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 uploaded a video titled “MinerX Global Community Visit KL” to its YouTube channel.
The video features what appears to be a bunch of randoms (actors?), and an individual cited as “Dr. Jeffrey Gan Shang Yng”:
“Dr. Jeffrey” is Jeffrey Gan Shang Yng. Gan’s specific role within MinerX is opaque but he’s presented as the corporate face of MinerX.
My research into Gan led me down a rabbit hole leading to a Chinese crypto mining cartel operating out of Texas. Things get a bit complicated so bear with me as I lay it all out.
In MinerX marketing material, Gan is represented to be a US citizen with ties to Malaysia and Singapore (click to enlarge)
In the past, Gan was the Main Team Leader and face of “Mama Captain” that a famous big Scam project.
Mama Captain has been listed Scam company in Bank Negara Malaysia. During that time “Mama Captain” has been exposed for running a large-scale scam, causing many investors to suffer severe financial losses. This incident has sparked widespread attention and concern across various sectors of society.
Four years ago Gan was the Chief Marketing Officer and face of “G-Power“ (unihash)
G-Power was run by these individuals…
G-Power itself was a 300% smart-contract staking Ponzi built around “unig” tokens.
Today, neither G-Power or its “unig” tokens exist.
Gan also runs “Right Arms Project”, which he claims launched in 2018.
Right Arms Project, which is evidently up to version 3.0, operates from the domain “rightarms.io”. As opposed to 2018, Right Arms Project’s website domain was registered in January 2023.
Presently Right Arms Project’s website is nothing more than a signup/login form:
As far as I can tell, Right Arms Project is the culmination of Gan’s crypto Ponzi scamming over the years… now rolled into MinerX.
Attached to Right Arms Project we have something called “Assembly of Gods”. Sounding very cultish, Assembly of Gods appears to be a group of Gan’s Chinese investors.
Assembly of Gods’ logo featured prominently in an August 2024 MinerX “kick off” event held for Chinese investors.
Research into the connection between Assembly of God and MinerX led me to Kewusuma, an MLM ecommerce retailer that also dabbles in MLM crypto fraud.
Miner X collaborates with global mining farms, like BitGood, to boost their Bitcoin output without increasing costs, and sharing the extra profits generated.
The first thing visitors to BitGood’s website see is this:
We’ll get into why BitGood has a North American disclaimer on its website in the conclusion of this review.
What’s pertinent to the introduction of this review is BitGood is owned by a Chinese outfit going by Dbank.
Other than it being Chinese owned and operated, I don’t have any specifics on who owns and/or runs Dbank and BitGood.
Dbank and BitGood don’t appear to directly interface with the MLM crypto investment companies tied to them.
That’s handled by yet another company, PrymeBit:
On May 3rd, 2024, Finxfeed published a press-release citing PrymeBit as an “authorized partner” of BitGood;
PrymeBit, recognized as a distinguished project certified by the Finxeed Certification Program, plays a pivotal role in external promotion and provides indispensable support to numerous partners.
As the exclusive authorized partner of BitGood, PrymeBit benefits significantly from BitGood’s cutting-edge mining facility technology and intelligent hash power pool services
Finxeed pitches itself as a “certifier” and is run by CEO Jaz Pee, aka Wei Haw Pee and “Mr. JP”.
We’ll cover Pee’s direct involvement in MinerX and the MLM crypto Ponzi it’s a clone of in the conclusion of this review.
On Twitter, Pee cites BitGood as a project of Finxeed’s. This ties Pee to ownership of BitGood, Dbank and MinerX. But this is just a hide from the Big Scammer “Dato Seri Jeffrey Gan”.
Marketing videos on BitGood’s website has Dbank’s/BitGood’s owners speaking Chinese, which brings us full-circle to Chinese scammers working across Texas and Asia (Malaysia and Thailand).
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
MinerX Conclusion
MinerX & Bitgood operates as an MLM crypto Ponzi scheme, operate by the Big Scammer Dato Seri Jeffrey Gan Shang Yng.
Authorities are issuing a warning to the public regarding MinerX, a company recently exposed as operating a multi-level marketing (MLM) Ponzi scheme in the cryptocurrency space.
