Crypto Family Review: Scam promoters launch own Ponzi
Crypto Family first popped up on BehindMLM’s radar last September. At the time Crypto Family were promoting the Ultron/Mavie Global Ponzi scheme.
A reader asked about Crypto Family, prompting me to look into a link they provided. That lead me to Dorde Petrovic, a member of Crypto Family.
Petrovic’s Crypto Family fraud journey began in July 2022. Petrovic runs the “Passive Income” FaceBook group (11 members), which he promotes Crypto Family’s various scams through.
Crypto Family is run by founder Nebojsa Katic (right).
Katic has roots in Croatia and began his MLM career with Organo Gold and the Lyoness Ponzi scheme.
Circa 2019 Katic was promoting Essens. His Crypto Family bio states Katic reinvented himself as a crypto bro in 2014.
As of November 2022, Crypto Family claims to have “around 56,000 members”.
From what I can tell, Katic was a nobody in crypto until Crypto Family and Ultron/Mavie Global (early to mid 2022).
Katic’s crypto fraud journey seems to have inevitably led him to Dubai:
In its marketing material, Crypto Family claims to be “based in Central Europe”. This contradicts Crypto Family’s website, which provides a corporate address for “H A M Auditing & Business Consultancy” in Dubai.
In June 2022 Crypto Family launched its own crypto mining Ponzi scheme.
What is Crypto Family?
Crypto Family is Mining hub that pays investors 10% daily for each mining package you buy. Each mining hub package cost $21 ….and you can buy any quantity you want up to maximum of 133 packages is allowed per person.
After buying a package, the hub will work for you from the 8th day after purchase to generate daily 10% rewards for the next 3 months.
The above is from a Crypto Family marketing video, uploaded to YouTube on August 10th, 2022.
In November 2022, Crypto Family relaunched as “Crypto Family 2.0”.
The reboot was built around NFTs and Family Token. And this is the opportunity we are reviewing today.
For reference, Crypto Family’s first Ponzi scheme ran from the domain “cryptofamily.world”. The reboot operates from “cryptofamily.love”.
Crypto Family and Katic being based out of Dubai is not a coincidence. Dubai is the MLM crime capital of the world.
BehindMLM’s guidelines for Dubai are:
- If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
- If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.
If you want to know how this specifically applies to Crypto Family, read on for a full review.
Crypto Family’s Products
Crypto Family has no retailable products or services.
Affiliates are only able to market Crypto Family affiliate membership itself.
Crypto Family’s Compensation Plan
Crypto Family affiliates invest in $24 NFT positions.
This is done on the promise of an 8.33% daily ROI (represented as $2 a day), paid out for 90 days.
Crypto Family’s investment scheme is run in Family Token. Rather than just pay out returns and allow affiliates to cash out however, Crypto Family splits returns into four “utility pools”:
- Pool 1 (25% of daily ROI) – withdraws automatically twice a month
- Pool 2 (25% of daily ROI) – must be given away to new recruits as a marketing tool (1% of given away tokens recycled into Pool 1)
- Pool 3 (25% of daily ROI) – forced staking of FT tokens for a year at a 4% annual ROI rate
- Pool 4 (25% of daily ROI) – can only be used to buy more NFT investment positions (forced reinvestment)
Additional NFT investment positions available through Pool 4 are:
- Validator NFT – $10 investment position that pays “up to $20 a day”
- Mining NFT – $2000 position that pays $10 a day (appears to be a continuation of Crypto Family’s first failed Ponzi)
- Luxury Car NFT – no information provided
- Real Estate NFT – no information provided
Returns from these additional NFT positions are paid out to Pool 1.
The MLM side of Crypto Family revolves around collection of “points”.
Earn P (points) and win special prizes, FT, cars and even apartments!
Crypto Family affiliates earn points via three methods:
- recruit a Crypto Family affiliate investor = 2 points
- a Crypto Family affiliate investor is recruited into your downline (direct or indirect) = 1 point
- convince a business to accept FT tokens = 100 to 1000 points
How points are converted to “special prizes, FT, cars and even apartments” isn’t specified.
Joining Crypto Family
Crypto Family affiliate membership is $10 a year.
Full participation in the attached income opportunity requires a minimum $24 investment.
