WeWe Global introduced LyoFI and LyoPay in late 2021 after the original WEWEX Ponzi scam failed in mid-2021.
A new 300% ROI Ponzi scam was operated using the LYO token, which was attached to LyoFI and LyoPay.
Here is how things stand with LYO token as of January 2023:
WeWe Global has recently introduced an L-Finance Ponzi scheme while the LYO Ponzi dumps towards $0.
L-Finance has been put up on the website “lfi.io” by WeWe Global.
The domain “Lfio.io” was first registered in 2020. On September 5th, 2022, the private registration was last updated.
We can see that “lfi.io” was for sale in early 2022 thanks to the Wayback Machine.
Hence, it would seem that WeWe Global bought the domain in or around September 2022.
The website of L-Finance reveals that LFI is a BEP-20 token. They are inexpensive to set up and only take a few minutes.
The typical array of cryptobro nonsense that no one cares about is attached to L-Finance:
Investors have come for the promised annual returns of up to 2857.14 percent.
L-Finance and LFI are the same old “staking” scam, although WeWe Global now refers to it as “vesting”.
Affiliates register, make an investment in LFI (or convert their worthless LYO to LFI), park the tokens with the business, and then continue to gather tokens.
The goal is to withdraw money that has already been invested. The issue is that this depends on a steady influx of fresh victims to steal from, as LYO bagholders are realising.
Little traffic is currently being tracked by SimilarWeb on the L-Finance website. As of December 2022, 605,000 people had visited the WeWe Global website, up from 405,000 in November.
Yet outside of Seychelles, hiring has dried up (Italy, Bulgaria, Argentina and Greece are all down).
In any case, it should be clear that LFI will take the same course as LYO before ordinary investors can pay out.
WeWe Global is promoting LFI’s dumping as vLFI possibly in January 2023 on stock exchanges.
LFi will be listed on a number of exchanges and price-tracking websites starting in January 2023. It will be put to use for transactions and trades and become a vLFi.
Assume that WeWe Global may reboot a fourth time if vLFI eventually fails.
WeWe Global is reportedly run out of Dubai by Luiz Goes (also known as Luiz Goez).
Goez, who is thought to be from Brazil, might also have collaborators in Italy.
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