“Recovery or recruitment? – WADZ & Connect’s “Recovery Programme” under scrutiny
Instead of compensation: licence purchases, referral bonuses and unclear token exchange mechanisms – the “Recovery Programme” seems like the next round in the DeFi MLM cycle.
From recovery to resale
Anyone who wants to recover the money they lost in Safir, Zeniq or XPRO projects has been encountering a promising offer for weeks: the ‘Recovery Programme’ from the Connect ecosystem.
At first glance, it sounds like compensation for aggrieved investors. But anyone who reads the small print will quickly realise that it is not about repayments, but about the resale of digital ‘licences’ – combined with a bonus model that repeats old patterns.
The ecosystem behind the promise
According to official documentation, several players are behind the programme:
• WADZ (DeFi liquidity platform),
• Centtura (sales and payment portal),
• BXPay / BankXcellerator APD (payment service),
• and NodeK (mining hardware provider).
Formally, everything operates on a ‘non-custodial’ basis – meaning that users allegedly retain control over their wallets. In reality, this means: no regulation, no external supervision, no liability. Those who participate bear the risk alone.
The business model: licences instead of repayments
The path to ‘recovery’ involves purchasing a ‘recovery licence’. This licence is supposed to enable old tokens – such as Homnifi Promo or T-Balance – to be exchanged for new WADZ credits.
However, how this exchange works, at what rates and according to what verification procedure, remains completely unclear.
Instead of concrete repayment mechanisms, there are commission and bonus promises:
a fixed bonus of 29 US dollars per new buyer recruited plus 50% ‘commission points’ on the licence price. Limits? None.
This means that anyone who sells new licences earns money, regardless of whether a ‘recovery’ result is actually achieved. A classic feature of MLM structures.
Marketing logic instead of DeFi technology
The documents refer to ‘yield farming’, ‘liquidity pools’ and ‘non-custodial strategies’.
But the decisive factor is where the money really comes from: not from blockchain fees or real trading volumes, but from the licence purchases of new participants.
As soon as a user has achieved three times their investment as profit, their licence automatically expires – anyone who wants to continue must invest again.
There is no repayment obligation, guarantee or termination option.
The system thus relies on a constant inflow of capital – a model that, according to competition law (§ 16 UWG), can quickly come under suspicion of being an illegal pyramid scheme.
Lack of transparency and legal grey areas
The supposed ‘right to payout’ also remains nebulous.
The small print merely states that bonuses are ‘payable following the platform’s standard withdrawal policies’.
The applicable deadlines, fees or limits are not defined anywhere.
It is also unclear who the legal contractual partner of the investors is: WADZ, Centtura or Connect?
None of the aforementioned parties has a recognisable financial services licence – neither in the EU nor in any other regulated jurisdiction.
The misleading use of the term ‘recovery’
The term “recovery” suggests redress.
However, the programme does not represent a recovery of lost investments, but merely offers a new, speculative model – with the same risks as before.
The supposed ‘recovery’ is based solely on the hope that WADZ will generate profits from DeFi pools in the future.
Whether and when this will happen remains to be seen. Based on current knowledge, the probability that previous Safir/Zeniq losses will actually be offset in this way is minimal.
Conclusion: New label, old principle
The ‘Recovery Programme’ is not a rescue plan, but a rebranding of old mechanisms.
Licences replace tokens, referral bonuses replace returns – the risk remains with the investor.
Those who get involved here will not receive compensation, but will participate in a new attempt to cover losses with fresh capital.
The term ‘recovery’ is effective for marketing purposes, but misleading in terms of content.
Investors should be aware that
this is not a remedial programme, but a repackaged, high-risk DeFi referral system – with structural parallels to models that have failed before.
More on WADZ, Connect & the Recovery Programme in the next article!
Note:
This article is a journalistic analysis. To the best of our knowledge, it separates facts, assessments and opinions.
It is based on publicly available sources and legal assessments in accordance with applicable EU and competition law.
At the time of going to press, none of the companies mentioned had disclosed any verifiable licence or supervisory approval.
Quotations from platform documentation are made within the scope of the right to quote (§ 51 UrhG).
Sources:
• Official Recovery Programme documentation (https://recovery-program.gitbook.io/recovery-program-docs/, accessed: 09.11.2025)
• Internal FAQ and WADZ terms and conditions, analysed in ‘Recovery Kleingedrucktes.docx’
• Own research and plausibility analysis of WADZ, Centtura and BXPay structures
• Section 16 UWG (pyramid selling), Art. 6 ff. Directive 2011/83/EU (consumer information), relevant DeFi risk assessments
Leave a Reply
Want to join the discussion?Feel free to contribute!