Every 90 days a $12 fee is charged, with reinvestment required to continue earning.
Crypto Family Conclusion
Crypto Family is a simple MLM crypto Ponzi scheme.
Affiliates invest in $24 NFT positions, which pay them an eventual $180 over 90 days.
The catch is Crypto Family runs its Ponzi scheme in FT token.
FT is a BEP-20 token. These can be set up in a few minutes at little to no cost.
Crypto Family generates FT on demand and dumps it on affiliates as part of their Ponzi scheme.
Here’s how that’s going:
To prolong the inevitable collapse, Crypto Family manipulates how returns are paid out (detailed in “Crypto Family’s Compensation Plan” above).
Crypto Family also penalizes affiliates for cashing out:
- base withdrawal fee is 3%
- withdrawal fee increases 6% is more than 9.99% of invested funds are withdrawn
- withdraw fee increases to 30% if more than 9.99% of invested funds are withdrawn over a 24 hour period
At the end of the day however math is math, and ultimately Crypto Family withdrawal amounts will exceed invested funds.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Crypto Family of ROI revenue, eventually prompting a collapse.
The math behind MLM Ponzi schemes guarantees that the majority of investors lose money.
Based on website traffic analysis by SimilarWeb, currently Crypto Family is being promoted in Spain (53%), Costa Rica (19%), Italy (17%), Estonia (5%) and Croatia (3%).
Crypto Family’s ties to Spain might extend beyond recruitment of new victims:
As above, Crypto Family’s official FaceBook page is managed from Spain. Whether this ties Nebojsa Katic to Spain in addition to Dubai is unclear.
Update 14th September 2023 – CryptoFamily collapsed in or around June 2023. Nebojsa Katic is now looking to reboot the Ponzi scheme with a new NFT grift.
I’ve also covered this scam on my blog, and I still firmly believe Katic is just a puppet / figurehead for more notorious person – Damir Topic, former Onecoin Diamond and GLG member from Bosnia.
He never officially showed his face, but was easily recognized by his specific way of talking.
It all happened in one of the early Zoom meetings for Cryptofamily, back in June 2022, when Damir made a brief comment, which was enough to confirm his involvement and the particular way he addressed Katic implied he (Damir) is somewhat in charge of the operation.
After this information was made public, Damir was never seen or heard from again, but many are certain he is still there, directing Katic and others from the shadows because a lot of money is involved.
His former GLG comrade Marinko Paric (also the Diamond in Onecoin) has started promoting crypto and crypto scams investments (most notably Validus) since last year, so it is safe to assume Damir and probably other GLG members from Balkan would start showing up again, either believing people has forgotten about their involvement with Ruja or because the money from shilling Onecoin has dried up. Unlike Paric, Damir is obviously laying low.
This wouldn’t surprise me in the slightest.
In telegram group crypto family top leaders are posting pictures from some kind of ”pre-launch” event held in Dubai earlier this week.
They are claiming that royal family of dubai have invested in the project and that they have invested in gold mines and by that the CF token should be backed by gold *lol*.
Yeah in Dubai the MLM Ponzi scamming runs top down. Main reason nobody is ever arrested locally.
Now the company CF has reached a new level. They have received a co-owner from the Royal Family in Dubai called Sheikh Sultan bin Faisal Mohammed Ai Qassimi.
Family Token will be backed by Gold. There must also be large oil resources.
They had a sermonium where agreements were signed in solemn forms. They say FT will be top 10 Crypto within a year. Their token will be used as a means of payment in the UAE in the near future.
If all this is true, then we are talking about one of the biggest news in crypto in a long time
The Al Qassimi’s are a known crime family:
https://behindmlm.com/companies/onecoin/ruja-ignatova-disappeared-with-230000-btc-lawsuit-alleges/
https://behindmlm.com/mlm-reviews/ommyo-review-dubai-politician-fronts-mlm-crypto-ponzi/
Read between the lines. The marketing claims are all bullshit. Royal families backing an obvious Ponzi coin with gold and oil? Why bother?
Money is being paid to the Qassimis for protection. Welcome to Dubai.
How can you be sure that all Qassimís are criminals? It’s a pretty big family anyway. Do you yourself have connections to Dubai?
But I think it sounds strange that they would bet such large sums on a scheme with so little on its feet. Do you know anything about the mentioned gentleman in the family?
