Obtanix – The Definition of the Pyramid Scheme

This Obtanix review reveals that the platform is essentially a gold-pegged crypto MLM Ponzi scheme, propped up by unrealistic ROI promises and classic pyramid-style recruitment red flags.

Last updated: April 27, 2025

Obtanix is a scam posing as a gold-backed cryptocurrency project, but in reality, it’s a Ponzi-style MLM scheme built on false promises of high returns and unverified claims. There’s no proof of the gold reserves or real investments, and the entire setup relies on recruiting new investors. Stay away from Obtanix. 

Here’s Our Review in Brief: What You Need to Know

Unmasking Obtanix: The Truth Behind Their Gold-Backed Crypto Claims

At first glance, it is sort of difficult to tell what Obtanix is about, but at closer inspection, the true nature of their offer is revealed, accompanied by a plethora of red flags popping up left and right, and too-good-to-be-true promises, some of which cross right into the realm of the ridiculous.

Obtanix is essentially an MLM (Multi Level Marketing) operation, based on the Ponzi model, which masquerades as a cryptocurrency startup. The company promises to launch its own cryptocurrency called Xenos, every single unit of which is apparently backed by a gram of gold, stored in some “guaranteed” vault in Dubai, Switzerland, or Hong Kong. While this gold-peg angle is brought up repeatedly during the various presentations on the pages of the website, there is absolutely no solid proof delivered in this regard. We should believe the company has access to all this gold, simply because they say so.

Leaving aside the fact that basing a mineable cryptocurrency on the gold standard would be hardly practical, the whole concept sounds truly ludicrous in Obtanix’s take.

The operation was launched in February 2017, and considering how quickly ICOs move these days, it is something of a surprise that it still hasn’t launched its vaunted, gold-based Xenos yet. Then again, while the currently running pyramid scheme works as it is supposed to, there’s not much point in moving on to phase two of the swindle.

What Exactly Does Obtanix Offer You?

Obtanix has concocted a very intricate scheme, based on the continuous infusion of investment from newly hooked investors. The heart and soul of the operation is its 4-tiered membership package scheme, which currently promises 2.5-5% returns on investments on a weekly basis. That would add up to 10-20% per month, which is indeed the definition of too-good-to-be-true.

Apparently, these unrealistic returns result from the various investments the site makes in the cryptocurrency scene. This vague and generic explanation will have to suffice, because we are not offered anything else in this regard on the site.

In addition to this ROI, Xenos units (worthless, despite the gold-based hype) and fast-track bonuses are awarded, too. The fast-track bonus is the last piece of the pyramid scheme, which falls promptly into place. It is essentially a reward that participants get for referring other investors. The differential fast-track bonus is what holds the pyramid together over several referral levels.

The Basic membership package costs $100, and it comes with a single Xenos unit, plus a 5% fast-track bonus rate.

The Starter package costs $500, offering the same ROI, but better fast-track bonuses and more Xenos. In fact, as the tiers go up, only the fast-track bonuses and the Xenos quantities increase, in yet another proof that we are indeed dealing with a pyramid scheme here. The Advance account costs $2,500 and the Premium one, $10,000.

Should You Trust Obtanix?

No. It has all the makings of a Ponzi scheme, and it would indeed be a major surprise if it turned out to be anything else. Even the way the site is constructed raises a number of red flags.  

Question Marks and Red Flags

Question marks and red flags abound throughout the project, from the visual material used for the homepage, all the way to the lack of evidence concerning crypto mining, investing, and the gold angle. We never find out much about the team/corporate entity behind the project either, and the name of the main “perpetrator” seems entirely made-up.

The way the homepage tries to make us think that Sir Richard Branson and Bill Gates are invested in the scheme is frankly quite pathetic.

Another red flag is raised by the ticker used to showcase the newly signed-up investors. According to it, only people from India register with the Ponzi scheme.

Again, the only conceivable source of revenue the operation currently has, which can actually be backed up with proof, is the income stream resulting from investor contributions. This also explains why the sale of these membership packages seems to be the primary concern of the operation.

Obtanix Support

The company allegedly behind the project is Obtanix Holdings ApS, based at Lyngbyvej 13, 2100 Copenhagen, Denmark. The contact email is info@obtanix.com. There’s an email form available for contact purposes too.

The domain was registered in August 2016, and the person who is listed as the owner is Obtanix Holding’s Darin Hadwin.

Real Victim Report

A case we recently referred involved a victim who lost over $3,000 after converting USD into Bitcoin in February 2017. The victim opened two accounts with Obtanix and was left unable to access their funds. This case further confirms the fraudulent nature of Obtanix and highlights the severe financial harm it caused.

Obtanix Review Conclusion

Obtanix is a rather obvious Ponzi scheme, which is looking to repeat the success of other similar schemes, such as Bitconnect. Its execution is way too sloppy, though, so not many people are likely to fall for the pitch. Xenos is probably intended to be another pump-and-dump vehicle, but the way things are looking right now, it may never get there.

Review Verdict: Obtanix is a SCAM!

Warning: Avoid Obtanix.com — Identified as a Scam Site

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