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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Between hope and liability – Why new Lyoness/Lyconet/myWorld victims should expect a review rather than repayment
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 […]
Insolvency administrators request information – we support this!
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 […]
Between the eCredits crisis and BTEX speculation – Blocktrade in the shadow of myWorld’s insolvency
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 […]
Offline, online, dependent, uncertain – why Blocktrade is becoming an increasing risk for customers
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 […]
Shutdown of myWorld and Lyconet websites – authorities target further online presences
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 users beware: Licensed in Dubai, risky in Europe and little protection
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 […]
Lyconet/myWorld insolvency – Why the official explanation provided by management cannot be correct
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, […]