TronCase Ponzi collapses, smart-contract cleaned out
The TronCase Ponzi scheme has collapsed.
Two days ago TronCase’s smart-contract was sitting at 38.99 million TRX (~$2.37 million USD). Today it’s at 0.
Which TronCase’s collapse earlier today might come as a surprise to some investors, anyone with a remote understanding of cryptocurrency should have seen it coming.
On June 23rd TronCase’s smart-contract hit an all time high of 96.84 million TRX invested (~$5.8 million USD).
Courtesy of TronScan, we can plot TronCase’s collapse over the past two weeks:
The long and the short of it is $5.8 million in tron wound up in someone’s pocket. With TronScan being a Ponzi scheme, this is of course by design.
TronCase admins Martin Karus and Erik Nurm appear to have abandoned their social media accounts.
Karus hasn’t posted on Facebook since February 25th. Erik Nurm stopped posting on June 25th.
As of yet a TronScan exit-scam excuse has yet to surface. At least not publicly.
We anticipate one will be pushed out soon enough. Sometime like “the smart-contract god COVID!” or “(insert random individual here) ran off with the money to (insert hidey-hole jurisdiction here), we can’t do anything!” etc. etc.
BehindMLM noted in April 2021 that TronCase appeared to be on the road to collapse.
This was based on Eric Nurm promoting another CoinSwap, another smart-contract Ponzi at the time (see updates to BehindMLM’s TronCase review).
Ryan Conley, who now goes by Ryze Conley, recently fled to Brazil.
Conley is still promoting CoinSwap. He is also promoting Tag Protocol, a hashtag NFT smart-contract “sTaKe YoUr TaGcOiNs!” Ponzi scheme.
A week ago Conley was boasted on YouTube that one of his TronCase accounts had maxed out at 4 million TRX (~$243,000 USD).
Two days ago Conley celebrated the purchase of a Porsche SUV on Facebook.
Based on Alexa traffic analysis, TronCase’s victims are primarily from India, the US and Canada.
Update 14th July 2021 – TronCase has rebooted their Ponzi scheme with a new website domain.
The whales bailed 1st and then the little fish paniced and made a run on withdraws. Pretty simple really, as this is what happens with most of these zero sum games.
1000’s of different wallets withdrew in a frenzied attack on the balance and it was interesting to note just a hand full of them took out the majority of the balance, with one wallet address ripping 40 million in one hit, during this period.
So that 40M whale must have been sitting on that amount for a week or two, until they saw it was time to get out.
It’s sad to see these money-grabbing pirates at work and what was even worse, it appeared the majority of people were oblivious as to what they had actually gotten into.
It’s also interesting to note that coinswap space, came out and denied any direct affiliation with TronCase, whoopsie, what?.
SmArT cOnTrAcTs aRe uNsCaMmAbLe!
Next up you’ll be saying Santa isn’t real.
How can the contract balance be zero if not (literally) everyone withdrew their money?
Because in a Ponzi scheme early investors and the admin steal the majority of funds.
Math guarantees the majority take a loss.
Imagine that,if you promise the ability to withdraw 1+x the money you put into an obvious ponzi scam that has no other financial input, that means that money has to come from the majority losers unable to withdraw aka the masses aka victims.
They can’t miraculously give out money from thin air.
This is the same for every ponzi scam, for somebody to win the majority have to lose.
Smartcontract, Trade copying, AI Bot, BTC Lending, BTC Staking, Education packages – regardless of the “story” and gains promised the majority will lose every time.
That’s what I was thinking. If the income came from trading, it can’t be drained to zero, right?
Only if new deposits are used to pay existing members. So is this definite proof it is a Ponzi?
Erik Nurm just ran out of money while enjoying himself in Mexico.
TronCase was here to finance his expensive lifestyle.
Fun fact: Rabu Gary (probably the biggest promoter of Troncase) made a post in his “UIGI – United Investors Group International* Facebook group, saying that people making critical comments about Troncase will be kicked without notice.
At the same time he announced that Lion’s Share Velocity project is now here to replace TronCase.
Thing is Troncase never even tried to market itself as having any income-generation from trading or otherwise,a more obvious ponzi-scam I haven’t seen in ages
It never does.
TronCase was a Ponzi scheme when I reviewed it back in February. MLM + securities fraud = proof of Ponzi.
This now is just definite proof of TronCase’s collapse.
Good write up, however, some of the information you provided in this beautiful piece are false and misleading.
For example, I went on Facebook and discovered that these guys haven’t abandoned their social media accounts like you claimed. The most recent post was published 3 days ago.
