Reported to CryptoScamAlert
https://cryptoscamalert.com/crypto_scam_report/665
Topic: [SCAM] MBIDeFi: New DeFi scam by known scammers MBI Group International (Read 232 times)
September 20, 2020, 08:08:54 AM
September 19, 2020, 06:20:10 AM
OP, open up a Type 1 Flag, I would gladly support it and leave some red paint on their account to make sure they dont come back with another scam like this. I am sure every other DT member visiting the thread will also do the same.
Flag Type 1 https://bitcointalk.org/index.php?action=trust;flag=2338First post has been updated with the flag as well.
This is the only mark of shame available and so lets use it to the fullest as long as they try to use our forum to scam others. I wonder how they sleep in peace at night. 
It is true we can't do much but at least we can warn bitcointalk members, and who knows, maybe this result pops out for those that will check MBIDefi before investing. It is a good question how such people can sleep at night, when you see videos like this Mcoin Cryptocurrency Scam | Chinese held Protests in Malaysia | MBI International Scam Investment. MBI allegedly scammed 350,000 people out of 700 million RM, which is equivalent of 170 million USD. That is serious amount of money...Even New Zealand Financial Market Authority issues warning against them
MBI International/MFC Clubthe
September 19, 2020, 03:27:23 AM
OP, open up a Type 1 Flag, I would gladly support it and leave some red paint on their account to make sure they dont come back with another scam like this. I am sure every other DT member visiting the thread will also do the same.
This is the only mark of shame available and so lets use it to the fullest as long as they try to use our forum to scam others. I wonder how they sleep in peace at night.
This is the only mark of shame available and so lets use it to the fullest as long as they try to use our forum to scam others. I wonder how they sleep in peace at night.
September 18, 2020, 09:35:30 PM
What happened: MBIDefi is a latest scheme by known Malaysian scammer group MBI Group International. Some of their key people even got arrested, but they decided to jump in on DeFi market, seizing the opportunity, as that's what scammers do. They even kept the same name of their currency, MCoin, under which they scammed thousands of people out of millions of USD.
Flag Type 1 https://bitcointalk.org/index.php?action=trust;flag=2338
ANN https://bitcointalksearch.org/topic/--5276809
Archive https://archive.fo/xgaJa
Website https://www.mbidefi.io/about_us
Archive https://archive.vn/Vl6jE
It is interesting that they are even mentioning their previous scheme, and even calling it "one of the most successful empires in the history of blockchain"
And another confirmation that MBIDeFi is based upon their previous scam
What would this kind of scheme be without attractive referral program?
And here are some news about MBI Group International and their previous endeavors
Chinese MBI International Ponzi victims protest in Malaysia
Investors up in arms after fall of MBI
Explanation of their previous scheme, similarity with MbiDefi is obvious
https://behindmlm.com/mlm-reviews/mbi-international-review-recruitment-grc-unit-investment/
Flag Type 1 https://bitcointalk.org/index.php?action=trust;flag=2338
ANN https://bitcointalksearch.org/topic/--5276809
Archive https://archive.fo/xgaJa
Website https://www.mbidefi.io/about_us
Archive https://archive.vn/Vl6jE
Quote
Domain Name: MBIDEFI.IO
Registry Domain ID: D503300001186288457-LRMS
Registrar WHOIS Server: whois.namesilo.com
Registrar URL: http://www.namesilo.com
Updated Date: 2020-08-27T08:35:17Z
Creation Date: 2020-08-22T08:05:43Z
Registry Expiry Date: 2022-08-22T08:05:43Z
Registry Domain ID: D503300001186288457-LRMS
Registrar WHOIS Server: whois.namesilo.com
Registrar URL: http://www.namesilo.com
Updated Date: 2020-08-27T08:35:17Z
Creation Date: 2020-08-22T08:05:43Z
Registry Expiry Date: 2022-08-22T08:05:43Z
It is interesting that they are even mentioning their previous scheme, and even calling it "one of the most successful empires in the history of blockchain"
And another confirmation that MBIDeFi is based upon their previous scam
What would this kind of scheme be without attractive referral program?
And here are some news about MBI Group International and their previous endeavors
Quote
Because of all these financial crimes, MBI ended up on Bank Negara’s Financial Consumer Alert list. Even the Financial Markets Authority of New Zealand (FMA) issued a warning against MBI in light of its misleading seminars within the Chinese speaking community in Auckland.
Some investors have also been angry towards MBI. In June last year, an unhappy investor said in an online forum that he had lost his personal sum of 35,000 yuan (RM22,000) and his group in Guangxi has lost a sum of 51.6 million yuan (RM32.4 million) from investing with MBI. In the same forum thread, The Star found that 69 investors were gonna come to Malaysia to demand that MBI return their investments following Teow’s arrest.
A few months after that, MBI came under the spotlight again with estimated losses of RM700 million, which police believed involved 350,000 victims. Despite its notoriety, MBI still retained a strong presence last year, especially in Penang.
https://cilisos.my/this-penang-bitcoin-is-so-big-they-have-their-own-mall-but-polis-raided-twice-adiSome investors have also been angry towards MBI. In June last year, an unhappy investor said in an online forum that he had lost his personal sum of 35,000 yuan (RM22,000) and his group in Guangxi has lost a sum of 51.6 million yuan (RM32.4 million) from investing with MBI. In the same forum thread, The Star found that 69 investors were gonna come to Malaysia to demand that MBI return their investments following Teow’s arrest.
A few months after that, MBI came under the spotlight again with estimated losses of RM700 million, which police believed involved 350,000 victims. Despite its notoriety, MBI still retained a strong presence last year, especially in Penang.
Chinese MBI International Ponzi victims protest in Malaysia
Investors up in arms after fall of MBI
Explanation of their previous scheme, similarity with MbiDefi is obvious
https://behindmlm.com/mlm-reviews/mbi-international-review-recruitment-grc-unit-investment/
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