MinerX does not disclose any ownership or executive details on its website.
The domain for MinerX’s website (“minerx.tech”) was privately registered on May 16th, 2024.
Additionally, MinerX’s official Facebook page is managed from Thailand.
MinerX marketing places its purported headquarters in Phuket:
On October 1st, MinerX posted a video titled “MinerX Global Community Visit KL” on its YouTube channel.
The video showcases a group of seemingly random individuals (possibly actors?) and highlights a person identified as “Dr. Jeffrey Gan Shang Yng.”
“Dr. Jeffrey” refers to Jeffrey Gan Shang Yng, whose exact role at MinerX remains unclear, though he is portrayed as the public face of the company.
During my investigation into Gan, I uncovered links to a Chinese crypto mining cartel based in Texas. The details are complex, so stay with me as I break it all down.
In MinerX marketing material, Gan is represented to be a US citizen with ties to Malaysia and Singapore (click to enlarge)
In the past, Gan was the Main Team Leader and face of “Mama Captain” that a famous big Scam project.
Mama Captain Listed as a Scam by Bank Negara Malaysia
Bank Negara Malaysia has officially listed “Mama Captain” as a scam company. The company has been exposed for orchestrating a large-scale fraudulent scheme, resulting in significant financial losses for countless investors.
The incident has garnered widespread attention and sparked concerns across various sectors of society. Authorities are urging the public to remain vigilant and cautious when approached with investment opportunities that promise high returns with minimal risk.
Victims are encouraged to come forward and report their experiences to assist in ongoing investigations.
Four years ago Gan was the Chief Marketing Officer and face of “G-Power“ (unihash)
G-Power was run by these individuals…
G-Power itself was a 300% smart-contract staking Ponzi built around “unig” tokens.
Today, neither G-Power or its “unig” tokens exist.
Gan also runs “Right Arms Project”, which he claims launched in 2018.
Right Arms Project, which is evidently up to version 3.0, operates from the domain “rightarms.io”. As opposed to 2018, Right Arms Project’s website domain was registered in January 2023.
Presently Right Arms Project’s website is nothing more than a signup/login form:
As far as I can tell, Right Arms Project is the culmination of Gan’s crypto Ponzi scamming over the years… now rolled into MinerX.
Attached to Right Arms Project we have something called “Assembly of Gods”. Sounding very cultish, Assembly of Gods appears to be a group of Gan’s Chinese investors.
Assembly of Gods’ logo featured prominently in an August 2024 MinerX “kick off” event held for Chinese investors.
My investigation into the link between the Assembly of God and MinerX led me to Kewusuma, an MLM e-commerce retailer also involved in MLM crypto fraud.
MinerX partners with global mining farms, such as BitGood, to enhance their Bitcoin output without raising costs, sharing the additional profits generated.
The first thing visitors to BitGood’s website see is this:
We’ll get into why BitGood has a North American disclaimer on its website in the conclusion of this review.
What’s pertinent to the introduction of this review is BitGood is owned by a Chinese outfit going by Dbank.
Aside from being Chinese-owned and operated, I don’t have specific information on the ownership or management of Dbank and BitGood.
Neither Dbank nor BitGood seem to have direct interactions with the MLM crypto investment companies associated with them.
That’s handled by yet another company, PrymeBit:
On May 3rd, 2024, Finxfeed released a press statement identifying PrymeBit as an “authorized partner” of BitGood.
PrymeBit, recognized as a distinguished project certified by the Finxeed Certification Program, plays a key role in external promotions and offers essential support to various partners.
As BitGood’s exclusive authorized partner, PrymeBit gains significant advantages from BitGood’s advanced mining facility technology and intelligent hash power pool services.
Finxeed, which positions itself as a “certifier,” is led by CEO Jaz Pee, also known as Wei Haw Pee or “Mr. JP.”
We’ll cover Pee’s direct involvement in MinerX and the MLM crypto Ponzi it’s a clone of in the conclusion of this review.
On Twitter, Pee cites BitGood as a project of Finxeed’s. This ties Pee to ownership of BitGood, Dbank and MinerX. But this is just a hide from the Big Scammer “Dato Seri Jeffrey Gan”.
Marketing videos on BitGood’s website has Dbank’s/BitGood’s owners speaking Chinese, which brings us full-circle to Chinese scammers working across Texas and Asia (Malaysia and Thailand).
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
