Verse Network has received a securities fraud warning from France.

As per the Autorite des Marches Financiers’ April 4th warning, Verse Network is “offering investments in … crypto-assets, without being authorized to do so”.

Verse Network was an MLM crypto Ponzi. The scam was launched last year by serial Ponzi promoters Joseph Paillant and Brice van den Bussche.

Notably, Verse Network collapsed in September 2023 by disabling investor withdrawals.

For reasons that aren’t immediately clear, Verse Network continues to post fictional trading results on its social media channels:

Of note is Verse Network originally operating from the domain “”. AMF cites Verse Network’s website domain as “”. Both domains are accessible at time of publication.

Website traffic to “” is too low for SimilarWeb to track. ~3800 monthly visits were recorded for “”, most of which originated from Germany (67%), Belgium (10%), Austria (9%), Australia (8%) and France (5%).

Evidently despite withdrawals being disabled, there’s enough Verse Network activity in France to warrant the AMF issuing a fraud warning.

Originally from Europe, Joseph Paillant and Brice van den Bussche have both fled to Dubai.

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

  1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
  2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.