WADZ: Recovery, licence purchase, Uniswap – the fact check for Safir/Zeniq/XeraPro users!

A critical look at the ‘WADZ’ model and why victims of Safir, Zeniq and XeraPro are being targeted again.

The legacy: Safir, Zeniq and XeraPro

Many thousands of small investors in Europe, especially in German-speaking countries, have invested money in the supposed future projects Safir, Zeniq and XeraPro. They were promised an innovative ecosystem consisting of blockchain, their own bank card, trading platform and tokens. In reality, the whole thing turned out to be a classic multi-level marketing (MLM) system that relied heavily on pyramid scheme mechanics: investors recruited new investors, while the promised products were little more than a facade. In the end, many were left with a total loss.

The new bait: WADZ

Now, a new platform called WADZ is emerging that specifically targets the trust of these victims. In the official ‘Participation Guide,’ WADZ is marketed as a ‘reputable DeFi tool’ that allegedly generates passive income independent of market cycles.

At first glance, the business model sounds more professional than the old MLM promises:

Users purchase a licence to participate.
They must provide liquidity, 50% of which is automatically invested in USDC (stablecoin) and 50% in Ethereum (ETH).
These funds are supposed to flow into DeFi liquidity pools such as Uniswap, which allegedly earns trading fees around the clock.

Why the WADZ narrative is dangerous

At second glance, however, there are clear parallels to well-known MLM and crypto scams:

Barrier to entry via licence purchase – Genuine DeFi platforms such as Uniswap or Aave do not require licences or upfront payments. The licence purchase apparently serves as a new ‘entry barrier’ that secures cash flows – much like XeraPro.

Exaggerated promises – The guide suggests that there is ‘no bad time’ to get started. Risks such as impermanent loss or smart contract dangers are concealed. Instead, Ethereum is presented as inevitably rising in the long term.

Targeted marketing to victims – WADZ uses vocabulary that appeals to trust after a loss: ‘WADZ is not for quick profits,’ ‘Only for the patient who believe in ETH,’ or ‘Don’t panic when it goes down.’

This sounds like a psychological response to the desperation of Safir victims who are looking for a quick rescue but are simultaneously afraid of new losses.

Multi-level component obvious – Even if the PDF does not directly address it, it is typical in the MLM environment for participants to recruit new investors – in exchange for commission. Testimonials from former participants suggest that referral marketing structures are also being established at WADZ.

Parallels to old patterns

Safir & Zeniq: ‘Innovative blockchain products’ as a lure, little substance.
XeraPro: Licence models and forced subscriptions, combined with pseudo-trading.
WADZ: Now disguised as a ‘reputable DeFi project,’ but with the same structural red flags: licence fees, promises of salvation, psychological manipulation.

Conclusion: Old wounds, new trap

WADZ is trying to sell new hope to those who have been harmed by Safir, Zeniq and XeraPro’s crypto and MLM schemes – this time in the guise of DeFi. But the mechanisms are the same: licences, grandiose promises of returns, downplaying of risks and presumably a referral structure.

Anyone who has ever lost money in such schemes should be particularly vigilant: the pattern is repeating itself.

Note:

This article is based on publicly available sources, documented complaints from investors and an official press enquiry. It is a journalistic analysis. All statements about legal risks or possible contractual constellations are to be understood as assessments, not as conclusive legal advice. Those affected should seek legal advice if in doubt.

Sources:

WADZ documentation pages directly and with date (GitBook shows ‘Last updated’). Quote literal claims only briefly: e.g. ‘A licence is your key to accessing the WADZ platform’ / ‘automatically split 50% USDC + 50% ETH’.

Risk passages: base on Uniswap/IL sources; always compare yield promises with WADZ’s own risk disclosure.

‘Targeted approach to victims’: recovery programme pages (acceptance of ‘legacy tokens’, Homnifi promo, conversion to non-transferable WADZ balances). wadz.gitbook.io

MLM/structural patterns & regulatory circumvention: FMA/ASIC warnings as hard evidence; BEKM & IYE Global as supplementary documentation/chronicle. IYE Global+4Financial Markets Authority+4Moneysmart+4

BXPay reference: explicitly mentioned in the WADZ recovery package (virtual card); This supports the thesis that BXPay is marketed in the environment as a perk/benefit – without a proven card licence from BXPay itself. (For the licence issue, see our separate review.)

New Zealand FMA – official warning about XPro & associated providers (Shiiro Academy, B2Pay, Homnifi): ‘Multi-level marketing schemes offering financial services without registration’. Financial Markets Authority

Australia ASIC (Moneysmart Investor Alert List) – Warning about Xera/XPro (unlicensed, not allowed to offer investments). Moneysmart

Australia ASIC – Investor Alert List – Warning about Homnifi (homnifi.com). Moneysmart