These companies were founded by Hubert Freidl. In many countries, Lyoness/Lyconet is already illegal and in some countries even banned as a pyramid scheme. Members are recruited with the idea of cashback, fed into the pyramid scheme and currently encouraged by myWorld’s IPO fantasies to exchange investments they have already made for worthless fake shares.
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From Lyconet President to broker – Mario Oreggia and the mysterious sale of Blocktrade
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 […]
Blocktrade – Non-transparent ownership structure and questionable IPO prospects
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 […]
Blocktrade owner in liquidation – the treatment of users is shameful and reminiscent of the fake IPO of myWorld
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 […]
‘Silence protects the wrong people – Why victims of pyramid schemes should speak up’
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 […]
eCredits in light of the Blocktrade change: What does this mean for liquidity and price?
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 […]
Voluntary or involuntary? – Blocktrade customers face forced migration
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 […]
Between symbolism and substance – Why lawsuits against Lyconet/myWorld in Italy have little chance of success
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. […]