August 19th. That is the day hackers attacked Exp Asset servers, and user information was leaked. The day “hackers” attacked Exp Asset servers. People who were involved with Exp Asset think this “hacker attack” was inevitable.
So, is this a real hacker attack, or has the Ponzi Scheme finally collapsed? Let us show you details about what has happened and is still going on with this shady company.
What is Exp Asset?
Exp Asset is or was a company that traded on financial markets, cryptocurrencies, and making arbitrage. Moreover, the MLM company was mining cryptocurrencies. Also, the MLM platform has announced they are investing in Start-up projects. But were they? Given all the recent events which you will now read, it is likely that the company never supported other projects. At this point, everything seems like one prominent Ponzi Scheme.
Before we continue, we would like to give you a little bit more information about what the company was before the hacker attack. So, Exp Asset managed an educational Internet Platform among the mining process, the trading on different platforms, and the process of making arbitrage. Moreover, the Educational Platform was focused on investing in the capital and currency market. Further, it was primarily investing in cryptocurrency markets.
Also, Exp Asset provided little to no information about the CEO of the company. In other words, the company was, to begin with, not so transparent. We managed to find out that the CEO of Exp Asset is Patryk Krupinski from a LinkedIn profile. After some digging, we decided to take a look at the domain name. The domain name was privately registered on 3-10-2018.
Due to the fact that the domain name was registered in private, no additional information was available.
Is it a coincidence that the company is registered in the Navis, which a tax haven? Moreover, the MLM company is registered as Silesia Capital Management Ltd. Further, the primary address of the company is PO 590, Suite 9, Henville Building, Charlestown, Nevis, No. C 50063. Unfortunately, we were unable to find further information, but so far, it doesn’t look like a trustworthy company. So, let’s move to the most recent event – the hacker attack.
Hacker Attack
As we mentioned earlier, the hacker attack was announced on August 19th, 2019. Moreover, Exp Asset has announced it by posting a message on Facebook. The company explains in this post that their servers were attacked by hackers. Furthermore, the hacker attack was followed by a system failure. On top of that, users’ information was leaked. In fact, all Exp Asset users have been affected by this hacker attack in one way or another. But our question is: Is this attack real, or is this a brilliant cover-up?
After reading this Facebook post, many Exp Asset members were thankful for the update. After all, the company is trying to keep its members informed, which is what a legitimate company would do. Moreover, on the following day, the company posted another critical message.
We couldn’t help but notice the following:
- “It will take many weeks to restore” – Are you trying to buy time before people start panicking? Let’s give them the benefit of the doubt.
- “Unfortunately, no one will earn in the Exp Asset company, but neither will lose” – Will people at least receive the money they have invested, right? At this point, who knows. Only one day has passed since the “hacker attack” on their servers. Let’s review the next post.
Was Amazon right when they said there was no attack on the server hosting expasset.com? Well, only time will show us the answer to all of our questions. Let’s move to the next suspicious thing.
Further, when Exp Asset explained that Amazon couldn’t know whether there was an attack, the company also wrote: “We will restore user data allowing for withdrawal of funds.”
What will happen with all 337 people who failed to complete all the fields required for verification?
Will they receive the opportunity to withdraw their funds? And how come Exp Asset went from a hundred thousands of users to only 400 verification requests?
In addition to the screenshot above, we want to show you another message of Exp Asset on their Facebook page. On August 27th, 2019, the company wrote the following:
“The tests will last for a maximum of 14 days. If the user confirms the correctness of his data, he will immediately be able to withdraw funds. 6. After the tests have been completed, Users will receive the following options: 1) Withdrawal of funds; 2) Purchase of exchange tokens cryptovalut – Dicoin Trading; 3) Purchase of tokens of a gambling company (still in the process of determining).“
It looks as the company is not keeping their word. Fourteen days have long passed, and members of the company are still not given a chance to withdrawal their funds. Most importantly, what is Dicoin Trading? Currently, if you try to open the website of Exp Asset and create an account, it redirects you to another website – Dicoin Trading. Is this the next Ponzi Scheme? Also, the last message the company has written is on September 9th, 2019. Since then, there is no news, no posts, no updates. No wonder why people are panicking.
What Did the Company Offer Before the Hacker Attack
User Packages and Compensation Plan
So, the MLM company offered educational packages starting from $100. By becoming a member of Exp Asset, users had two options to choose from. The company provided Roi Commissions and Referral Commissions.
