iN8 Review: iX Global securities fraud continues
iN8’s origins are in the fraudulent investment scheme run by iX Global and Debt Box.
Amid a then ongoing SEC fraud case, iX Global founder and CEO Joe Martinez launched iN8 as an NFT Ponzi grift.
That lasted roughly two months, with iN8’s first iteration collapsing in March 2024.
Martinez (right) launched iX Global back in 2021. iX Global’s first iteration was a trading bot investment scheme paired with an education platform pseudo-compliance ruse.
With the exception of India, iX Global’s trading scheme flopped. This prompted Martinez to migrate to crypto fraud in partnership with Debt Box.
iX Global and Debt Box solicited “x-node” investment from consumers on the promise of passive returns.
Neither iX Global or Debt Box were registered to offer securities in the US. This prompted the SEC to file a $49 million fraud lawsuit in August 2023.
During the course of proceedings, estimated iX Global and Debt Box fraud would climb to $110 million.
Parallel proceedings in India resulted in multiple arrests. Martinez has arrest warrants out on him in connection to two Indian iX Global criminal cases. He remains a wanted fugitive.
Unfortunately for iX Global and Debt Box victims, SEC attorneys handling the case got some dates wrong and failed to inform the court.
This was brought to the court’s attention by Debt Box’s attorneys, ultimately resulting in the SEC being sanctioned and the case dismissed.
The underlying $110 million in fraud alleged by the SEC remains unresolved. The case was dismissed without prejudice, allowing the regulator to file a new complaint at some point.
In the meantime Debt Box and iX Global were free to continue defrauding consumers. Last we heard, Debt Box’s founders initiated a $400 million exit-scam and fled to Dubai.
Martinez, upon receiving confirmation the SEC was “reinvestigating” the case, collapsed what was left of iX Global.
That was June 2024 and with the iN8 NFT grift collapsing in March 2024, should have been the end of Martinez’s fraud pending the SEC refiling their case.
Not so.
In addition to Martinez, iN8 is run by:
- Misty Martinez – COO
- Jared Robert – CTO
- Livia Fisher-Kane – CSO
- Robert Lamb – Head of Legal
Today iN8 operates from four known website domains:
- in8.com (dao.in8.com and wms.in8.com) – private registration last updated on December 21st, 2024
- in8tech.com – private registration last updated on December 12th, 2024
- in8nfts.com – private registration last updated on December 11th, 2024
- projectin8.com – privately registered through a Utah address on June 25th, 2024
As tracked by SimilarWeb;
- dao.in8.com received ~3000 monthly visits for February 2025, 100% of which originated from the US
- in8tech.com website traffic was too low to estimate
- in8nfts.com received ~402 monthly visits for February 2025, 100% of which originated from the US
- projectin8.com website traffic was too low to estimate
Read on for a full review of iN8’s MLM opportunity.
iN8’s Products
iN8 has no retailable products or services.
Affiliates are only able to market iN8 affiliate membership itself.
iN8’s Compensation Plan
iN8 sells access to various investment schemes:
- iN8 Ambassador – $750 annually
- iN8 Founder – $1500 annually
The primary difference between the two memberships is a 5% or 10% discount on investments made within iN8.
NFT Investment Scheme
iN8’s original NFT investment scheme fell apart when Debt Box bailed. Details of the rebooted scheme are unclear (or whether it’s the same Debt Box scheme), but here are the investment amounts:
- Ambassador NFT – $799 per position
- Founder NFT – $1499 per position
iN8 NFT investment pays returns in iN8’s own IN8 token. The primary difference between the Ambassador and Founder position is Founders receive “dividends”.
CloudX Node Investment Scheme
iN8 sells CloudX node investment positions:
- micro node – $299 per position
- full node – $20,000 per position
The difference between the two tiers is a 1/60th reduction in passive returns for micro node positions.
