Hacken Pool Review: “Pumping and dumping” crypto Ponzi
Hacken Pool provides no information on its website about who owns or runs the company.
Hacken Pool’s website domain (“hackenpool.com”), was registered on June 19th, 2021. The domain registration was last updated on March 22nd, 2022.
Hacken Pool’s website domain registration lists “Isabella Alexander” as the owner, complete with a bogus address in the UK.
Hacken Pool also operates from the secondary domain “hpbackoffice”, privately registered on March 16th, 2022.
In Hacken Pool’s official presentation PDF we find an email address:
This corresponds to Ahmad Fathurizqi, who appears to be based out of Malaysia.
In an attempt to appear legitimate, Hacken Pool provides incorporation certificates for “Hacken Pool Trading Limited” and “Hacken Limited”.
Hacken Pool Trading Limited was incorporated in the UK on March 22nd, 2022.
Hacken Limited was incorporated in 2014 and doesn’t have anything to do with Hacken Pool.
An MLM company operating or claiming to operate out of the UK is a red flag.
UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.
As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.
For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.
Whether Ahmad Fathurizqi is running Hacken Pool is unclear. At the very least his involvement suggests, as opposed to the UK, that Hacken Pool has ties to Malaysia.
Another possibility is neighboring Singapore:
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Hacken Pool’s Products
Hacken Pool has no retailable products or services.
Affiliates are only able to market Hacken Pool affiliate membership itself.
Hacken Pool’s Compensation Plan
Hacken Pool affiliates invest USD equivalents in cryptocurrency.
This is done on the promise of advertised passive returns:
- Sovereign Pool – invest $9 to $99 and receive 310% over 145 days
- Oil Pool – invest $100 to $999 and receive 324% over 133 days
- Gold Pool – invest $1000 to $9999 and receive 349% over 130 days
- Forex Pool – invest $10,000 to $49,999 and receive 374% over 127 days
- Crypto Pool – invest $50,000 to $99,999 and receive 399% over 113 days
- Partner Pool – invest $100,000 or more and receive 449% over 97 days
Note that Hacken Pool charges a 5% fee on all withdrawals.
The MLM side of Hacken Pool pays on recruitment of affiliate investors.
Hacken Pool pays referral commissions on funds invested by personally recruited affiliates.
Referral commission rates are determined by how much a Hacken Pool affiliate has invested:
- Sovereign Pool tier affiliates receive a 6% referral commission rate
- Oil Pool tier affiliates receive a 7% referral commission rate
- Gold Pool tier affiliates receive an 8% referral commission rate
- Forex Pool tier affiliates receive a 9% referral commission rate
- Crypto Pool tier affiliates receive an 11% referral commission rate
- Partner Pool tier affiliates receive a 15% referral commission rate
Hacken Pool pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each day Hacken Pool tallies up new investment volume on both sides of the binary team.
Affiliates are paid a percentage of funds invested on their weaker binary team side:
- Sovereign Pool tier affiliates earn 6%
- Oil Pool tier affiliates earn 7%
- Gold Pool tier affiliates earn 8%
- Forex Pool tier affiliates earn 9%
- Crypto Pool tier affiliates earn 11%
- Partner Pool tier affiliates earn 15%
Note that residual commissions are capped daily based at the amount an affiliate has actively invested.
Once paid out on, volume is flushed against the stronger binary team side and flushed.
Any leftover volume on the stronger binary team side carries over.
Monthly Turnover Sharing
Hacken Pool’s compensation plan details “monthly company turnover sharing” for Partner Pool tier affiliates.
No specifics are provided.
Joining Hacken Pool
Hacken Pool affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $9 investment.
Once a total ROI has been realized on any investment, reinvestment is required to continue earning.
Hacken Pool solicits investment in various cryptocurrencies.
Hacken Pool Conclusion
Hacken Pool claims to be a “well-known crypto trading platform”.
How does Hacken Pool generate profit?
In this pool, we trade your money in different cryptocurrencies for pumping and dumping, also we work in the forex trading platform which can create high profit for our community.
Pumping and dumping or otherwise, Hacken Pool fails to provide evidence of external revenue generation of any kind.
The company’s business model also fails the Ponzi logic test.
Anyone capable of generating 449% every 97 days isn’t sharing their magic money machine with you. Let alone giving you access for free.
They’d quietly run their “pump and dump” scheme themselves, soon retiring among the richest on the planet.
As it stands the only verifiable source of revenue entering Hacken Pool is new investment.
Using new investment to pay passive returns to investors makes Hacken Pool a Ponzi scheme.
With nothing marketed to or sold to retail customers, the MLM side of Hacken Pool adds an additional pyramid layer to the scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Hacken Pool of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Hmm, admitting to an illegal pumping and dumping scheme.
NOTE TO SCAMMERS: Your bullshit cover story is supposed to make you look legitimate, not like different kinds of crooks.