On December 1, 2025, Zionix Global, a Dubai-based AI trading platform, collapsed for the second time, with CEO Jenna Zwagil emailing investors to disable withdrawals unless new funds are committed, per . Zwagil blamed a “brutal downturn” since October, claiming the legacy arbitrage bot lost 40% of capital, leading to a temporary pause on trading and withdrawals for up to 60 days, per . U.S. investors are fully cut off, with a “U.S.-friendly” self-custody bot promised in 60–90 days, per . X posts from @CryptoScamAlert warn of an exit scam, noting the timing prevents holiday withdrawals.
Zionix Global is a reboot of the collapsed Zater Capital Ponzi, launched in July 2025 with Zwagil as CEO, per and . Promising AI-powered trading and crypto education, it targeted prior victims with MLM tactics, per . The Wyoming-registered shell company lacked licenses, recycling Ponzi mechanics like recruitment rewards, per . Earlier warnings from New Zealand’s FMA and Australia flagged related schemes like AkashX, per . Traffic was low (untrackable by SimilarWeb in October 2025), indicating recruitment slowdown.
To retain investors, Zionix launched NFTBot, an unregistered scheme requiring NFT purchases (5,000 units at 0.47–0.75 ETH) for access to a “high-frequency trading” bot promising up to 2% daily returns, per . Only NFTBot profits can be withdrawn normally, punishing non-participants, per . This mirrors Ponzi tactics seen in Forsage and Meta Force, per . X discussions from @BehindMLM users label it a “third collapse in waiting,” as NFT sales aim to restart the original scheme.
Zionix operates without SEC or CFTC registration, violating the Securities Exchange Act (1933) and Commodities Exchange Act (1936), per . U.S. cutoff cites “regulatory tightening,” but no such changes exist, per . Global warnings from FMA and others highlight fraud, per . Investors face total loss, with no verifiable trading, per . Bitcoin (BTC) ($94,000) and Ethereum (ETH) ($3,200) remain stable, per CoinMarketCap, but Zionix erodes DeFi trust, per. Diversify into USDC or ETH with stop-losses below BTC’s $90,000, per TradingView.