A Ponzi Scam is still a Ponzi scam no matter who is backing it.
Crypto-Shit-Coins are the biggest scam of the moment. Karatbars was a Crypto-Shit-Coin that was supposed to be backed by gold but wasn’t.
GS Partners, a spin-off of the Karatbars scam was a Crypto-Shit-Coin that was supposed to be backed by Dubai property but wasn’t.
If you want to buy gold bullion, there are plenty of reputable bullion dealers in existence. If you have cash to burn, buy gold bullion, NOT Crypto-Shit-Coins!
You don’t need every Qassimi on the planet to be a crim for it to be a crime family. Just the ones running Dubai.
Read the provided links. And that’s just MLM shenanigans.
CERTIK has finally released our certificate!!
certik.com/projects/crypto-family#skynet
We will be giving you updates very soon!
Tjis must be a big step to the right direction. Maybe they are good project
Certik is not a substitute for registration with financial regulators and filing of audited financial reports.
Certik anything is meaningless.
Living in a democratic world means we value the principle of individual rights, freedom of speech, and the rule of law.
As such everyone should be treated fairly and equally under the law and those who commit crimes or violate the law should be held accountable for their actions.
It’s therefore important to let the legal systems of our respective nations bring down those that deserve to.
In my opinion, Crypto Family is the real deal, backed by the Royal Family of Dubai!
Your opinion doesn’t matter. Crypto Family is a Ponzi scheme and Ponzi schemes are illegal the world over.
Just because Sheik scamalot in Dubai turns a blind eye to fraud doesn’t mean the majority of Crypto Family investors won’t lose money. Math is math.
You probably haven’t understood how good CF is? They have assets in gold and oil and one of the world’s best crypto cort.
All Family Tokens will be fully backed by 1 gram of gold. Do you have information that disproved this?
MS
You can’t prove a negative.
Dumbass logic.
Consider your loss to the scammers a tax on your stupidity.
Cool. Prove it with audited financial reports filed with financial regulators in the countries Crypto Family solicits investment in.
You’re the one making claims. Audited financial reports or spam-bin.
I probably misunderstand the site. You claim that something is a scam based on old information without having taken part in the latest that happened, which is a lot.
I might provoke a bit by highlighting them. I think it sounds too good to be true myself. But it would be good if you followed up on the companies you write about.
Thank you for confirming Crypto Family is a Ponzi scheme.
You were asked for audited financial reports to verify your financial claims. You failed to provide any and have been spam-binned.
Best of luck with the scamming.
I understand that you think I am part of this scam. I am not, but try to reveal what I can.
Unfortunately some of my friends have bought into their lies about easy money which will not be available to those who invested but only to those running the pyramid.
They have developed their scam in recent months and are bringing in a lot of new people all the time and I would be grateful if anyone could help expose them to save as many people as possible from losing money.
Step 1: Identify MLM + passive investment opportunity.
Step 2: Check if MLM company is registered with the SEC through their publicly searchable EDGAR database.
Step 3: Disown friends for being scammers.
Crypto family is now one of te fastest growing scam in the world.
I doubt it. Both Crypto Family websites are pretty dead.
In 5 days CF have bring over 8000 people to Discord. Is not dead. I’m very sorry for that.
Another former Onecoin shill has shown himself in Family Token zoom call from 14th May: Mario Kuzminovic aka MagicMark1
image.ibb.co/c9XKck/marioaprilili.jpg
i.ibb.co/sJwvgJQ/mario-kuzminovic-CF.webp
For those who remember, back in Onecoin/Onelife era and the infamous DealShitter, Mario’s purchase of a Yacht with Onecoin tokens was mostly used use-case how Onecoin ‘worked’ and was mentioned several times by Krnic, Torbica and other shills during their Onelife seminars, online webinars and zoom calls.
The truth: it was a private deal and another deliberate approach from Balkan GLG members to manipulate new members in believing how Onecoin is real, and DealShitter/Onecoin ‘works’.
Besides Mario, there are other low level shills from Onecoin Adria/Balkan group, also now involved in pimping CryptoFamily / FamilyToken crap, so it’s safe to say that Family Token is a joint project of former Onecoin / Onelife pimps from the ex-Yugoslavia area.
