The Collapse That Promoters Pretended Would Never Happen
It’s official. Beonbit is dead. The website is offline. The support chats are gone. The withdrawals are frozen. And the YouTubers who were screaming “it’s not a scam!” just weeks ago? Now they’re crying, “I didn’t know,” and pretending to be shocked.
We’re not shocked. We told you this was coming. On April 11, 2025, we streamed the hard truth. We exposed the fake CEO. We showed you the lies. We warned you that Beonbit had all the hallmarks of a classic crypto Ponzi scheme. But the promoters didn’t stop. They kept pushing it anyway—for the commissions.
Now the same influencers are scrambling to explain what happened. Some are claiming a hack. Some are blaming “Indian scammers.” Some are saying it was the AI that failed. But nobody is talking about the elephant in the room:
This was always a Ponzi scheme, and the people who promoted it knew it.
What Was the Beonbit Scam?
Beonbit branded itself as an Australian crypto platform using AI-powered trading algorithms to generate daily profits. But in reality, it was a front. A façade. A well-packaged multi-tiered Ponzi scheme with no real product, no genuine trading, and no transparency.
- A fake CEO, “Richard Bates,” created using AI voice changers and deepfake-style video overlays
- No legitimate office in Australia, despite claiming one
- No financial services licence in Australia or anywhere else
- Guaranteed returns of 1–5.6% daily, depending on how much you invested
- Up to 47% commission for bringing in new investors
- Withdrawals suddenly blocked with a made-up excuse about adding “2FA security”
- A conveniently timed ‘Security Plan’ launched just days before the collapse, locking in more money
They even managed to get listed on the Apple App Store to build fake credibility. But it was all a con.
There was never any trading. There was never any AI. There was never any “Richard Bates.”
There was only a funnel of money flowing upward—from victims to scammers.
The YouTubers Making Excuses
After the collapse, suddenly every promoter became a confused victim. The same people who told you to invest are now claiming they’re “shocked.”
We transcribed dozens of their meltdown videos. Here’s what they’re saying:
“I should have known myself when I saw the 25% bonus.”
“Richard Bates obviously isn’t a real person.”
“They had a hack by the best hackers in the world from India.”
“The company has been going for two years, I thought it was legit.”
“I only got one withdrawal.”
“They’re saying we’ll get tokens instead now.”
“I’m going to find this guy and get him arrested.”
These people are not victims. They were salespeople. And they got paid.
They made their commissions by selling you a dream. And when it turned into a nightmare, they claimed they were in the same boat.
They are not.
They sold you a ticket to a cliff edge. And now that you’ve gone over, they’re dusting themselves off and preparing to sell the next scam.
Mai Summer Vue: The Queen of Crypto Carnage
Let’s talk about Mai Summer Vue, the self-proclaimed leader who hosted weekly Zoom calls hyping up Beonbit. She called it “AI-powered” and “the future of passive income.”
Now? Her YouTube channel is wiped clean of Beonbit videos. Her followers are left with empty wallets, and she’s getting ready to promote the next scheme. It’s what she does.
Here’s her track record:
- HyperFund / HyperVerse / HyperNation – Promoted Sam Lee’s Ponzi empire
- SableDAO / AVA / We Are All Satoshi – Rebranded one fraud into another
- ViDiLOOK, ViDiLOOK 2.0, V.E.N.D – Each version collapsed, she moved on
- The Promise United – A religious-themed scam full of financial lies
- Beonbit – Promoted aggressively right up until the collapse
Her tactics are deceptive and manipulative:
- Plays the victim when exposed
- Scrubs her online presence to cover her tracks
- Uses faith, hope, and emotional manipulation to keep people investing
- Guilt-trips her audience, claiming doubt is negativity
She never takes responsibility. She never apologises. And she never stops.
Other Promoters Who Must Be Held Accountable
We’re also naming:
- Keith Williams – A U.S.-based financial consultant seen promoting both Beonbit and Vital Health International, another MLM scheme
- Eric J. Carter – Linked to tax consultancy and MLM health product sales, now exposed promoting Beonbit
- Steve Colwill (Digital Degen) – Vocal on YouTube and Telegram, known for promoting multiple Ponzi schemes while pretending to be just another investor
These people are not random investors who made a mistake. They’re professional promoters, and they are already moving on to their next scam.
