Nimbus Platform and its Syncord reboot have received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).

A per the CNMV’s January 13th, 2025 warning;

The [CNMV] warns that Nimbus Platform [and] Syncord [are] not authorised to provide the investment services and activities subject to the activity restriction in accordance with the provisions of Article 129 of the Spanish Securities Markets and Investment Services Act, in relation to the financial instruments detailed in Article 2 of said Act, including, for those
purposes, foreign currency transactions.

In addition; it is not authorised to carry on activities reserved for collective investment schemes detailed in Article 1(1) of Spanish Law 35/2003, of 4 November, on Collective Investment Schemes; it is not authorised to carry on activities reserved for crypto-asset service providers detailed in sections 16-26 of the first paragraph of Article 3 of Regulation (EU) 2023/1114 of 31 May 2023 on crypto-asset markets, subject to prior authorisation in accordance with Article 59 of said Regulation.

This is the second Nimbus Platform warning the CNMV has issued. The first was back in November 2020, shortly after Nimbus Platform launched.

Spanish authorities were also behind Andrea Zanon’s arrest in late 2023.

Zanon was the original face of the Ponzi scheme but after disappearing was succeeded by a series of revolving-door replacements.

The last replacement, Patricio Pozzi, disappeared around the time of Zanon’s arrest.

Spanish authorities have charged Zanon with aggravated fraud, participating in organized crime, falsifying documents and money laundering. Nimbus Platform losses are pegged at 112 million euros.

Unfortunately there have been no updates on Zanon’s case since his arrest.

Eleven months after Zanon’s arrest, in November 2024, what’s left of Nimbus Platform announced a Syncord rebrand.

The transition to Syncord however appears to have stalled. Nimbus Platform’s website is still self-branded, pitching consumers on as much as 60% annually through an NFT investment grift.

As of December 2024 SimilarWeb was tracking ~3200 monthly visits to Nimbus Platform’s website.

99% of Nimbus Platform’s website traffic originates from Spain. The remaining 1% is attributed to India.