Regulatory concerns are raised, including Malta’s MFSA warning in July about DistributeX-type entities lacking authorization, while Montenegro’s authorities have not publicly addressed the platform.

Claims of EU MiCA and FATF compliance surfaced to justify fundraising and payments, including supposed KYC verification and on-chain interactions, with salaries reportedly intercepted or reversed when verification lagged.

DistributeX operated through informal recruitment networks with initial investments and tasks, offered VIP levels and easy earnings, and even opened an office in Podgorica without a registered Montenegro entity.

DistributeX, a Montenegro-based platform promoting promised easy profits, has shut down its WhatsApp group and other channels, leaving many investors with losses and unpaid funds.

The platform’s alleged model requires a 256-euro join fee, five daily cryptocurrency clicks, and recruitment of new members who also pay, with escalating payments to reach higher VIP levels; cybersecurity experts classify it as a cryptocurrency job scam, aligned with FBI labeling.

Earlier reporting from Vijesti noted high-risk, crypto-fraud-like characteristics and warned experts about potential scams associated with DistributeX.

Administrators signaled a new DX Coin crypto scheme, offering a limited 100 million DX tokens with early participant bonuses and promises of future access to a DXCoin platform.