a terrible multi-tasker.
You’re doing great Oz. Thanks to these articles people are aware of whats going on. Keep up the good work.
They scammed me too, they are Turkish origins. I have been sent erc-20 token from them called ether USDT it’s 0. It has zero market liquidity.
They contact people on telegram and WhatsApp. The best you can do is report to the government, and police.
They MUST go to jail, this is a huge scam. Millions of dollars scammed.
Turkey again? I suppose that tracks with Vortic United and all the other Ponzis from that Russian cell.
It looks like they are back online, from an announcement in their telegram channel on the 23 Feb 2024 with a new website of lus-ate[.]com. Using a different registar to the previous.
Other links on the new site point to web archive links of the old one. E.g. lus-ate[.]com/?a=support is just surfacing wayback machine content.
The Lusate reboot came up for research today.
I was able to link it to recovery scammers circa mid 2023 so it doesn’t appear to be an actual reboot.
Will make a note of it on this article and our original Lusate review.