AirBit Club
A global multi-level-marketing 'crypto mining/trading' club (2015–2020) that the U.S. DOJ says was a ~$100M Ponzi scheme. Members saw fake on-screen 'profits' they could not withdraw. Founders and promoters pleaded guilty; co-founder Rodriguez was sentenced to 12 years.
Also known as: AirBit Club, Pablo Renato Rodriguez, Gutemberg Dos Santos
Summary
AirBit Club marketed itself from 2015 as a multi-level-marketing cryptocurrency "mining and trading" club promising guaranteed daily returns. The U.S. DOJ says it was a Ponzi scheme that defrauded victims of about $100 million; no actual mining or trading took place, and members could not withdraw their fake on-screen "profits". [1][2]
Outcome
Co-founders Pablo Renato Rodriguez and Gutemberg Dos Santos, several promoters, and an attorney pleaded guilty to fraud and money-laundering conspiracies. In 2023 Rodriguez was sentenced to 12 years and others to terms ranging from about a year upward; the U.S. has forfeited assets to compensate victims. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Sources (2)
See also
World Liberty Financial (WLFI) — Justin Sun token freezeProjectsWLFI, a DeFi project linked to Donald Trump and his family, blacklisted/froze the wallet of major investor Justin Sun in Sept 2025 — ~540–595M unlocked WLFI tokens (~$107M) plus ~2.4B locked. Sun sued, alleging an undisclosed admin 'blacklist backdoor'; WLFI denied it and threatened a countersuit. The dispute is ongoing.
Gala Games exploitTokensOn May 20, 2024 an attacker abused a privileged minter account on the GALA token contract to mint 5 billion GALA (≈$200M+ nominal) and dumped ~600M of them for ~$22M of ETH before Gala froze the address. Gala Games called it an internal access-control failure; the attacker later returned the ~$22M.
This page was last updated on Jun 15, 2026. View revision history.
