CloudFi indicates a Crypto MLM scam… Unveiling Truth (Update 2024)

The website of CloudFi does not include ownership or executive information. On January 10th, 2023, CloudFi privately registered the domain name (“cloudfi.app”) for its website.

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Slovakia (62%), Italy (23%), Greece (3%), and Bangladesh (3%), according to SimilarWeb, are the top countries sending visitors to CloudFi’s website.

The strange #1 source of traffic, Slovakia, sticks out.

An incomplete corporate address in Hong Kong is provided by the scam on its website in an effort to appear official. It’s uncertain if this MLM scam has any connections to Hong Kong.

MLM (Multilevel Marketing) Scam is the con-art used by fraudsters to inculcate associates claiming fake assertions. The fraud companies use the MLM scam scheme to make illegitimate pyramids of associates in their firm. Also, to assure the continuity of the process, the heads always claim of potential monetary gains for the networking bridge.

Always consider joining and/or giving any money to an MLM firm very carefully if it is not openly forthcoming about who is in charge of or owns it.

Do you know what is CloudFi?

For individuals and organizations looking to expand their portfolio of digital assets, this Ponzi scheme claims itself as the top digital asset management company. To provide steady profits for our clients, our platform makes use of cutting-edge trading technologies and methods.

With a team of seasoned specialists committed to ensuring the safety and growth of your money, we take pride in offering a dependable and secure investing experience. Invest in cryptocurrency to the fullest with CloudFi, your dependable partner for safe investing.

Greetings from our reputable cryptocurrency investing platform. With a special and tried-and-true system, our knowledgeable team of cryptocurrency professionals offers a stable and low-risk revenue stream. Join us and use cryptocurrency investing to ensure your financial future.

They claim to provide Bitcoin investors with a secure and straightforward platform. Your investments are always protected by our team of seasoned specialists and cutting-edge security procedures. Join us now and confidently discover the world of cryptocurrency investing.

25/11/2023 Update
As of now, CloudFi has not responded, nor has it apologized for its misdeeds. They have ignored our efforts to highlight the problems faced by their victims. Furthermore, they have only focused on propagating their fake PR.

Their Products

No retainable goods or services are offered by CloudFi. The only thing that affiliates can promote is their affiliate membership.

Compensation Strategy of this MLM Scam

Investments in cryptocurrencies sought by them start from $200 to $1,000,000.

A daily ROI of 1.25%, with a maximum of 250%, is guaranteed from Monday through Friday.

CloudFi additionally claims to offer bonus deposit amounts based on investment amounts:

Invested AmountReceived % of bonus deposit
$200 to $10002%
$2000 to $10,0004%
$20,000 to $100,000 6%
$200,000 to $1,000,0008%

Additionally, bonus deposits have a weekly payout rate of 1.25% with a 350% maximum.

CloudFi‘s MLM Compensation Scheme

An unilevel compensation scheme is used by CloudFi to provide referral commissions on Bitcoin investments.

An affiliate is put at the head of a unilevel team in a unilevel pay system, and each affiliate they personally recruited is positioned immediately under them (level 1).

New affiliates brought on by any level 1 affiliates are added to the original affiliate’s unilevel team at level 2.

If any level 2 affiliates bring on new affiliates, they are promoted to level 3, and so on down a theoretically endless number of levels.

CloudFi limits referral commissions at the first four stages of hiring.

On each of these four levels, the following referral commissions are distributed as a proportion of the cryptocurrency invested:

level 1(personally recruited affiliates)6%
Level 2 4%
Level 32%
Level 41%

The procedure for joining CloudFi

Membership in the CloudFi affiliate program is free.

A minimum investment of $200 is necessary to participate fully in the attached income opportunity. Investment in different cryptocurrencies is sought after by CloudFi. 

Conclusion

According to CloudFi, cryptocurrency trading is how it makes money from outside sources.

At CloudFi, the team of highly skilled cryptocurrency traders proves to be dedicated to providing top-notch client service and generating reliable returns.

Your investments will be optimized and your returns will be maximized using our in-house developed machine learning trading bot, CloudFi Intelligence. Discover the future of successful professional crypto investment by joining us right now.

There is no proof that it trades cryptocurrencies or uses any other external revenue-generating methods.

This is consistent with the top MLM crypto Ponzi scheme ruse, which is cryptocurrency trading.

Additionally, CloudFi’s operation fails the Ponzi logic test. What do they need your money for if the company already has an AI trading bot spewing out 1.25% per day (more once MLM commissions are taken into account)?

When affiliate recruiting stops, fresh investment stops as well, as is the case with all MLM Ponzi schemes.

This MLM scam will eventually collapse as a result of being deprived of ROI income.

Ponzi schemes’ mathematical foundations make it inevitable that the majority of participants will lose money when they fail.

2.7Expert Score
Scam

After going through the above points, it’s evident that CloudFi is a scam you should avoid at all costs.

Trust
2
Experience
3
Ethics
3

13 Comments
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  1. 3 We are in the battle field, a battle against the scammers. It’s better to keep ourselves equipped because the last 2 decades have made it clear that we can not trust the authorities too.

  2. Dude, investment in digital assets is scary, don’t make a single move if you are not immensely trained.

  3. The world is full of scammers, either be one of them, or be shielded by them. Else, you would be destined to be a prey of them.

  4. It makes me sick to know about scams like CloudFi. The government wants to look up these cases and take strict action against them.

  5. Honestly, I’m not surprised after reading this article. These cases are still happening. People are losing their money by trusting these unreliable platforms.

  6. CloudFi does not indicate MLM, Its an evident Ponzi, stop being so dramatic and diplomatic.????

  7. The sad part of these schemes is that the people were unable to recover their hard-earned money.

  8. These schemes are the reason why the majority of people don’t want to invest their hard-earned money.

  9. No ownership, no executive, no product, then why do people indulge in these ponzi applications. We must be more aware.

  10. It’s difficult for victims to deal with these types of swindlers and get their money back.

  11. CloudFi is a bad example for those investors, who just started crypto trading.

  12. The reason why these crypto scams are getting a boost in the market with the influencers and celebrities who push such schemes.

  13. Yet again, an MLM ponzi, the infinite cycle continues.????

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