Is Jubilee Group a scam?
Multi-brand Ponzi operation that rebranded across at least four front companies (Jubilee Ace, Jenco, GTR, 3Key-Lyra) between 2017 and 2022. Coordinated promotions targeted retail crypto investors in South Korea, Southeast Asia, and Europe. Aggregate losses reported to Europol exceed USD 257 million across 2,232 confirmed victims. Investigation by DefendMe Global is ongoing.
| Status | collapsed |
|---|---|
| Category | ponzi |
| First observed | 2017-01-01 |
| Collapsed | 2022-08-01 |
| Reported victims | 2,232 |
| Estimated losses | $257,438,701 |