GLG Diamonds like Damir Topic are certainly there, just keeping low and in the shadows.
@AntiMLM What is status of CF atm? Last I read was that they had some pre-sale before one of many ”launches” they where about to perform? 🙂
Mario Kuzminovic is involved in FT. Saw his post on their Telegram channel.
Also they are asking people in their telegram group to give them their personal information or they will be banned from the group. They said they need to KYC them for telegram :D.
Small update, they are allegedly working with Iwando for their contract, and they are making a Family Token V3 that will be released on Tuesday next week. They are claiming they will have over 2 million members world wide. V2 failed, allegedly some issues with the contract. People are still buying their story. I am closely watching what will happen next. They got 1m$ or more on their “pre-sale” which was 1$ per token. All this reminds me of the new video Coffeezilla released. Similar pattern. But here are the people who were behind OneCoin scam.
@Sam
Nothing much so far, it seems the articles like the one here at BehindMLM and others in foreign languages have warned people enough to stay away.
It’s very obvious how they are giving Katic and the crooks a lot of issues when it comes to securing more gullible investors.
Also their current CMO Blaz Posinek apparently has bailed out:
i.ibb.co/6YH2P1Z/Blaz-Posinek-CMO-familytokenpresale.webp
He doesn’t show anymore on their website and their zoom calls, and he had also changed his personal website.
Previous look: i.ibb.co/JRWCZ51/Blaz-Posinek-cryptofamily.webp
Posinek was previously involved in IM Mastery Academy, then switched to Cryptofamily / Family Token, and now is shilling some sort of his own motivational – crypto earning course.
Other than that, majority of telegram groups are locked with occasional posts how they are working on the next launch.
Given how they already got a bad reputation, I wouldn’t be surprised if they relaunch it all just with a new name (again).
@AntiMLMSerbia
I am in one of non censorship groups. Launch was supposed to happen yesterday. But today wife of Nebojsa Katic said that he disappeared in Senegal with some of his co-workers, they can’t find them, there is no internet connection in Senegal.
Here is the screenshot of here message: ibb.co/TY24thC
@Investigator
Probably all fake. I’m more to believe they are running away. Both Katic and the gang have already screwed a lot of people here in ex-Yugoslavia, so it wouldn’t be strange if they’ve done the same to sheiks and on international scale.
The problem is, you don’t mess around with sheiks, as they can be quite vengeful and it’s unlikely they’ve done that, but going to Senegal amid the unrest makes no sense.
It all looks like a ploy to me, where Katic and friends would abuse the political fallout there in order to disappear or to use as some sort of scapegoat why the project has failed to deliver.
@AntiMLMSrbija
Yeah it’s all fake, maybe they are not even there because his wife is in Germany. Also the latest update is that they are waiting for a modem to establish a secure connection and IP (their words :D).
And when they establish they will launch the token. Regarding sheiks I think they were paid just to show up and act like they are signing some papers so people would buy the story.
I am closely following what is happening with this fraud and I have the feeling that they have already pocketed the money and run away.
Considering that now once a week they inform about a new problem and supposedly solved and they don’t talk about when the payment will be made. I think that they are just prolonging it, extracting money.
I am following the situation only because my boyfriend’s friends invested money and think they will get over 10 thousand euros. I think it’s time for them to get some work and make some money. lol
Everything is quiet in those groups. They said they will launch the token but no date has been specified. They are slowly getting out.
The internet needs to know about these people, to know their faces, they will probably try something like that again in the future.
Yes! I follow the telegram group and no one writes anywhere! Does anyone remember that in one of the Zoom meetings he said that they had an agreement with Mts (The main Serbian communication network) that everything would be paid for with the CryptoFamily token. I died laughing.
But yes, I also think that they are slowly withdrawing, so that’s why they don’t do updates.
They said lots of stuff in that zoom that screams scam and 20 years in prison… But soon I will leave the group.
It’s bad to say but people there are noobs, they are joking about Nebojsa and making stupid comments and no one is willing to pursue or go to the police or whatever regarding this, they accepted their losses and they wont’ do nothing about it.
Also there are people that are close to him in that group that people are not aware.
They are there acting, hating Nebojsa etc… but their goal is to disrupt and divert conversations if anyone mentions police, investigations or something serious regarding this scam…
Oh my God. I hope that everything will unravel soon and that everyone will see that Nebojsa is just a fraud.
