On December 4, 2025, Blockchain Sports, a spinoff of the collapsed Daisy Global Ponzi scheme, launched JGGL (pronounced “jiggle”), an AI-powered music generation app. Users input prompts to create “AI slop music” via bots of unknown origin, paying fees for actions like generation and sharing. The app integrates with $JGGL tokens for transactions, but details on its cryptocurrency status are undisclosed. This marks Blockchain Sports‘ fourth reboot, following failed tokens SPORTS, FTBLL, and ATLA, targeting existing investors who have already suffered losses. X posts from @CryptoScamWatch labels it a “desperate cash grab.”
Behind the app’s facade, Blockchain Sports is selling unregistered virtual shares in JGGL as “founder packs” for up to $100,000 per. These packs, marketed exclusively to prior investors, promise ownership stakes, constituting securities fraud as Blockchain Sports lacks registration in any jurisdiction.n The MLM structure features a seven-level unilevel commission plan: 10% on level 1 recruits, 5% on level 2, and 2% on levels 3–7, per. Additionally, 5% of pack volume feeds the Legends Pool, where promoters earn shares after generating $500,000 in downline investments ($1M for three shares), per. Without retail sales, it operates as a pyramid scheme.
Run by convicted fraudster Dmitriy Saksonov (aka Dima Saksonov), Blockchain Sports emerged in late 2023 as part of Jeremy Roma‘s Daisy Global Ponzi, which collapsed four times, per. JGGL coincides with Daisy’s fifth reboot, using an AI trading bot ru.se Saksonov’s schemes, including NFT Ponzi iterations, have evaded regulators, with Blockchain Sports‘ website traffic at 2,900 monthly visits (mostly Belarus 56%, U.S. 29%, Germany 15%), per. No SEC or TSSB updates on related settlements, but Heit’s GSPartners talks suggest broader scrutiny.
JGGL’s launch highlights MLM crypto dangers, with $1B+ in Daisy losses, per. Bitcoin (BTC) ($91,119) and Ethereum (ETH) ($3,112) remain stable, per CoinMarketCap, but such schemes erode trust. Verify apps via sec.gov and avoid unregistered investments, per. Diversify into USDC or ETH with stop-losses below BTC’s $80,000, per TradingView. Follow @TheBlock__ on X for updates. JGGL’s revenue is negligible, likely leading to a collapse like its predecessors.