You also claimed that Ryan Conley had changed his name to Ryze on Facebook. Well, I found that to be untrue.
By the way, I didn’t know these guys until you mentioned their names. Thanks
I don’t know what Facebook accounts you checked but I checked Karus’ and Nurms’ Facebook accounts at the time of publication and reported accordingly.
Went and rechecked and can still confirm both accounts have been abandoned as per the specified dates.
I actually stated Conley was going by “Ryze Conley”.
I didn’t say anything about Facebook. Circa April 2021 Conley was using the alias on his profiles.
It seems he’s relegated it to YouTube video titles now. Perhaps he realized there was no point.
My due-dil brings all the boys to the yard
And they’re like, it’s better than yours
Damn right it’s better than yours
I can teach you, but I’d have to charge…
What, were you expecting an apology for me being thorough? Sorry for your loss.
This is Ryze and your articles make you look so desperate Mr. Author. I didn’t invent Troncase or ever abuse the system. I lost 60% of what I put into it.
I have come up with a solution to make all members whole and this will be revealed this week so you eat your words!
Nice try to talk trash but you will be proven incorrect with your rubish and negative talk very soon. You must have been abused growing up and that’s why you act how you do or maybe a woman never showed you love.
I can’t imagine how desperate you are for attention but I feel bad for you! Troncase will be fixed and all will be well!
Hi Ryan. BehindMLM never claimed you invented TronCase.
Right but, of your own actual money, how much did you invest vs. how much you stole? Net amounts, no Ponzi gymnastics please.
You know as well as I do this is mathematically impossible.
Imagine being a father who abandoned his daughters so he can pose for poolside photos with whores in another country.
I think we can both agree to stay on topic? Thanks.
Ryan, so glad you came to visit. So how’s Brazil? Have to wonder why you moved there?
I especially loved the moral lecture from a Ponzi pimp such as yourself.
You wouldn’t know a real program if it sat in your lap and hit you upside the head with 2’x 4′.
Ponzi’s are what you have always done and all you know how to do.
So what’s your excuse: you weren’t loved as a child or were you bullied that made you turn to a life of crime; or something else?
Taking moral advice from you is like taking relationship advice from Ted Bundy.
We get it, you don’t know how to make money through actual work, it’s unfortunate but i’ll chalk it up to how you were raised, rather than it being on purpose.
But can you at least be honest about what a douchebag you are rather than acting like the savior of mankind. You’re a criminal, simple.
This J Ryan Conley ?
That’d be the same Conley. I believe he got envious of some guy’s peepee and sounded off.
Now Conley’s run off to Brazil, one of the worst countries hit by COVID-19 (talk about privilege), to have a(nother) mid-life crisis.
Very smart of Oz to not fall for the personal attacks like the Ryan guy, that’s defenetly a sign of weakness and that shows that he got no way to actually address all the points Oz have made.
ROFL – Posing in front of Hookers comment
This is nothing new about Mr Conley.
They have told everyone that the fix is troncase.pro now a 2.0 version of troncase.io.
Who could have predicted that?
REBOOTS FOR DAYS
The Clowns Are Already Promoting Troncase Version 2 to the hopeless and desperate people they just robbed.
They moved faster than Sonic the Hedge Hog and the Road Runner.
Cause Tron Case 2 was built on May 10, 2021 and deployed now to rob you one more time.
They had this planned 2 months ago.
They are leading more sheep to the slaughterhouse.
Ya Some Clowns s
Do you really believe a new biz could be created in less than 48 hours ?
Not even Satoshi Nakamoto could code that fast.
They are promising 200% returns and 100% is you getting paid back your own money little by little so the earliest you make one penny is 200 days from now.
On day 200 is when you earn 0.5% more on ya funds.
Half a percent is nothing after locking up ya funds up until January 29, 2022 !!!
In CRYPTO no one needs to wait 200 days to make a profit !
Dang they fooled ya twice
Mathematics is a hell of a drug – Charlie Murphy
This is a last ditch effort to get more money before they shut down.
I doubt 3000 people joined Tron 2.0. Who all joined must be DESPERATE People who have joined Tron 1.0 and hoping to get more suckers.
At 15$ for 3000 people, that’s like 45000$. Waiting and watching how long this drama starts.
By the way this was news to me, Conley fleeing USA to Brazil
Wonder what happened to his Mercer Island “RENTED” House. At the end of the day, all he can do is own some cheap dump in FIFE. Why is he NOT SHOWCASING that cheap dump. By the way an Associate who Conley earlier worked with. Interesting
Intel: Supposedly Martin Karus has fled Malaysia for Dubai.
