On August 5, 2025, Chile’s Financial Market Commission (CMF) issued a fraud warning against Iyovia, identifying it as an unregistered investment platform operating in violation of Law No. 21,521 (Fintech Act). The CMF’s alert, published on its website, states that Iyovia is not authorized to offer investment services to Chilean residents. This aligns with prior CMF actions against unregulated entities, such as charges against Credifinanzas and others for alleged fraud. X posts from @ChileCryptoNews amplified the warning, urging investors to verify platforms via cmfchile.cl.
Iyovia, formerly IM Mastery Academy and iMarketsLive, collapsed on May 23, 2025, following a Federal Trade Commission (FTC) lawsuit filed on May 1, 2025, alleging a $1.2B fraud scheme. The FTC accused co-owners Christopher Terry and Isis Terry, along with promoters Jason Brown, Alex Morton, Matthew Rosa, and Brandon Boyd, of deceptive practices targeting young adults, particularly Black and Latino consumers, with false promises of wealth. By June 2025, Iyovia failed to meet financial obligations, and the Terrys became non-responsive. The four promoters settled, agreeing to permanent injunctions, while proceedings against Iyovia and the Terrys continue.
The CMF’s warning follows its broader crackdown on unregistered platforms, including InvestMarkets and DirectTrader, emphasizing the need for investors to check registration status. Iyovia’s scheme, reliant on MLM training and social media hype, mirrors global fraud trends, with 21 international agencies, including France and Spain, issuing prior warnings. X posts from @CryptoLawyerz highlight Iyovia’s collapse as a cautionary tale for unregulated crypto schemes. Investors face significant risks, as Iyovia’s operations left most participants with losses.
Verify platforms via cmfchile.cl and sec.gov to avoid unregistered schemes like Iyovia. Bitcoin (BTC) ($113,234) and Ethereum (ETH) ($4,070) remain stable, per CoinMarketCap, but altcoin trust is shaky post-Iyovia. Diversify into USDC or ETH with stop-losses below BTC’s $112,000, per TradingView. Follow @TheBlock__ on X for updates. Chile’s Fintech Act enforcement could deter scams, but investors must prioritize regulated platforms to avoid losses. The FTC case may lead to $500M+ in consumer redress by 2026 if the Terrys are held accountable.
