On October 16, 2025, Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) issued a fraud warning against SageMaster, accusing it of offering unlicensed DeFi staking and AI-based trading tools via sagemaster.io, per. The CSSF highlighted false claims by promoters targeting young audiences on social media, falsely stating SageMaster is supervised by the regulator, per. DeFi staking, involving crypto deposits for returns, requires CSSF authorization under Luxembourg’s financial laws, which SageMaster lacks, per. X posts from @CryptoLawyerz warn of high risks in forex and CFD trading, where most retail investors lose money, per.
SageMaster is an MLM pyramid scheme operated by Be Club, founded by Monir Islam, Moynul (Moyn) Islam, and Ehsaan Islam from Dubai, per. The Islam brothers, former OneCoin promoters, rebranded from Melius in 2020, per. SageMaster promises passive returns via AI trading, but lacks audited reports or registration, constituting securities fraud, per. A website disclaimer on “lootboxes” ignores the unregistered investment solicitation, per. Be Club requires subscriptions for MLM participation, paying on recruitment, per.
Be Club has faced fraud warnings from Colombia (2022), Norway (2023), Uruguay (2023), Philippines (2023), New Zealand (2024), and Ontario (2025), per. SageMaster traffic is 51,800 monthly visits, mainly from Italy (47%), Japan (30%), and Spain (5%), per. Be Club sees 13,500 visits, with Italy (69%), Colombia (13%), Switzerland (10%), and Canada (10%), per. Moynul Islam downplayed warnings in January 2025 as “common fines,” per. X posts from @antiMLM note targeting vulnerable groups, per.
SageMaster and Be Club risk total loss, mirroring OneCoin’s collapse, per. Verify services via cssf.lu or sec.gov, per. Bitcoin (BTC) ($113,234) and Ethereum (ETH) ($4,070) are stable, per CoinMarketCap, but avoid MLM schemes. Diversify into USDC or ETH with stop-losses below BTC’s $112,000, per TradingView. Follow @TheBlock__ on X for updates. CSSF’s warning may prompt EU-wide scrutiny, per.
