In the world of cryptocurrency, some folks come up with sneaky plans to make money the wrong way. Take Xera, for example. It’s a bit like combining three other scams from Dubai: Safir International, Success Factory, and The Blockchain Era. It’s like these old scams are trying to make a comeback in a new way.
Is Xera Legit Or A Scam?
Before we explore the offensive parts of Xera, let’s go back and look at the embarrassing stories of its scams:
Safir International
A Zeniq Coin-fueled Ponzi that met its demise under the weight of regulatory scrutiny and investor exodus. It was briefly reanimated as Neo ZenTech under My Neo Group, only to be unceremoniously euthanized a month later.
Success Factory
A marketing spinoff of the infamous DagCoin Ponzi, this scheme crumbled in mid-2022 and its founder, Nils Grossberg, found himself in Estonian custody. Undeterred by a brush with the law, Grossberg resurfaced in Dubai to cook up yet another fraudulent scheme.
The Blockchain Era
The latest iteration of the WeWe Global Ponzi, a hydra-headed beast that has sloughed off multiple skins (LyoPay, LyoTrade, LyoWallet) in its ongoing quest to fleece investors.
These three failed scams, instead of slinking away into obscurity, have chosen to form a grotesque Frankenstein’s monster of financial fraud: Xera. Launching soon on the domain “xera.pro,” this monstrosity promises a new era of AI-powered wealth extraction through its “Quantwize” trading bot (read: another thinly veiled Ponzi scheme).
Leading the charge are some familiar faces from the world of financial malfeasance:
- Henk Diepbrink: Former Safir Managing Director, ready to apply his expertise in fleecing investors to a wider audience.
- Werner Kaiser: A veteran of the Lyoness Ponzi and Safir’s “Elite Circle of Trust,” bringing his dubious talents to Xera’s table.
- Diego Endrizzi: The top Italian promoter of WeWe Global and The Blockchain Era, eager to expand his reach under the Xera banner.
- Gorka Buces: Former CVO of the Xifra and Decentra Ponzi schemes, his experience in building and collapsing fraudulent empires will be invaluable to Xera.
- Nils Grossberg: The undying Ponzi kingpin, back for another round of fleecing with his latest creation, Success Factory’s successor.
Conspicuously absent are Mickael Mosse and Luiz Goes, the respective masterminds behind Safir’s Neo ZenTech and The Blockchain Era. Whether they’ve cashed out or are simply lurking in the shadows remains to be seen.
Deceptive Business Model
Xera’s business plan is basically like the same old trick where they use an AI trading bot to attract people, and it’s not really a new idea. They talk about “Quantwize” to make it sound fancy, but at the same time, they’re promoting something called a node/validator scheme, which is just a confusing way to hide that it’s a scam.
Investment packages range from 110 EUR to a staggering 1.11 million EUR, with exclusive perks like NFTs and “simulated mining” (a meaningless term, considering Xera controls the network).
MLM Structure And Potential Redflags
The MLM aspect of Xera follows the well-worn unilevel compensation structure, rewarding early investors with commissions and bonuses extracted from the pockets of new recruits.
As with its predecessor scams, Xera’s sustainability hinges on a constant influx of fresh blood. Once the well of new investors runs dry, the entire house of cards will come crashing down, leaving bagholders with worthless tokens and shattered dreams.
So. Xera is not an innovative venture into the future of finance. Its founders are scammers with a proven track record of cheat investors, and its business model is a tired retread of old tricks. If you’re considering investing in Xera, remember the golden rule of cryptocurrency: if it sounds too good to be true, it probably is.
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