MinerX fails to provide ownership or executive information on its website.
MinerX’s website domain (“minerx.tech”), was privately registered on May 16th, 2024.
MinerX’s official FaceBook page is managed from Thailand:
MinerX marketing places its purported headquarters in Phuket:
On October 1st, MinerX released a video on its YouTube channel titled “MinerX Global Community Visit KL.”
The video presents a group of individuals who appear to be random (potentially actors?), with one person identified as “Dr. Jeffrey Gan Shang Yng.”
“Dr. Jeffrey” refers to Jeffrey Gan Shang Yng. While Gan’s exact role within MinerX remains unclear, he is portrayed as the public representative of the company.
My investigation into Gan uncovered connections to a Chinese crypto mining cartel operating out of Texas. The details are complex, so please bear with me as I break it all down.
In MinerX’s promotional content, Gan is depicted as a U.S. citizen with connections to Malaysia and Singapore (click to enlarge).
Previously, Gan served as the Main Team Leader and public face of “Mama Captain,” a well-known scam project. This project has taken many people hard earns saving. Alot of victims entered to this scam trap project.
Mama Captain is identified by Bank Negara Malaysia as a scam company. Many investors suffered significant financial losses as a result of “Mama Captain” being revealed for operating a massive fraud during that time. Many facets of society are deeply troubled and concerned by this tragedy.
Gan served as the face and chief marketing officer of “G-Power” (unihash) four years ago.
These were the people who operated G-Power.
Built on “unig” tokens, G-Power was a 300% smart-contract staking Ponzi scheme.
G-Power and its “unig” tokens are no longer in use.
Additionally, Gan oversees the “Right Arms Project,” which he says was started in 2018.
The Right Arms Project uses the domain “rightarms.io” to operate, and it is clearly up to version 3.0. The domain for the Right Arms Project website was registered in January 2023, as opposed to 2018.
The website for the Right Arms Project is currently just a sign-up/login form:
Right Arms Project, as I understand it, is the result of Gan’s years of cryptocurrency Ponzi schemes. rolled into MinerX now.
The “Assembly of Gods” is a component of the Right Arms Project. The Assembly of Gods, which sounds extremely cultish, seems to be a collection of Gan’s Chinese financiers.
At a MinerX “kick off” event for Chinese investors in August 2024, the Assembly of Gods emblem was prominently displayed.
Kewusuma, an MLM e-commerce retailer that also engages in MLM crypto fraud, was the result of my investigation into the relationship between Assembly of God and MinerX.
In order to increase their Bitcoin output without raising prices, Miner X partners with international mining farms such as BitGood and splits the additional revenues.
The first thing visitors to BitGood’s website see is this:
At the end of this review, we will discuss the reasons behind BitGood’s North American disclaimer on its website.
Relevant to the review’s introduction is the fact that BitGood is owned by Dbank, a Chinese company.
I don’t know who owns and/or operates BitGood or Dbank, other than the fact that it is Chinese owned and operated.
It doesn’t seem like Dbank and BitGood communicate directly with the MLM cryptocurrency investment firms that are affiliated with them.
PrymeBit, another business, handles that:
PrymeBit as BitGood’s “authorised partner”;
PrymeBit, a notable project approved by the Finxeed Certification Program, is essential to external marketing and offers many partners invaluable assistance.
PrymeBit gains a great deal from BitGood’s advanced mining facility technology and intelligent hash power pool services as the company’s sole authorised partner.
Run by CEO Jaz Pee, also known as Wei Haw Pee and “Mr. JP,” Finxeed markets itself as a “certifier.”
At the end of this assessment, we will discuss Pee’s direct participation with MinerX and the MLM crypto Ponzi that it is a clone of.
Pee mentions Finxeed’s BitGood project on Twitter. This links Pee to BitGood, Dbank, and MinerX ownership. However, this is really a cover for “Dato Seri Jeffrey Gan,” the Big Scammer.
Chinese-speaking Dbank and BitGood proprietors may be heard in marketing videos on BitGood’s website, which brings us full circle to Chinese scammers operating in Asia (Malaysia and Thailand) and Texas.
As usual, you should carefully consider joining and/or transferring any funds if an MLM firm is not transparent about who owns or operates it.
Conclusion of MinerX
The Big Scammer Dato Seri Jeffrey Gan Shang Yng is the operator of MinerX & Bitgood, an MLM cryptocurrency Ponzi scheme.
Authorities are alerting the public about MinerX, a business that was recently found to be running a cryptocurrency multi-level marketing (MLM) Ponzi scheme.
