Sybbex Ponzi scheme collapses, website gone
The Sybbex Ponzi scheme has collapsed.
Sometime in the last 24 hours Sybbex’s website has been disabled. Most of Sybbex’s social media accounts have also been deleted.
Sybbex’s official FaceBook page hasn’t been deleted yet but was abandoned on April 4th.
Sybbex was a Boris CEO MLM Ponzi scheme run by Russians.
Fronting Sybbex was “William Hollan”, played by an actor in Moscow.
Sybbex solicited investment in tether (USDT) on the promise of up to 3.4% a day.
At time of collapse, SimilarWeb was tracking ~31,800 monthly visits to Sybbex’s website. As of February 2025, 54% of Sybbex’s website traffic originated from France, 34% from Brazil and 7% from India.
While SimilarWeb’s tracking gives an idea of where Sybbex investors are from, total losses remain unknown.
Update 19th April 2025 – Sybbex’s collapse coincides with an April 10th securities fraud warning issued by the Central Bank of Ireland.
Sybbex company future.
The future of Sybbex is you invested into a Ponzi scheme and your money is gone. Sorry for your loss.
What a surprise :-))
Article updated to note Central Bank of Ireland’s April 2025 Sybbex securities fraud warning.