The MLM side of iN8 pays on membership fees and the above investments.
iN8 Affiliate Ranks
There are twelve affiliate ranks within iN8’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Apprentice 100 – generate a downline of 3 affiliates and generate 225 GV a month
- Apprentice 250 – generate a downline of 7 affiliates and generate 600 GV a month
- Apprentice 500 – generate a downline of 14 affiliates and generate 1200 GV a month
- Producer 1K – generate a downline of 44 affiliates and generate 3600 GV a month
- Producer 2K – generate a downline of 150 affiliates and generate 12,000 GV a month
- Influencer 5K – generate a downline of 312 affiliates and generate 25,000 GV a month
- Influencer 10K – generate a downline of 625 affiliates and generate 50,000 GV a month
- Influencer 15K – generate a downline of 1250 affiliates and generate 100,000 GV a month
- Ambassador 25K – generate a downline of 3125 affiliates and generate 250,000 GV a month
- Ambassador 50K – generate a downline of 6250 affiliates and generate 500,000 GV a month
- Ambassador 100K – generate a downline of 12,500 affiliates and generate 1,000,000 GV a month
- Ambassador 200K – generate a downline of 25,000 affiliates and generate 2,000,000 GV a month
GV stands for “Group Volume”. GV is sales/investment volume generated by an iN8 affiliate and their downline.
Note that for rank qualification, no more than 50% of required GV can come from any one recruitment leg.
Also note that in order to count towards rank qualification, recruited affiliates must be active. This presumably means payment of a monthly fee however this is not clarified in iN8’s compensation documentation.
Referral Commissions
iN8 pays referral commissions down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 25%
- level 2 – 25%
- level 3 – 50%
Residual Commissions
iN8 pays residual commissions via a unilevel 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 pay period iN8 tallies up new sales/investment volume on both sides of the binary team.
Residual commissions are paid as a percentage of new sales/investment volume generated on the weaker binary team side:
- Apprentice 500s to Producer 2Ks earn a 10% residual commission rate
- Influencer 5Ks to Ambassador 25Ks earn a 15% residual commission rate
- Ambassador 50Ks and higher earn a 20% residual commission rate
Rank Bonus
iN8 rewards affiliates for qualifying at Apprentice 100 and higher with the following weekly Rank Bonuses:
- qualify at Apprentice 100 and receive $25 a week
- qualify at Apprentice 250 and receive $50 a week
- qualify at Apprentice 500 and receive $100 a week
- qualify at Producer 1K and receive $200 a week
- qualify at Producer 2K and receive $500 a week
- qualify at Influencer 5K and receive $1000 a week
- qualify at Influencer 10K and receive $1500 a week
- qualify at Influencer 15K and higher and receive $2000 a week
Joining iN8
iN8 affiliate membership is either $750 or $1500 annually. The more an iN8 affiliate spends the higher their income potential.
Full participation in the attached income opportunity requires additional investment.
iN8 Conclusion
iN8 is essentially a mishmash of iX Global’s securities fraud (CloudX nodes), mixed with the short-lived Debt Box NFT grift.
Despite representing to consumers that iN8 is registered in the US…
…a search of the SEC’s Edgar database reveals it isn’t.
This is crucial as, without SEC registration and filing of audited financial reports, the only verifiable source of revenue entering iN8 is new investment.
Using new investment to pay ROI withdrawals (and/or iN8 token conversions to USD), brings us back to iX Global’s original fraud. It would also make iN8 a Ponzi scheme.
With nothing marketed or sold to retail customers, the MLM side of iN8 operates as a pyramid scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve iN8 of ROI revenue, eventually prompting a collapse.
Specific to iN8, a collapse will be observable as passive returns consistently decline towards zero. Watch out for enticing offers in IN8 token to cover this up. IN8 token is generated on demand and is inherently worthless outside of iN8 itself.
I thought iX Global and Debt Box launching an obvious NFT grift amid a then ongoing SEC fraud lawsuit was bombastically stupid. And regardless of whether the SEC bungled its case due to an admin error, it was.
Doubling down on that fraud with iN8 NFT returns rebooted and more node position investment directed at primarily US residents, equally doubles down on the stupidity.
Hopefully when the SEC refiles they include Martinez’s continued iN8 investment fraud.
Things might be a bit sketchy in the US at the moment but I’d still be surprised if the SEC let a $110 million fraud case go.
