Since August 2020, there has been an MLM cryptocurrency Ponzi scheme called The Nimbus Platform. 

The initial Ponzi scam used NMBT coins, which could pay up to 0.5% every day. As a result of this collapsing in less than a year, Nimbus Platform had to restart using NBU tokens. The Nimbus Platform’s second generation offered a much more modest 7% annually. 

How’s it going, then? 

In an effort to revive the unsuccessful second iteration, Nimbus has increased the stakes with a 100% yearly ROI. The new Ponzi offering from Nimbus is disguised as an NFT scam. “Nimbus NFT Smart Staker” is their name.  

The Smart Staker n-NFT automatically produces rewards from two staking streams with up to 40% and 60% APY, respectively. The staking grift is how the 100% annual ROI is obtained. Receive two different types of rewards with an APY of up to 100% by becoming a liquidity provider for Nimbus Swap.

And the original NBU Ponzi scam by Nimbus Platform has been “upgraded” to 20% annually; Stake NBU or GNBU at a maximum APY of 20%. The launch of the GNBU Token in late 2021 is another important point to remember: a further swing that misses. An “affiliate program” component can be found on the Nimbus Platform website. Gain additional benefits and bonuses by referring your friends to Nimbus, including the chance to win Nimbus NFTs.  

However, precise information is kept from the general public. As a result, I’m not sure if Nimbus Platform is still an MLM business.  

The Nimbus Platform has replaced its CEOs once more, just like it did after its initial reboot. In February 2021, Fernando Martinho was identified as the CEO of the organization. 

Martinho vanished from the Nimbus Platform website less than a week after the review went up. Martinho may have cashed out and fled, but neither he nor Nimbus Platform have ever commented on his unexplained departure. 

Seven months after Martinho vanished, on November 28th, 2021, Alex Lemberg and the Nimbus Platform rolled out. Lemberg is based in the US and has a background in finance. 

On June 27, 2022, Lemberg made his final video appearance on the Nimbus Platform YouTube channel. Lemberg cashed out and quit Nimbus Platform the next month, according to his LinkedIn profile. Lemberg’s LinkedIn profile lists him as the CEO of BeMotion, a reseller of several software platforms, as of July 2022.  

BeMotion, on the other hand, doesn’t appear overly concerned that Lemberg oversaw a Ponzi scam for ten months: The company’s cycling CEOs raise the possibility that an unidentified third party actually controls and runs Nimbus Platform rather than the current CEO. 

Nimbus Vice-President Waseem Mamlouk is featured in the marketing videos for the Nimbus Platform, presumably until a new CEO replacement is found. Mamlouk joined Nimbus in 2020 and received a promotion to VP in the latter half of 2021.

At the time of his employment, Mamlouk asserted that Nimbus Platform would list “on a major North American stock exchange by the end of the year.” The US is the most active regulator of unregistered securities on the planet, not to denigrate Canada in any way.

The announced exchange listing for the Nimbus Platform didn’t take place for obvious reasons. Nimbus is harping on about getting some licenses from the Bahraini Central Bank today. Licensing and Control by the Bahrain Central BankFollowing conversation with the Central Bank of Bahrain, the Nimbus Platform now possesses the necessary regulatory permission and license for tokens and NFTs in the Kingdom of Bahrain (CBB).

The population of Bahrain, a small monarchy nation in the Middle East, is about 1.4 million. However, Nimbus Platform isn’t even operating there, so any license bought there has no value outside of Bahrain. 

According to SimilarWeb, the main countries sending visitors to Nimbus Platform’s website right now are Germany (67%), Turkey (15%), Colombia (10%), and Spain (3%). In none of these nations is the Nimbus Platform authorized to provide security. 

In order to prevent securities fraud, Spain’s CNMV warned against the Nimbus Platform in November 2020.

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