On August 17, 2025, Blockchain Sports, a spinoff of the Daisy Global Ponzi scheme, announced the launch of its ATLA token on the MEXC exchange at 8:00 UTC, per. Marketed as the successor to failed tokens SPORTS and FTBLL, ATLA has been used to pay Limitless investors since Blockchain Sports emerged in early 2024, per. The announcement raises fears of an exit-scam, with allegations that Daisy insiders and Blockchain Sports owners may dump tokens before retail investors, following a classic Ponzi pump-and-dump model, per. X posts from @CryptoLawyerz warn of ATLA’s potential collapse, per.
Blockchain Sports claims MEXC is a “respected” exchange, but regulatory warnings from Japan, Ontario, Malaysia, Spain, Hong Kong, Quebec, British Columbia, Austria, UK, and Germany highlight MEXC’s history of fraud and unlicensed operations, per. A 2024 Hong Kong SFC alert flagged a fraudulent entity mimicking MEXC, luring victims via social media, per. MEXC blocked 70,000+ scam attempts in Q2 2025, per, but its listing of ATLA raises concerns about vetting processes, per.
Limitless, the MLM arm of Blockchain Sports, has negligible website traffic, per. Blockchain Sports’ site records 2,900 monthly visits, primarily from Belarus (56%), U.S. (29%), and Germany (15%), per. Stemming from Daisy Global, a Ponzi scheme rebooted multiple times, Blockchain Sports’ shift to ATLA on MEXC suggests an attempt to liquidate tokens before collapse, per. The SEC and DOJ scrutiny of similar MLM crypto scams like Forsage ($340M losses) underscores the risks, per.
Investors should avoid ATLA due to its Ponzi ties and MEXC’s regulatory issues, per. Verify platforms via sec.gov or BaFin’s database at bafin.de, per. Bitcoin (BTC) ($117,939) and XRP ($2.29) remain stable, per CoinMarketCap, but ATLA’s launch could harm DeFi trust. Diversify into USDC or ETH ($4,448) with stop-losses below BTC’s $112,000 to hedge volatility, per TradingView. Follow @TheBlock__ on X for regulatory updates. ATLA’s potential dump may mirror Forsage’s collapse, per, urging caution in 2025.
