Alessio Vinassa and Multiple Crypto Projects

Alessio Vinassa is connected to a group of cryptocurrency projects that have repeatedly reinvented themselves, beginning with Lira Coin and later reappearing as WeWe Global, The Blockchain Era, Xera, and Lyopay. These ventures have often been promoted as innovative ways to earn through digital assets, yet they have raised concerns due to sudden rebrandings, disrupted payouts, and funds that became inaccessible without clear explanations. What started in 2018 as a straightforward staking model has evolved through multiple versions, each building on the last while attracting increasing scrutiny from both participants and regulators. This repeated cycle points to a deeper problem, where promises of easy returns consistently clash with unmet expectations and growing financial losses.

Alongside this network, Brazilian figure Luis Goez is widely viewed as shaping the direction of these projects behind the scenes. Over the years, thousands have been drawn in by offers of high returns on locked tokens, only to face breakdowns that trigger rapid changes and new branding. A review of public records, regulatory actions, and blockchain data reveals a concerning pattern in which expansion appears to take priority over stability, resulting in widespread frustration and disappointment for those involved.

The Origins with Lira Coin

Lira Coin launched in 2018 as a project that invited people to buy its digital currency and lock it away in exchange for promised rewards over time. Participants were encouraged to recruit others, creating a network where everyone could supposedly benefit from growing involvement. The system relied on a staking mechanism that sounded straightforward, but soon questions arose about how the rewards were generated and distributed. As more people joined, the platform gained momentum, but underlying issues began to surface when withdrawals became delayed or restricted without warning.

By 2019, Italian regulators stepped in, blocking access to Lira Coin for reasons tied to unauthorized financial activities. This action disrupted operations significantly, leaving many unable to retrieve their holdings. The project’s leaders responded by shifting focus, but the initial setup had already set a precedent for how future versions would handle challenges. Participants reported feeling stuck, with their investments tied up in a system that no longer functioned as advertised, highlighting early signs of instability that would repeat in later iterations.

The Shift to WeWe Global

In 2021, the project reemerged under the name WeWe Global, positioning itself as a fresh start with improved features for cryptocurrency use. It maintained elements from Lira Coin, such as encouraging network growth and offering returns on held assets, but added new tools like wallets and payment systems. This rebranding attracted a new wave of participants eager for opportunities in the booming crypto space, yet the core mechanics remained similar, raising doubts about whether real changes had been made.

As WeWe Global expanded, reports of payment suspensions and token value drops started to circulate. By mid-2022, the introduction of new tokens like LyoFI aimed to boost activity, but instead led to further complications when values plummeted. Participants found themselves in familiar territory, with access to funds limited and explanations from leaders vague. This phase underscored a recurring theme where growth promises outpaced actual delivery, resulting in growing frustration among the community.

Expansion and Collapse with Lyopay

June 2023 marked the launch of Lyopay, an exchange tied to WeWe Global, intended to facilitate trading and broaden the ecosystem. It included features like LyoTrade and LyoWallet, drawing in users with the allure of seamless transactions and additional earning options. The rollout was accompanied by promotions emphasizing security and innovation, but on-chain data later revealed heavy inflows without matching outflows, suggesting imbalances in how funds were managed.

The collapse came swiftly when the Lyo token crashed in early 2023, prompting a hurried pivot to a new token called LFI. Withdrawals were halted, and users struggled to recover their assets amid the chaos. Regulatory warnings from places like New Zealand highlighted concerns over the structure, which resembled unsustainable models. This period amplified the sense of unreliability, as promised expansions turned into barriers for those trying to exit.

Rebranding to The Blockchain Era

By September 2023, the initiative rebranded to The Blockchain Era, or TBE, claiming to represent a new chapter in blockchain adoption. It promised advanced tools and community-driven growth, but lasted only three months before facing shutdown pressures. During this time, platforms like LFI.io and TBE.io handled transactions, with blockchain records showing millions in USDT moving through specific addresses, often to centralized exchanges without clear returns to users.

The short lifespan of TBE left many questioning the viability of these repeated relaunches. Funds traced on Tron and Polygon networks indicated clusters of wallets forwarding assets to bridges and exchanges, with minimal evidence of reinvestment into the project. Participants experienced yet another round of locked assets and unfulfilled commitments, reinforcing a cycle that seemed designed more for survival than success.