TronCase cleaned out, Karus turns up in Dubai. Coincidence I’m sure.
I dont see Conley talking about TRON CASE no more on his FB page. It is all about NFT and some new BS Coin he is coming up with.
I wonder how people are still getting FOOLED BY HIM.
Yeah TagCoin isn’t MLM so I haven’t covered it here. Selling hashtags oN dUh BlOcKcHaIn that nobody gives a fuck about. Just a ruse to steal people’s money.
Invest in TagCoin, get more TagCoin passively through sTaKiNg, cash out other people’s money.
I had one of their marketing plebs object to my mentioning TagCoin in this article. Pointed out it was a Ponzi scheme and that was the end of the convo.
Now they’re letting scammers launch their own coins on the TAG platform so here comes Ryan Conley coin (that will pump and dump within a few days, if not hours).
Am still surprised People are STILL GETTING FOOLED. This was an earlier Affliate of Mr Conley.
He off-course calls him Devon Shi on Facebook. I wonder why
Quote by Conley –
Hey Conley – why do you keep using FB then. Why dont U post on FutureNet, Staged etc.
Oh sorry – those were other Ponzis which you strongly propogated and now ALL GONE. Be happy FB is atleast keeping U here.
By the way what happened to your 14 Million from Kelei (The Big Courtcase where U hired Lawyers which won against MS)?
Ryan Conley is very quiet these days. No mention of TRON CASE.
You can find Erik Nurm in dubai it is speaker:
Yah. Most of the MLM crypto admin scammers have fled to Dubai.
It’s a global problem that regulators are going to have to stop ignoring at some point.
Haha, look who else is a “speaker” at the event. Andrey Khovratov.
I didn’t catch that. Might have to do a separate article.
“MLM Ponzi kingpins headline Dubai crypto fuckfest”.
edit: I see several MLM Ponzi scams are also sponsors. Good grief.
I suspected, but i’m terrible with names. I just remembered UGPay from the other day.
css scammer erik commnet in youtube for it.
Wanted to make a note of a Ponzi scheme being run through Erik Nurm’s Coinswap Space scam platform.
EliteX Exchange is being run by Kent Kruusmaa, a former OneCoin and DagCoin Ponzi scammer.
Usual crypto shitcoin bullshit: invest in ex token and get 250% staking or 240% if you “farm” with CoinSwap Space’s own css shit token.
Referral commissions aren’t MLM, you get 5 USDT per affiliate investor you recruit.
If CoinSwap Space pops up again I might put together a separate article to keep track of the scams being launched through it (MLM and non-MLM).
css scammer erik commnet in youtube for it.
(Ozedit: link removed, see below)
Either that was the wrong video or it had nothing to do with TronCase.
CSS and Erik Nurm are currently promoting Vitali Dubinin’s Shibu token project. If I remember correctly, Dubinin’s Bitcoin-Ponzi schemes have been written here before.
According to Erik Nurm, the so-called Shibu token will immediately change the whole world, as evidenced by the posting of pictures of Hollywood stars (Gal Gadot etc) 🙂
Shibu promotional video: youtube.com/watch?v=FstLCOEiqpg
Geez, is there anything more cringe than a bunch of scamming skeletons in Dubai late to the memecoin/NFT fad?
Save The Kids vibes but for boomers.
Vitali Dubinin and Erik Nurm talk about the same topic here (CSS, Shibu-sht, “Gal Gadot” etc). A newer visual of Nurm than at the beginning of the Troncase thread.
Oz, maybe it’s time to open a separate topic about CoinSwap Space?
Unless I’ve missed something CoinSwap Space isn’t an MLM opportunity.
It’s a shitcoin factory peddled to scammers in Dubai, but that doesn’t fit review criteria.
I had a closer look at Shibu Token today. Other than early investors positioning themselves for the inevitable rug pull, nothing has changed since early December.
Erik Nurm, Vitaliy Dubinin and a bunch of boomers in Dubai.
To further illustrate how stupid this all is, a BEP-20 SHIBU token already exists:
pEaK bLoCkChAiN bRo.
Nurm can create shit tokens on demand through his CoinSwap Space exchange. We’ll probably see more shit tokens pushed out in the future.
Can’t see a Shibu Token MLM opportunity but if one pops up I’ll publish a review. Otherwise leaving it there.
Martin Karus and Kent Kruusmaa running a ponzi called Monarch, a copy of Etherconnect.
You can just buy the token in the backoffice and 5% will be released monthly.