I think he took the money a long time ago and planned to escape with it.
CryptoFamily have started what seems to be a reboot.
They are collecting $69 for some kind of LaunchNFT giving access to make withdrawals.
We’ll see what happens. I follow closely.
They are launching their token today 15th Sept. The price of the token will be 1.39$, they will also inject liquidity and they will do some airdrops. That’s from the official channel.
I left all groups, to much spam and all kinds of people from making jokes on their losses to fighting with people who believe in FT xD.
As of today. The launch of Family token scheduled for 15th Sept 2023 didn’t happen. Reason being investors in Ghana insisting that Nebojsa meets them today and after the meeting that the launch will be ready.
To help the community from fraud someone please share procedure or contacts of international police to arrest Nebojsa Katic otherwise just writing about how fraudulent one is helps but very little.
Something more has to be done because it’s your relatives and friends who are in these scams.
How do you know it didnt launch ?
@Neytiri they didn’t they posted an announcement like W T wrote in the post above.
This fraud is getting bigger and bigger, it will reach the level where Coffezilla will be involved to investigate and debunk them :D.
Lol i sent email to Coffeezilla few months ago about them but he never replied :)))
@Neytiri thanks for the effort you made of emailing Coffeezilla. Can you share the email of Coffeezilla such that we continue sending him more emails about the same.
When he gets many of them he will react. Maybe he is still investigating them.
Email is: (removed)
I feel sorry for some of the people who fell for this scam because I can see what kind of people they are targeting when they show up for Zoom meetings.
These are uneducated and almost illiterate people. But there are also smarter people like my friends, and despite the warning, they still send money and believe.
Well… maybe they arent that smart. Lol
I believe Coffeezilla’s contact information is available on the about section of his YouTube channel.
@Neytiri I left all because of that, I am only following the official channel. I will copy paste what I said earlier in on of my posts about those Telegram groups:
Email is removed. I guess i cant publish that. But yeah. You can find it.
When I just remember how Nebojsa said that they are better than Binance! And Binance does not charge for site maintenance and does not make manual payments, as CryptoFamily does, each payment slip manually and then there are always some false problems.
They are not ashamed. They said it will be bigger than Bitcoin. He lies as soon as he opens his mouth.
Oz thanks have got the site where I can reach him. There’s a small monthly subscription fee which I will arrange to pay.
Telegram message below as of today 21/9/23 just confirms Crypto Family to be a scam.
N.B it’s just a section of the message
You can imagine after Nebojsa posted in the official channel before the 15th Sept 2023 that….”he with 1000% certainty launching the token on that date”.
Now he is talking about 2 weeks from that date. And they have been playing this same thing over and over again. God have mercy. Shame upon the Devil.
LORD almighty forgive us all including Nebojsa, his team & whoever they are working for. Let us not receive the pernishment we deserve but instead let us receive grace from you. Amen.
There are Crypto Family members uniting currently, to report Nebojsa and Crypto Family to the FBI, SEC and authorities for never having intended to add liquidity and just gathered funds from members to keep for himself.
And what is the source od that information? Is that true ?
Nebojsa Katic has just released a new video, scamming people for an extra $48.
Check out Youtube for a video called “Unlock Your Future Join the Revolution! Join Our Family Project” by Our Family
Please expose this scammer!
Had a look at the video, it’s a typical AI voiceover stock footage affair.
Some blabbing on about the returns Our Family investors can expect. I lasted ~25 seconds before noping out.
One of the ex crypto family boys, next to the Blaž Posinek is also Onecoin leader for balkan area (scammed thousands of investors for his private pocket) from Croatia, Rok Šincek (friend and partner of Blaž Posinek).
Rok Šincek created his own scam in 2023 – weconnect.si (with the ideas taken out of Crypto Family).
Rok Šincek smartly penetrated into the group and took their ideas and contacts. Now he is managing his own smaller scam in Slovenia (where company is registered) with few followers, which started reading this amazing content on behindmlm.com and realising Rok Šincek (many one coin posts are regarding him) is sociophatically leading them to the bottom.
That is all what I have to say. Still, check mentioned Blaž Posinek in Serbian media (he did a big sh… to some local famous girl).