The crypto underworld never sleeps. As regulators struggle to keep pace with innovation, shady operators are already two steps ahead, dressing up their latest scams in slick interfaces, fake credentials, and promises of effortless wealth.
One of the most alarming new entrants? Protocol Yield (APP)— a social trading platform that, beneath the buzzwords and tokenomics, is nothing more than a glorified Ponzi scheme.
Let’s peel back the layers of deception and expose the truth.
Enter Shavez Anwar: The Ponzi Puppeteer Returns
Protocol Yield is the brainchild of Shavez Anwar, a notorious scammer best known for launching the failed arbitrage trading platform Boomerang 1.0. That scheme collapsed when it was revealed that the so-called “trading” was nothing more than a reshuffling of preloaded demo figures — a complete fabrication.
Now, instead of admitting fraud, Anwar has rebranded and resurfaced with Protocol Yield, pitching it as a revolutionary “Social Finance” platform. But don’t be fooled: this is the same scam in a new wrapper. Anwar continues to lie to his followers, claiming that Boomerang 1.0 failed due to “liquidity issues,” when in reality, it was exposed as a fake system with no real arbitrage trades.
By launching Protocol Yield, Shavez Anwar is simply trying to rinse and repeat — spinning up a new Ponzi scheme and hoping people forget his past crimes. We won’t.
From Trident Labs to Marida Limited: A Corporate Shell Game
Protocol Yield is operated by Trident Labs LLC, a shadowy company allegedly based in Saint Vincent and the Grenadines — a known haven for crypto frauds thanks to its lax regulation and opaque corporate registry. But here’s where it gets even murkier: Protocol Yield also claims to be registered as Marida Limited in Hong Kong under License Number 76783901-000-07-24-0.
Why the dual identities? It’s a classic obfuscation strategy. These shell companies are used to avoid accountability, making it nearly impossible for regulators — or victims — to pin down the real culprits.
To make things worse, Trident Labs simultaneously claims to be licensed in South Africa under FSCA License #50466, yet lists Saint Vincent and the Grenadines as its base — a country that is explicitly listed as a “Prohibited Jurisdiction” in its own Terms of Service.
This isn’t innovation — this is intentional misdirection.
The Trojan Horse of “Wealth Managers”
Protocol Yield markets itself as a “Social Finance” platform that connects everyday investors with top “Wealth Managers” who allegedly trade on their behalf. These managers are:
- Anonymous
- Unverified by third parties
- Unaudited
- Not licensed investment professionals
Protocol Yield insists these managers “pass KYC,” but fails to disclose who they are, where they operate, or whether they’re legally authorized to manage other people’s money. Meanwhile, investors have zero control once their funds are locked into these so-called profit-sharing pools.
It gets worse: Managers can be removed without notice. Users can be locked out. And if the platform decides you’re suspicious, it reserves the right to confiscate your funds. All of this is buried in the fine print.
PYStake: Fake Token, Real Losses
As if that weren’t enough, Protocol Yield runs a staking program called PYStake, where users are encouraged to lock up tokens in exchange for “rewards from a pool of 125 million tokens.”
Let’s be clear: this is a nonexistent token with no listing, no liquidity, no transparency, and no value outside of Protocol Yield’s internal fantasy economy. This is not decentralized finance. It’s play money for a Ponzi casino.
A Mountain of Red Flags
Protocol Yield checks every box on the crypto scam bingo card:
❌ Multiple shell companies (Trident Labs, Marida Limited)
❌ Claims of regulation without proof (South Africa FSCA, Hong Kong license)
❌ Contradictory and misleading jurisdiction statements
❌ Anonymous Wealth Managers with no accountability
❌ Guaranteed returns via staking and profit-sharing pools
❌ Use of crypto buzzwords to confuse average investors (AI-driven insights, social finance, PAMM models)
❌ Referral program with up to 300% commissions
❌ Heavy reliance on marketing, not trading
❌ Fine print allows asset seizure, account suspension, and denial of withdrawals at any time
They even prohibit U.S. citizens and users from South Africa and Saint Vincent and the Grenadines — two of the very jurisdictions they operate in.
The Classic MLM Bait-and-Switch
Just like countless scams before it, Protocol Yield uses an MLM-style recruitment system, promising up to 50% of their “success fee” for referring new victims. With boosted commissions of up to 300%, the platform isn’t hiding its true engine of growth — recruitment, not trading.
And as we all know, when recruiting slows down, the entire house of cards collapses.
What’s Next? The Exit Scam
With no real product, no transparent trading history, and no safeguards for investors, Protocol Yield is likely preparing for its exit scam. That could mean:
- A “technical maintenance” phase where withdrawals are paused
- A sudden token dump that wipes out stakers
- Or simply a full shutdown of the site, taking millions in investor funds with it
Final Thoughts: Protect Your Wallet, Protect Your Family
The worst part of scams like Protocol Yield is the impact they have on ordinary families. Retirees, single parents, hard-working immigrants — they’re the ones lured in by promises of “safe returns” and “passive income.” They’re the ones who lose their life savings so that a few anonymous scammers can line their wallets.
Don’t let that happen.
Do not trust Protocol Yield. Do not trust their anonymous managers. And do not believe their polished lies.
This is not a revolutionary platform. It’s the same Ponzi scheme we’ve seen a thousand times — just with a new logo and a fresh coat of Web3 paint.
Danny de Hek
The Crypto Ponzi Scheme Avenger
If you’ve lost money to Protocol Yield or know someone promoting it, reach out. It’s time to hold these scammers accountable — publicly, loudly, and relentlessly.
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