Exby Review: Arbitrage Trading MLM Crypto Ponzi Exposed 2023
Exby Scam Alert: It lacks transparency by withholding ownership and executive details on its website.
The domain for Exby’s website, “exby.io,” was registered in September 2022, with the private registration last updated on September 15th, 2023.
Social media profiles associated with Exby were also established around the same date, suggesting that September 15th aligns with the time when its owners assumed control of the domain.
Despite its brief existence of a few months, Exby’s website misleadingly claims the company’s foundation dates back to January 2022.
On its official YouTube channel, marketing videos feature fabricated executives, adding to the dubious nature of the operation.
It’s representative, “Darius Dimitropoulos,” employs a robo-dubbed AI avatar, a common practice among non-native English-speaking admins.
As of November 2023, Its website attracted approximately 490,000 monthly visits, according to SimilarWeb.
The primary sources of Exby’s website traffic include Russia (15%), Belgium (10%), Indonesia (10%), and the US (6%).
When considering involvement with an MLM company, it’s crucial to pause and reflect if there’s a lack of transparency regarding its leadership or ownership.
Exby’s Products
It lacks any tangible products or services for affiliates to promote. Their affiliates are restricted to marketing only the Exby affiliate membership.
Exby’s Compensation Plan
It’s members join by signing up and investing in cryptocurrency, enticed by the promise of passive returns generated through “auto trading.”
Regular Exby members receive an undisclosed daily return rate and incur a 1% withdrawal fee.
For those who commit to a $200 monthly payment (discounted to $160 if paid annually), higher returns are promised, and the withdrawal fee is reduced to 0.5%.
It facilitates a Return on Investment (ROI) match using a unilevel compensation structure.
In a unilevel compensation structure, an affiliate occupies the top position, and each personally recruited affiliate is placed directly beneath them on Level 1:
When level 1 affiliates bring in new members, these recruits become part of the original affiliate’s unilevel team, positioned on level 2.
As the process continues, if level 2 affiliates enroll new members, these individuals are then placed on level 3, and this pattern extends down a theoretically infinite number of levels.
It sets a limit on the ROI match, applying it to five unilevel team levels:
- Level 1 (affiliates personally recruited): 10%
- Level 2: 2%
- Level 3: 1%
- Levels 4 and 5: 0.5%
Joining Exby
It affiliate membership is either free or $160 to $200 a month.
Paid Exby affiliates receive higher returns and a lower withdrawal fee rate.
It solicits investment in various cryptocurrencies.
What are the warning signs of a scam website like Exby?
Beware of potential scam websites like Exby by watching out for these warning signs:
- Too good to be true: Be cautious if a website promises unrealistically high returns or passive income opportunities.
- Urgency: If a site pressures you to act immediately or guarantees success, it may be a scam.
- Upfront investment: Watch out for websites requiring upfront payments, even for supposedly “free” prizes.
- MLM structure: Be wary of sites using Multi-Level Marketing (MLM) structures, as they might indicate a Ponzi scheme.
- Poor grammar and spelling: Many fraudulent websites display misspellings, incorrect grammar, and poor punctuation.
- Lack of transparency: If a website is not transparent about its business model, team, or trading strategies, it could be a scam.
Exercise caution when dealing with such websites. Prioritize thorough research before investing, as promises of high returns and passive income could signal potential risks or fraudulent activities.
What are some common tactics used by scam websites like Exby?
Beware of common tactics employed by scam websites
- Unrealistic promises: These platforms often tout unrealistic returns or passive income opportunities, signaling potential fraudulent activity.
- Lack of transparency: Scam websites may withhold crucial information about their business model, team, or trading strategies, hindering users from verifying the platform’s legitimacy.
- Emotional manipulation: Utilizing emotional tactics, scam websites play on users’ feelings of excitement, urgency, or fear, overriding natural skepticism and pulling them into deceptive schemes.
- Social engineering: Deceptive practices, like fostering trust or urgency, are often employed to manipulate users into taking action.
- MLM structure: Be wary of websites adopting Multi-Level Marketing (MLM) structures, as this might indicate a potential Ponzi scheme.
Exercise caution and conduct thorough research before engaging with any website that makes lofty promises or employs suspicious tactics.
Conclusion
It claims to generate external income through an automated trading bot.
Exby has not presented any proof of utilizing external revenue for withdrawal payments.
On the regulatory front, Exby’s provision of passive returns falls under securities offerings, necessitating registration with financial authorities. Notably, the absence of evidence of Exby’s registration with the Central Bank of Russia or any other financial regulator raises concerns, suggesting potential securities fraud and illegal operations.
Currently, the sole verified source of revenue into Exby is through new investments. Should Exby resort to using these new investments for affiliate withdrawals, it would categorize the operation as a Ponzi scheme.
In line with the typical trajectory of MLM Ponzi schemes, once recruitment of affiliates slows down, new investments will dwindle. This scenario will deprive Exby of revenue, leading to an inevitable collapse.