The Rise and Fall of Xera

Following TBE’s closure, Xera emerged as the next iteration, incorporating elements from prior versions while adding ties to other platforms like Safir International. Operating through sites like xera.pro, it continued to promote investment opportunities with high yield promises. However, by 2024, regulatory alerts and user complaints mounted, pointing to patterns of withheld payments and sudden name changes.

Xera’s operations collapsed in August 2024, leading to yet another shift toward Homnifi by late that year. On-chain analysis revealed Bitcoin movements worth millions routed through addresses linked to WeWe Global, with significant portions cleaned via bridges like RenProject.io. This phase highlighted ongoing issues with transparency, as funds appeared to flow outward to exchanges like Binance and OKX, leaving participants with diminished access and growing losses.

On-Chain Evidence of Fund Mismanagement

Blockchain tracking on Polygon showed a group of 67 wallets interacting with LFI and cLFI tokens, directing about $500,000 to a cross-chain exchange called MetatDex. The total turnover reached $56 million in USDT, with half going to Binance and substantial amounts to Gate.io and OKX. Specific addresses like 0xb090cDcC7B0dEa3400487348bF7E2499f70E9231 and 0x4B3D2798B49CF29057413E6892eA36eE499CF698 were central to these movements, but the lack of corresponding returns raised red flags about where the money ultimately ended up.

On Tron, addresses tied to LFI.io, such as TM5n8DVxqFfouSfoCUYrG76komiubAaB4B, handled $3.13 million in USDT across over 4,000 deposits but only 29 withdrawals. Much of this flowed to a single address, TJwRK4WXrfptr1Dk3os6AhXCJ1S7wWPW4n, which then distributed to exchanges like Kraken and ByBit. Similar patterns on Bitcoin involved 1,063 BTC worth around $74 million from Lyopay addresses, with $15 million sent to WeWe Global wallets. These flows, totaling hundreds of millions, often passed through tools known for obscuring trails, suggesting priorities misaligned with user interests.

Regulatory Interventions and Warnings

Authorities in Italy, through CONSOB, were among the first to act in 2019 by restricting Lira Coin due to concerns over unlicensed operations. This set a tone for future interventions, as similar issues prompted alerts from New Zealand’s Financial Markets Authority regarding WeWe Global and Lyopay in 2023. These warnings emphasized the risks of platforms offering crypto products without proper oversight, urging caution amid reports of inaccessible funds.

Further actions in 2024 and 2025 targeted Xera and its successors, with bodies like the DFPI in California listing related complaints in their scam trackers. International regulators highlighted the interconnected nature of these projects, noting how name changes evaded enforcement. Such interventions, while protective, often came after significant participant involvement, underscoring the challenges in addressing these evolving structures promptly.

Impact on Participants

Thousands of individuals drawn to these projects by promises of financial growth have reported substantial setbacks. Many locked away funds expecting steady returns, only to face barriers when trying to withdraw. Stories from forums and reviews detail delayed payments, crashed token values, and unresponsive support, leading to personal financial strain for families and retirees who invested savings.

The broader effects ripple into communities, eroding trust in legitimate crypto ventures. Participants often feel isolated, with limited recourse due to the international scope and use of digital assets. This has sparked calls for stronger protections, but the repeated relaunches continue to attract newcomers unaware of the history, perpetuating a cycle of disappointment and recovery efforts.

Conclusion

The journey from Lira Coin through WeWe Global, TBE, Xera, and Lyopay paints a stark picture of instability and unkept promises in the crypto space. Blockchain evidence and regulatory records reveal a pattern where funds flow heavily inward but struggle to return, amid frequent rebrandings that mask ongoing issues. While innovation drives the industry forward, these examples serve as a cautionary tale about the importance of due diligence and transparency.

Ultimately, potential participants must weigh the allure of quick gains against the evident risks demonstrated here. By staying informed and seeking regulated alternatives, individuals can better protect their investments from such turbulent paths. The persistence of these projects underlines the need for vigilance, ensuring that the promise of blockchain benefits everyone fairly.

Written by

Hermione

Updated

1 week ago