Quinex Implodes — and Now They Want You to “Recover” Through Coinage Bits

The Ponzi died. The reboot is worse. And the excuses? Oscar-worthy.

If you ever needed proof that Ponzi scammers don’t retire — they just open the same shop with a slightly different sign — look no further than Quinex, which has now completed the official MLM grift cycle:

1. Promise impossible returns

2. Disable withdrawals

3. Blame a mysterious “technical event”

4. Disappear

5. Relaunch as a new scam and pretend it’s the solution

And this time?
The “new solution” is something called Coinage Bits, which sounds like the name of a children’s cartoon about blockchain safety — not a financial recovery service.

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The Collapse: Quinex Does the Classic “Firewall Attack” Dance

Around November 20th, Quinex stopped processing withdrawals — which in Ponzi language means, “We ran out of victims.”

But instead of admitting that the operation folded like a garage-sale lawn chair, Quinex released the finest Hollywood scriptwriting money can not buy. According to them:

A “firewall attack” simultaneously shut down:

• All withdrawals

• All deposits

• All operations

• All transparency

• And apparently, all accountability

The official message, boiled down, reads like it was generated by ChatGPT while falling down a flight of stairs:

“Technical experts secured all funds.
Everything is encrypted.
The server is closed.
Please do not look at anything.
Move all activity to the partner website.”

The “partner website,” of course, being Coinage Bits — the recovery scam nobody asked for.

And in the middle of all this chaos, Quinex quietly deleted:

• Their official YouTube channel

• Their hosted marketing videos

• Any remnants of Sebastian Abrego, the fictional CEO

If you looked up “digital crime scene cleanup,” this would be the example photo.

The Reboot: Coinage Bits — Because Losing Money Once Wasn’t Enough

Coinage Bits, operating from coinage-bits.ltd, was registered in July 2025 — long before Quinex collapsed. Translation:
This reboot was sitting on a shelf waiting for the moment Quinex inevitably died.

Coinage Bits’ compensation plan is beautifully simple:

• 8% referral commissions

• On one level

• No product

• No utility

• No proof of trading

It’s the MLM equivalent of someone handing you a cardboard box and saying, “Trust me, it’s a Ferrari.”

And the best part? Quinex claims your same login credentials will now magically work on Coinage Bits.

There are only two ways that’s possible:

1. It’s the exact same scammers running both sites, or

2. The Quinex operators sold all your data to another scam ring

Either way, you’re not “recovering funds.”
You’re buying round two of the same disaster.

The Investor Demographics: Mostly Americans, Mostly Targeted

At collapse, SimilarWeb showed Quinex traffic was:

• 94% United States

• 6% India

That means the scammers were heavily focused on American victims — which explains the fake CEO named “Sebastian Abrego,” who sounds like someone pulled from a Fox Business segment.

How many investors lost money?
Unknown.

How much money was collectively lost?
Also unknown.

But based on traffic size and Ponzi math, it’s safe to assume the financial equivalent of a small town just evaporated.

The Pattern: When One Scam Dies, Another Is Born

This entire Quinex → Coinage Bits transition is straight out of the Ponzi playbook:

• Disable withdrawals

• Blame hackers, maintenance, or cosmic rays

• Delete social channels

• Register new domain

• Call it a “partner platform”

• Tell victims the new site is for “recovery”

• Restart the cycle

Scammers don’t innovate.
They recycle.

Final Verdict

Quinex didn’t “suffer a firewall attack.”

Quinex didn’t “secure funds.”

Quinex didn’t “partner with Coinage Bits.”

Quinex collapsed — just like every other crypto MLM that promises returns powered by imaginary CEOs and rented office photos.

Coinage Bits is not a recovery service.
It’s a second-stage feeding frenzy — one designed to wring the last drops of cash out of already-burned investors.

If you get an invitation to “recover” through Coinage Bits, the correct response is:

Close your browser, call your bank, and tell every family member over 50 not to sign up for anything with “Bits” in the name ever again.

Because in this industry, recovery platforms don’t recover anything.

They just finish the job.

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