Nimbus

Nimbus is one of those crypto “innovations” that seems more interested in resurrection than redemption. When I first encountered it, I had to check the date to make sure I wasn’t reading a recycled script from the annals of MLM-Ponzi scams past. But no—Nimbus is alive and well, promising slick returns of 100% annually through NFTs and staking mechanisms that are as murky as they are mathematically absurd. What really piqued my interest wasn’t just the outlandish claims or the high turnover of “executives”—it was the suspicious effort to censor critical reports and bury adverse media. Like a magician who keeps fumbling his tricks but insists you look the other way, Nimbus seems obsessed with controlling the narrative rather than correcting the course. And that’s exactly why I started digging.

A Brief History of Failure

Nimbus Platform burst onto the scene in August 2020, offering investors a chance to earn up to 0.5% daily returns through its NMBT tokens. As expected, the scheme collapsed within a year. Undeterred, Nimbus rebranded with NBU tokens, promising a more “modest” 7% annual ROI. When that too failed, they introduced the “Nimbus NFT Smart Staker,” boasting up to 100% annual returns through dubious staking mechanisms. Each iteration was more convoluted than the last, but the core remained the same: a Ponzi scheme dressed in crypto jargon.​

The Revolving Door of Leadership

Leadership at Nimbus is as stable as its investment schemes. Andrea Zanon, the original CEO, vanished without explanation. He was replaced by Fernando Martinho, who also disappeared shortly after. Next came Alex Lemberg, who lasted less than a year before moving on. Currently, the company’s public face is Vice President Waseem Mamlouk, but given the track record, one wonders how long he’ll stick around.​

Regulatory Red Flags

Nimbus has made grand claims about obtaining licenses from the Central Bank of Bahrain, but these are meaningless outside the tiny kingdom. Moreover, Spain’s CNMV issued a securities fraud warning against Nimbus in November 2020. Despite these warnings, Nimbus continues to operate, primarily targeting investors in Germany, Turkey, Colombia, and Spain—countries where it is not registered to offer securities.​

The Censorship Campaign

Perhaps the most insidious aspect of Nimbus is its relentless effort to erase its dubious history. After each collapse, the company rebrands, changes leadership, and launches new tokens, all while attempting to scrub negative reviews and warnings from the internet. This pattern of behavior is not just deceptive; it’s dangerous. By hiding its past, Nimbus lures in new investors who are unaware of the company’s history of failure and fraud.​

A Call to Action

It’s high time regulators take decisive action against Nimbus Platform. The company’s repeated failures, deceptive practices, and attempts to censor information pose a significant risk to investors. Potential investors should exercise extreme caution and conduct thorough due diligence before engaging with Nimbus or any of its rebranded entities. As for Nimbus, no amount of rebranding or censorship can hide the truth forever.

Conclusion

Nimbus, despite its ever-shifting facade and trail of rebranded tokens, has shown us exactly what not to trust in the world of digital finance. With its cringeworthy promises of effortless wealth, a string of failed launches, regulatory red flags, and a clear campaign to erase negative press, this platform reads like a case study in calculated deception. Every attempt to whitewash its Ponzi roots only deepens the hole it’s in. Investors deserve transparency, not smoke and mirrors. And regulators? They need to stop letting platforms like Nimbus play this high-stakes game of crypto-whack-a-mole. As far as I’m concerned, no amount of censorship can hide a scam that loud.