The MetaHub Finance saga was a multi-level marketing (MLM) crypto Ponzi scheme built around the MEN token. Led by CEO James Ross Croyle, a U.S. national reportedly based in Singapore, the operation pivoted from tech to crypto fraud post-2021. Despite its Singapore ties, evidence pointed to Vietnam as the operational hub.
Key Events Leading to Collapse
- September 2, 2024: BehindMLM reviewed MetaHub Finance, exposing its questionable practices.
- September 9, 2024: Vietnamese media began reporting on the scheme’s fraudulent nature.
- September 23, 2024: The Ponzi’s marketing claims were debunked by Vietnamese media.
- Late September to Early November 2024: MetaHub Finance collapsed.
The Reboot: MetaHub Global
The scheme relaunched as MetaHub Global on the domain “metahub.global,” registered on November 23, 2024, to Dennis Poh Wei Song of Auralink Labs PTE LTD in Singapore. This reboot collapsed within months.
The Third Attempt: DAC Platform
Now operating as DAC Platform, with Croyle still as CEO, the scheme uses two domains:
- dac.global (registered March 31, 2025)
- dac.community (registered November 13, 2024)
DAC Platform employs a “gaming” narrative with terms like “MetaCitizens,” “XP,” and “daily tasks.” It promotes:
- MetaMinting: Staking MEN tokens for 0.1% to 0.6% daily returns via a Web3 smart contract.
- Node Investment: An unregistered scheme promising up to 0.6% daily returns.
Current Status
As of April 2025, DAC Platform’s website saw only ~465 monthly visits, all from Indonesia, likely former MetaHub investors. Ponzi reboots rarely succeed, and DAC Platform appears to be on its last legs.
Takeaway
The MetaHub Finance saga underscores the risks of crypto Ponzi schemes. Investors should exercise caution and verify claims before participating in similar ventures.