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The Ponzi scam Pegasus has failed.

Affiliates attempting to withdraw are obtaining a bitcoin fee error warning as of 24-36 hours ago.

The error message appears to be hard-coded, with the amount displayed being constant across many affiliate accounts and attempted withdrawal amounts.

According to my understanding, Pegasus affiliates can still invest fresh cash in the plan.

While they were fleeing, Pegasus’ administrators first informed investors that the error message was caused by a “payment processor issue.”

It had happened three times before, each time lasting between 5 and 6 hours.

As the hours passed, Pegasus devised a fresh “upgrades” justification.

When we wish to add money to the wallet for payouts, we have a funding and payout address, therefore transferring cash from the funding wallet to the payments wallet is a difficulty.

We don’t want to maintain a large amount of money in the payments wallet in case of a hack or other occurrence, therefore when the payments wallet is empty, we simply move from one wallet to another.

Because the wallet we use for that message broke something during the update, we haven’t been able to move money from funding to payment wallet in the previous several hours.

That is why mistake indicates how much money is left in the payment wallet.

This implies that 0.00002255 BTC is all that remains in Pegasus’ withdrawal wallet after the exit-scam failure.

Pegasus was an MLM crypto Ponzi that paid out 1.5% each day with a ceiling of 300%.

Pegasus is thought to be controlled by Russian fraudsters due to its usage of ePayCore, a Russian financial services company.

On April 11th, 2022, the Central Bank of Russia issued a Pegasus pyramid fraud warning.

Pegasus’ demise follows a drop in website traffic between May and June, with only a marginal recovery in July.

Why Pegasus failed should be obvious for a Ponzi scheme that relied on new investor funds to pay withdrawals.

According to SimilarWeb website traffic statistics, Pegasus investor recruitment has declined across the board. Germany is an exception, and it is likely that the majority of new Pegasus investors will be duped.

The total number of Pegasus victims and losses are unknown.

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