Originally known as the "Mercury Mutual Fund" (Меркурий Взаимный Фонд), the scheme was founded by Dmitry Vasilevich Vasadin and was highly active in Russia and Ukraine around 2013. It promised participants weekly returns of up to 7%. After the original fund collapsed, it was rebranded and relaunched as "Mercury Global," shifting its focus to cryptocurrencies like Bitcoin and Ethereum to attract a global audience. The model remained a classic Ponzi scheme, where returns for earlier investors were paid using the capital from new investors, without any legitimate underlying business or investment activity. The system eventually collapsed, leading to significant financial losses for its participants.

Founded in

United Kingdom