HotNews No. 146: Quinex – a New MLM Crypto Ponzi?

A new project in the cryptocurrency world is raising serious concerns among experts and regulators. Quinex, a company claiming to use “AI-powered arbitrage bots” to deliver stable daily profits, appears to be operating as a classic MLM Ponzi scheme.

At the helm of Quinex is the so-called “Sebastian Abrego,” a man claiming to be 55 years old and residing in Panama. Investigations show that Abrego does not exist outside of Quinex, making him a typical “Boris CEO” – a scheme in which actors are hired to play executives, usually run by scammers from Eastern Europe.

Quinex offers no real products or services; promoters earn exclusively through recruiting new investors and promised daily returns. Investment plans range from 15 to 90 days, with advertised returns from 0.9% to 2% per day. The MLM structure further rewards promoters for bringing in new members, confirming the classic Ponzi logic: money from new participants is used to pay earlier investors.

Experts warn: if Quinex truly has bots generating such high returns, why would they need your investment? As long as revenue comes solely from new participants, the system is doomed to collapse. Once recruitment slows or stops, most participants will lose their funds.

Potential investors are urged to exercise caution and consult legal and financial experts before engaging, as this is an international scam that is difficult to resolve through legal channels.

Your DefendMe Team