What Really Happened to the Money?
As Beonbit collapsed, we tracked the final moves:
- Wallets drained and assets shifted to unknown addresses
- Telegram chats shut down
- Claims of “hackers from India” as a distraction
- Promises of “tokens” instead of refunds
- No access to withdrawals unless you pay again – classic advance-fee fraud
And now the narrative has shifted to the next lie:
“You’ll get your money back in the form of tokens.”
Sound familiar? That’s because it’s the same script from every failed Ponzi.
The Real Damage
We’ve heard heartbreaking stories:
- A man who sold $2,000 worth of gold to invest in a “90-day plan”
- Workers who saved for months to invest $500, now lost
- Families borrowing money from friends and family, thinking this was a safe opportunity
Now they’re broke. And the people who sold them that dream are moving on like nothing happened.
If You’ve Been Scammed, You’re Not Alone – But Don’t Stay Silent
If you’re reading this and you’ve lost money, we want to hear from you. Send us details anonymously and help us name and shame the individuals who brought this scam into your life.
These people need to be held accountable. The more victims speak out, the harder it becomes for these predators to keep jumping from one scam to another.
We are The Crypto Ponzi Scheme Avenger, and our mission is simple:
Expose the scammers. Expose the promoters. And protect everyday people from falling into the next trap.
The promoters are not victims. They made money off your pain. They knew what this was. And they will do it again.
Let’s make sure they don’t get away with it.
SEND US YOUR STORIES.
SHARE THE NAMES OF THE PEOPLE WHO GOT YOU INVOLVED.
And together, we’ll shut this circus down.
About the Author Danny de Hek, also known as The Crypto Ponzi Scheme Avenger, is a New Zealand-based investigative journalist specializing in exposing crypto fraud, Ponzi schemes, and MLM scams. His work has been featured by Bloomberg, The New York Times, The Guardian Australia, ABC News Australia, and other international outlets.
Stop losing your future to financial parasites. Subscribe. Expose. Protect.
My work exposing crypto fraud has been featured in:
- Bloomberg Documentary (2025): A 20-minute exposé on Ponzi schemes and crypto card fraud
- News.com.au (2025): Profiled as one of the leading scam-busters in Australasia
- The Press / Stuff.co.nz (2023): Successfully defeated $3.85M gag lawsuit; court ruled it was a vexatious attempt to silence whistleblowing.
- The Guardian Australia (2023): National warning on crypto MLMs affecting Aussie families
- ABC News Australia (2023): Investigation into Blockchain Global and its collapse
- The New York Times (2022): A full two-page feature on dismantling HyperVerse and its global network
- Radio New Zealand (2022): “The Kiwi YouTuber Taking Down Crypto Scammers From His Christchurch Home”
- Otago Daily Times (2022): A profile on my investigative work and the impact of crypto fraud in New Zealand
Mai Summer Vue Breaks Her Silence – But Can She Be Trusted?
️ It’s been nearly a week since Mai Summer Vue vanished from the public eye after the collapse of Beonbit, deleting YouTube videos, group posts, and promotional content tied to yet another crypto scam. But now, she’s re-emerged in one of her private WhatsApp or Telegram groups with a lengthy, emotionally charged message — forwarded to us by one of The Avengers.
Below is the exact message shared by Mai (aka @summerisen-thecryptoteacher). No edits. No filters. Just the raw statement:
—
“The only limit to our realization of tomorrow will be our doubts of today.” — Franklin D. Roosevelt
Dear Brothers and Sisters, ❤️
I humbly ask that you read this evaluation in its entirety. ✨
For years, I held onto the belief that there are good people out there developing businesses to uplift the poor and working class, enhancing quality of life globally. With unwavering tenacity, I’ve engaged with numerous developers, business models, and deposit plans, only to be misled by enticing promises of wealth and sustainability. Despite our good intentions, we trusted these individuals who ultimately offered us false proposals, leading to our disappointment.
I want to clarify that my evaluation of MLM (Multi-Level Marketing) is not the problem; in fact, MLM can be a powerful tool for success. The concept behind this marketing strategy is brilliant, and hats off to those who created it. However, for us to truly harness the potential of MLM, we must align ourselves with companies that offer real products and services. ️ Too often, I’ve reached the top only to face collapse and have to start over again, which is exhausting.
