Note: This appeal is directed at all victims of Lyoness/Lyconet/myWorld who would like to contribute to the investigation. BE Conflict Management expressly points out the possibility of passing on relevant information to the insolvency administrators. Any substantial information can help to reveal responsibilities and enable further legal action. Victims can play an active role The […]
Why almost 90% of trading volume on Blocktrade depends on eCredits and what that means for investors who were led to the platform via myWorld/Lyconet. A striking market distribution According to data from CoinMarketCap, a single trading pair currently dominates activity on Blocktrade: eCredits (ECS/EUR) account for around 88.5% of the most recently measured trading […]
After days of being unavailable, the trading platform is back online. But technical failures, dependence on ECS and entanglements with the insolvent myWorld Group are raising existential questions for investors. Technical failures as a warning sign For several days, Blocktrade was unavailable, either via the app or the web interface. For investors, this meant no […]
The official websites of myWorld and Lyconet are no longer accessible as of today (28 August 2025). According to consistent reports, the websites were shut down by authorities after it was determined that advertising for the company was still being carried out there. For many marketers and end customers, this means that their usual means […]
WEXO presents itself as a modern crypto fintech with a wallet, cashback and community events. At first glance, the ecosystem appears to be a European player with an international perspective. But behind the glossy promises lies a corporate structure that exposes investors to considerable risks. Contractual partner in Dubai – customers in Europe At the […]
The insolvency of myWorld International AG was explained in the official statements as being due, among other things, to a ‘decline in purchasing behaviour during the coronavirus pandemic.’ Before the public prosecutor’s office, the defence also pointed to an alleged lack of understanding on the part of the company’s own marketers. For many sales partners, […]
‘With his supplementary statement, Hubert Freidl has achieved something that must seem like pure mockery to many of those affected: he has simply turned the tables. Investments have become discount vouchers, promises of passive income have become alleged misunderstandings, and thousands of people affected have suddenly become people who simply had “false expectations”,’ says our […]
The latest statement from the Kreditschutzverband (KSV) on the insolvency of myWorld International AG initially sounds like a sober assessment of the situation. KSV1870 is an independent creditor protection association with a legally established, state-recognised status in Austrian commercial and insolvency law. But for marketers and customers, the crucial question is: What use is this […]
With the decision of the Graz Regional Court for Civil Matters on 13 August 2025, the closure of myWorld International AG has been finally sealed. But for many former marketers and agents, the proceedings could now become really unpleasant: according to information from creditor circles, the insolvency administrators are also examining whether commissions paid out […]
Commentary by B. Ecker, CEO BE Conflict Management A new call, old patterns: Max Galler promises quotas and transitions that lack any factual basis. Instead of transparency, there is blame shifting. Before millions flow again, Freidl & Co. must first be held accountable. Max Galler must also be held to his statements, especially since it […]
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