DANNY DE HEKWhen you’ve spent years exposing Ponzi schemes and crypto fraud like I have, certain patterns become immediately obvious. NexQloud is no exception.

This operation isn’t just suspicious—it’s a textbook example of a fake tech company using blockchain buzzwords and multilevel marketing tactics to lure mum-and-dad investors into yet another financial trap.

Let’s start with the basics:

NexQloud claims to be “revolutionizing” cloud computing by allowing everyday people to “link” their idle devices into a “decentralized” network. In return, users supposedly earn daily passive income through their proprietary NXQ token. Sounds futuristic, right?

Except the entire model collapses under basic scrutiny.

No Real Cloud Infrastructure NexQloud talks endlessly about “distributed computing,” “elastic scaling,” “geo-redundant hosting,” and “AI blockchain synergies,” but they provide zero third-party evidence that any of this exists. Their FAQ pages, website claims, and promotional videos are littered with technical jargon but completely void of verifiable substance.

Attempts by independent researchers to purchase or test NexQloud’s “cloud services” have gone unanswered. However, if you want to send them money to buy overpriced “NanoServers” or “NFT licenses” to link your device, those inquiries get an immediate response.

Who Actually Owns NexQloud?

Originally, NexQloud tried to hide behind an address in Palo Alto, California. That address belongs to Regus, a shared office space. No record of NexQloud could be found by building management or fellow tenants. Their current registration leads back to “NexQloud Technologies, Inc.,” allegedly based in Dubai. Yet even there, they’re invisible.

Through further research, I discovered the real entity behind NexQloud is Rydeum Technologies, Inc.

Rydeum is a “solutions” company offering fintech, mobility, and telehealth apps—and it used the exact same stock image two years ago as another exposed scam, WEWE Global, which pitched fake “crypto phones.” Same recycled marketing, same recycled lies.

Apple App Store Deception

If NexQloud is supposedly a billion-dollar innovation, why is their mobile app listed under Rydeum Technologies, not NexQloud?

Answer: To hide their true ownership and dodge Apple’s scrutiny. NexQloud markets themselves loudly, but when it comes to official registrations, they quietly slip under a completely different company name. That’s not just shady—it’s deliberate deception.

Multilevel Marketing Wrapped in Tech Buzzwords NexQloud isn’t about selling real services. It’s about selling the “opportunity” to earn passive income by:

  • Buying hardware licenses (an NFT attached to a worthless device)
  • Earning daily NXQ tokens (which have no guaranteed liquidity)
  • Recruiting others to do the same

This is multilevel marketing with a blockchain paint job. No matter how much technical jargon they throw at you, NexQloud’s real product is recruitment, not cloud services.

Key Red Flags:

  • Overhyped Daily Returns: They promise daily payouts whether your device is used or not—unsustainable by any legitimate standard.
  • Fake Partnerships: Displaying logos from Siemens, Billa, Skanska, Statkraft, and Ramboll without verified business relationships.
  • Zero External Validation: No third-party audits. No whitepapers reviewed by independent experts. No proof of patents or functional blockchain infrastructure.
  • Hidden Corporate Structure: The “NexQloud” brand leads to Rydeum Technologies, not the UAE entity they pretend to operate under.
  • Manipulative Testimonials: Actors and paid promoters gush about “daily income,” “changing lives,” and “the biggest opportunity since Bitcoin”—without any hard evidence.

The Real Risk to Investors Handing control of your devices over to an anonymous “cloud” run by a secretive company operating under fake identities is not just risky—it’s reckless. You’re not just risking money. You’re risking your personal data, your device security, and your future.

My Conclusion

NexQloud is nothing more than a recycled scam model—an evolution of the same schemes that wrecked lives through WEWE Global, HyperVerse, and other fake tech Ponzis. It’s a “green revolution” for your wallet, not the planet.

Anyone promoting NexQloud is either a willing participant in a fraud or another victim desperate to “make their money back” by recruiting others. Either way, stay far away.

I won’t let these parasites steal from everyday people without a fight.

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: