Patronage, cash drain, sister loans – Lyconet management in the sights of insolvency administrators What was long presented as a ‘restructuring’ of the myWorld/Lyconet structure may, according to internal documents, have been a system of internal self-financing. Documents from spring and summer 2025, which are available to our editorial team, show that payments were not […]
The cryptocurrency platform Blocktrade is publicly talking about growth, expansion and a possible IPO. But the sobering register data paints a completely different picture: outstanding tax debts of €280,287.72 in Estonia, two unfiled annual financial statements and a risky relocation to Slovenia. Can a company that positions itself in this way really go public in […]
Lyconet/myWorld President 8.3 Mario Oreggia on the sale of Blocktrade, what he didn’t mention in his online calls, and why the information we researched paints a completely different picture. Our enquiries on this matter have so far remained unanswered. Mario Oreggia was a long-standing top leader (‘President’) in the Lyconet network, with direct access to […]
Was Sam Tan being honest in his calls? The crypto platform Blocktrade S.A. long presented itself as a regulated, reputable provider with a European profile and big ambitions for the future. An IPO, allegedly even on the Nasdaq, was promised, and communications emphasised stability and growth. However, recent developments paint a different picture and give […]
Comment by Ben Ecker Blocktrade advertises with the future, but the present looks bleak. With the resolution to dissolve the company on 22 November 2024, this public limited company is in liquidation. This is the start of a series of articles about events that every Blocktrade user should be aware of. The owner is in […]
Many people affected by MLM and pyramid schemes are familiar with the same pattern: First, there is great disappointment when the supposedly safe investment turns out to be a pipe dream. There is complaining, and the anger over lost money is palpable. But as soon as it comes to demanding accountability or presenting evidence, many […]
The Blocktrade platform has entered a new phase: its acquisition by the FSR Group and the shift in regulation are causing considerable uncertainty for customers. Particularly affected are holders of eCredits (ECS), a cryptocurrency that was previously traded exclusively via Blocktrade for almost 90% of its value. It is striking, however, that Blocktrade, like myWorld […]
With its latest announcement in September 2025, Blocktrade officially confirmed its transfer to FSR Digital. What at first glance sounds like a regular platform change turns out, on closer inspection, to be a highly risky move for all existing investors. Withdraw or automatically agree Blocktrade is asking customers to withdraw their remaining assets by 28 […]
Lawsuits are now being filed in various countries, including Spain, Poland, Italy and others. Today, we will focus on the situation in Italy. For the following assessments, we contacted an Italian law firm specialising in commercial law and had them examine the general situation; the following points summarise their basic assessment and our own analysis. […]
NOTE: This article is expressly intended only for those victims of Lyoness/Lyconet/myWorld who have not yet taken any steps to reclaim their losses. It represents a legally non-binding assessment based on the opinions of our legal advisors. No assets, no payout The insolvency of myWorld International AG in Austria marks the provisional end of a […]
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