MetaForce, Vladimir “Lado” Okhotnikov’s newest Forsage reboot, has collapsed.

Investor funds are “frozen” and Okhotnikov is stalling for time.

Three days in the past Okhotnikov (proper), boasted of MetaForce taking in “greater than 100 million DAI” from over 300,000 buyers.

DAI is a cryptocurrency stablecoin pegged to the US greenback. This implies Okhotnikov is representing MetaForce has processed over $100 million USD.

Sadly for buyers although, on the backend of MetaForce nothing is popping out.

Achievements, nevertheless, have a draw back. The variety of transactions slowed down our course of to return the frozen funds very a lot.

Okhotnikov is blaming the freeze on “WEB3”.

Such is WEB3 – it could actually become extraordinarily complicated quite a lot of issues that may be simply solved on WEB2.

Sure, it’s tough, and quite a bit needs to be redone. And reworking is rather more tough than recreating. As a result of we are able to’t undo the previous, abandon all those that have already activated the applications, and do it once more, as if nothing had occurred, though it could be a lot simpler.

Correction work is a number of occasions tougher than create new and launch. The work that we have now to do now, the return of erroneously frozen funds – it is a large main challenge, which, sadly, it’s unlikely that any of you’ll ever recognize it.

It’s unclear how a lot in “frozen” investor funds Okhotnikov is sitting on.

To maintain the gravy practice rolling, Okhotnikov has promised to share a MetaForce roadmap. Stated roadmap will lay out “the subsequent applications that (he) need(s) to launch”.

Proper now we’re implementing good concepts, and seeing how we’re dealing with the state of affairs, I perceive that with such a group we are able to create the very best merchandise available on the market.

Wherein the subsequent in line are: Royalty NFT, the UniteVerse program, along with which the IDO of our most important coin begins, then the total deployment of the Basic program with cashback tokens and NFT Basic.

We’ll additionally launch the logistics, on the finish of IDO, our Metaverse can be launched, by which we are going to implement the precept of “digital meets actuality”.

The SEC filed go well with in opposition to Okhotnikov final month. The regulator alleges Okhotnikov’s Forsage Ponzi schemes defrauded shoppers out of over $300 million.

MetaForce is Okhotnikov’s sixth Forsage reboot. MetaForce capabilities the identical because the earlier 5 Forsage reboots, however has added crypto buzzword advertising and marketing jargon.

Along with regulatory motion from the US, Russian authorities additionally issued a MetaForce pyramid fraud warning final month.

As ranked by SimilarWeb for July 2022, Russia is the highest supply of visitors to MetaForce’s web site at 26%.

The UK is a detailed second at 23%, recording a 2993% improve in visitors month on month. Georgia is available in third at 6%, up 759% month on month.

Okhotnikov relies out of Tbilisi in Georgia. Up to now Georgian authorities have taken no motion in opposition to Okhotnikov or MetaForce.