With the right company and the hard work I’ve put in, along with the support of those who followed me, we could have achieved great things. I firmly believe in MLM, and I will continue to embrace this philosophy. The essence of MLM is that it is better to benefit from 1% of the efforts of 100 people than to rely solely on 100% of our own efforts. We have practiced giving 100% of our own effort our whole lives, yet many of us are still struggling.
Let us continue to believe in MLM and actively promote and share businesses that are real and sustainable with our friends, family, and colleagues.
After countless attempts, I’ve come to a crucial realization: many of the companies I engaged with do not exist to help us; they are designed to deceive and rob us, jeopardizing our livelihoods, relationships, and well-being. ⚠️ The consequences of their actions are severe, with many suffering deeply due to their greed.
Today, I acknowledge that no legitimate company can guarantee returns of 1% to 15% daily. We must turn our backs on these scams and spread awareness among our friends and community. Early investors may profit temporarily, but those joining later will likely face losses as these businesses inevitably collapse.
I have learned that we can take control of our finances ourselves. By educating ourselves on trading and utilizing technology, we can create opportunities without relying on third parties. We can safely invest in cryptocurrencies, buy low and sell high, and develop our own strategies for earning income.
I want to sincerely apologize to those who believed in me and lost money along the way. ♂️ My intentions were genuine, but I realize now that our faith was misplaced. I am committed to shifting my approach—no longer will I invest in companies promising high returns. I need to protect my financial future, my home, and my relationships. ❤️
Moving forward, I will focus on utilizing technology to generate income through financial transactions while continuing my education in this field.
I wish you all success in your endeavors and urge you not to lose hope in your dreams. ✨ Adjusting our approach to achieving financial goals is essential, but giving up is not an option.
In the future, I will share strategies to help you earn money without sending your funds to third parties. I am saying goodbye to high and low ROI programs and turning my back on all of them.
Thank you for your belief and trust in me.
Peace, Love, and Freedom, ✌️❤️
Summer (a.k.a. SummerRisen) ✨
—
Our Response: Red Flags Everywhere
Mai Summer Vue, this isn’t your first rodeo — far from it. In fact, this looks like a carefully crafted rebrand. A new redemption arc to prep your followers for whatever shady “next big thing” is about to drop. Let’s break it down:
Gaslighting with Grace – Your flowery language and spiritual tone doesn’t change the facts: you promoted multiple crypto Ponzi schemes — including HyperVerse, We Are All Satoshi, VidiLook, The Promise United, and Beonbit — all with the same outcome: total collapse.
Fake Accountability – Saying “I’m sorry” after every disaster you helped promote means nothing when the only lesson learned is how to sell it better next time.
Repackaging the Grift – You’re not quitting MLMs. You’re just swapping high-yield scams for “self-education” and “crypto trading.” It’s the same playbook with a shinier cover.
The MLM Myth Lives On – Still preaching about how “MLM isn’t the problem”? Let’s be real: MLM is always the problem. Especially when there’s no product and only people flipping memberships.
A Final Question for the Community:
Is Mai Summer Vue a reformed promoter — or just a manipulative marketer looking for her next cash cow?
Every single platform she has backed has followed the same trajectory:
1. Hype
2. Recruitment
3. Collapse
4. Deletion
5. Reinvention
It’s time to stop letting her reinvent herself.
If you’ve lost money in one of her schemes, or have more information, send it in. We’ll add it to our case files.
We are The Avengers — and we name and shame scam promoters before they strike again.
We have invested in beonbit $350 dollars my savings , but all the money Has gone.
Thanks for sharing, Sarbjit — I’m truly sorry to hear that you lost your savings in BEONBIT. You’re not alone. We’re currently tracking over 150 similar Ponzi schemes and documenting every name involved to prevent this from happening to others.
Please report your case here so we can include your experience in our investigation:
https://tinyurl.com/wheredidmycryptogo
Also, be cautious — many scammers pretend to be refund agents or recovery experts. They’ll promise to help you “get your money back” but are just trying to scam you again. These recovery scams are sadly the second wave of fraud after Ponzi schemes collapse.
We will continue exposing the names, faces, and tactics behind BEONBIT. Your information strengthens our mission. Stay connected — and if you have names of the people who recruited you, please send them in. The Avenger team is watching.