BitHarvest Collapses: Dubai Escape & FTT Token Exit-SCAM Now in Motion

The BitHarvest Ponzi scheme has officially collapsed — and right on cue, withdrawals are disabled, Dubai flights are being booked, and a brand-new “FTT token” exit-scam has arrived to rinse whatever money is left on the table.

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Alright back to the BitHarvest news update…

The Collapse: “Boosters Are Broken” & Withdrawals Disabled

According to multiple BitHarvest investors, withdrawals suddenly stopped working this week — with support claiming the Bitcoin v30 Core update magically broke the payout system.

Investors were never told this was even possible… probably because it wasn’t.
It’s just the classic Ponzi excuse: “Oops — tech issues! Just wait!”

Meanwhile, BitHarvest quietly locked down its social media, nuked its YouTube channel, and ghosted Telegram support.

Which tells us everything we need to know:
They didn’t lose their boosters — they lost their exit liquidity.

The Faces Behind the Ponzi

BitHarvest was fronted by “CEO” Logan Lee — played by Singaporean actor Steve Ng, because hiring real executives is too expensive when you can hire cosplayers.

Alongside him was a Malaysian scam team led by Jaz Pee, who appeared in promo videos hyping the illusion of “global momentum.”

But when things started falling apart, two spinoff schemes quietly popped up:

• BitBull → now offline

• BitFarming → website still up, but no traffic for months

When scammers start launching backup scams, it’s never innovation — it’s evacuation.

The Dubai Plan — The MLM Criminal Capital of Earth

On November 5th, BitHarvest announced they were relocating to Dubai.
That’s code for: “We are running from authorities & Dubai doesn’t extradite us.”

Dubai has become THE shelter for MLM scam operators — including UBIT Exchange, Daisy, Limitless, AX Trading, Omegapro, and dozens more.

The BitHarvest team didn’t even wait to make it subtle. They killed withdrawals, removed support, wiped their channels… then booked the one-way tickets.

Enter the FTT Token — The Post-Collapse Exit Scam

On November 20th, a man calling himself “Desmond — VP of BitHarvest Academy” appeared in a video announcing the next phase:

BTH tokens (now worthless) will be swapped into a new worthless token called FTT — Future Trade Token.

They claim it’ll be launched via a DAO and “world-class trading engine” through Ubit Exchange — the same collapsed Boris CEO Ponzi previously exposed.

The strategy was explained openly — and brutally — by Desmond:

“If I buy BTH and you buy BTH and we just trade between ourselves… the price stays the same. Now we need new secondary individuals so they will be our exit-liquidity.”

That’s not an investment strategy.
That’s a confession.

Why They’re Pretending It Hasn’t Collapsed (Yet)

Scammers love to pretend a project is “restructuring” rather than “dead” — because the longer people believe there’s hope, the less likely they are to:

• report them to authorities

• file chargebacks

• start lawsuits

• expose stolen funds

Every day of silence is another day the scammers move money into harder-to-trace wallets and settle comfortably in Dubai’s “no-questions-asked” financial system.

This is not a “recovery phase.”
It’s a clean getaway.

Victim Statistics: Who Got Hurt

At its peak, BitHarvest was pulling 502,000 monthly visits (October 2025).
Top countries hit:

Before collapse, BitHarvest received official securities fraud warnings from:

• California

• Russia

• The Netherlands

U.S. regulators specifically cited Jan Gregory Cerato, a serial promoter who vanished from social media in October. He reportedly moved back to Dubai, after being fined for tax fraud in Canada in 2022.

Final Verdict

BitHarvest isn’t being rebooted.
It isn’t migrating.
It isn’t restructuring.

It’s over — and the FTT token is nothing more than the final shovel to bury what’s left of investor funds.

If you hear the words DAO, FTT, Ubit Exchange, Future Trade Token, or booster upgrade…
just know:

The only thing being upgraded is the scammers’ lifestyle.

New token. Same scam. Same ending.

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