ROI Commissions – 1% daily return for 120 days
Total Roi Commission – 120%
Investment minimum $100
Referral Commissions – 8% from all personally referred members who have made an investment into the company
Qualification Requirement: at least $1,000 invested in the platform
Moreover, before this attack, Exp Asset offered six different plans. Currently, if you try to choose any of these plans, you will see an “Error Occurred” and a “404 Not Found” error on your screen. However, let’s see what the company had to offer.
M25 – $25
- Live time
- Instructions
M75 – $75
- Live time
- Instructions
- Inside bar
M125 – $125
- Live time
- Instructions
- Inside bar
- Auto-stop loss
M250 – $250
- 18 months
- Instructions
- Inside bar
- Auto-stop loss
- Signals
M500 – $500
- 18 months
- Instructions
- Inside bar
- Auto-stop loss
- Signals
M1000 – $1000
- 18 months
- Instructions
- Inside bar
- Auto-stop loss
- Signals
- Practical webinars
Withdrawal Fee
Exp Asset charged a $5 fee for every withdrawal. Moreover, the minimum withdrawal amount was $50. However, when the maximum withdrawal amount followed a binary structure.
For instance, premium users could withdraw up to $15 000 weekly. Meanwhile, the maximum one-time payment had to be less than $10, 000.
Tempting Rewards
Have you ever wondered how MLM Ponzi Schemes manage to attract so many people? Well, bonuses and other rewards are the way to stimulate people to work harder. The more money they invest, and the more people they recruit, the better the bonuses and the more expensive the rewards.
Sixth prize
Reward: Smartwatch
Qualification:
- $500 worth of educational packages purchased | Matrix M1000
- Reaching 20 000 PV points on the weak line
- 3 active direct referral people: in matrix (M1000) and in binary (5000), per each
- 200 people in matrix M125 (The maximum number of people in one Matrix structure is 40% of all, which here are 80 people.)
Fifth prize
Reward: iPhone X
Qualification
- $1000 worth of educational packages purchased | Matrix M1000
- Reaching 60 000 PV points on the weak line
- 6 active direct referral people: in matrix (M1000) and in binary (5000), per each
- 500 people in matrix M125 (Maximum number of people in one structure is 40% of all, which here are 200 people.)
Fourth prize
Reward: MacBook
Qualification
- $2000 worth of educational packages purchased | Matrix M1000
- Reaching 120 000 PV points on the weak line
- 12 active direct referral people: in matrix (M1000) and in binary (5000), per each
- 1000 people in matrix M125 (The maximum number of people in one structure is 40% of all, which here are 400 people.)
Third prize
Reward: Rolex/Breitling
Qualification
- $5000 worth of educational packages purchased | Matrix 1000
- Reaching 500 000 PV points on the weak line
- 15 Active direct referral people: in matrix (M1000) and in binary (5000), per each
- 2500 people in matrix M125 ( The maximum number of people in one structure is 40% of all, which here are 1000 people.)
- 2 people in the structure with 4th prize qualification
Second prize
Reward: Porsche 718
Qualification
- $15 000 worth of educational packages purchased | Matrix M1000
- Reaching 950 000 PV points on the weak line
- 20 Active direct referral people: in matrix (M1000) and in binary (5000), per each
- 15 000 people in matrix M125 (The maximum number of people in one structure is 40% of all, which here are 6000 people. )
- 2 people in the structure with 3rd prize qualification (In the situation that you have received the prize number 2, you do not qualify for the prize number 1)
First prize
Reward: Porsche 911
Qualification
- $25 000 worth of educational packages purchased | Matrix M1000
- Reaching 1 650 000 PV points on the weak line
- 25 Active direct referral people: in matrix (M1000) and in binary (5000), per each
- 25 000 people in matrix M125 ( The maximum number of people in one structure is 40% of all, which here are 10000 people.)
- 2 people in the structure with 3rd prize qualification and 1 person with 2nd prize qualification (Only in the situation that you resigned from the prize number 2, you can qualify for the prize number 1.)
Bottom Line
The lack of recent news regarding the hacker attack makes us doubt the legitimacy of this MLM company. Exp Asset should have provided more information from the start. If a company is not transparent, it cannot be considered trustworthy.
In our opinion, Exp Asset is nothing more than a scam company. The “hacker attack” is probably a smart way to cover their tracks. Unfortunately, the number of investors who have trusted this company is high. Despite the many warning signs, people often believe MLM companies like Exp Asset. Generally, MLM companies are Ponzi Schemes.
However, there are a few MLM companies who are doing their best to prove their legitimacy. As such, on their websites, visitors can see detailed information about the company. So, investors should be more careful when making the final choice.
