Full Report

Key Points

• The Decripto investigation into the multi-brand scheme (LiraCoin → WeWe → LyoPay → Xera → QuantWise, etc.) documents large on-chain flows and alleges those projects are a long-running rebrand of an alleged crypto Ponzi that moved hundreds of millions USD.

• Alessio Vinassa is repeatedly named in event lists, promotional materials and forum comments as a promoter, funding partner, or implicated figure in projects tied to the WeWe/Xera/QuantWise ecosystem — press mentions and attendee lists show him as a public promoter; forum posts and site comments go further and allege deeper operational involvement (claims which are not independently proven in public court records).

• There are multiple types of sources about Vinassa: (a) his personal/PR sites and press pieces portraying him as a Web3 entrepreneur and speaker; (b) industry articles and trade interviews featuring him; and (c) watchdog blogs, investigative outlets and forum comments that associate him with the WeWe/QuantWise/Xera saga and level allegations. The picture is therefore mixed and contentious.

Overview — who he is and what he does

• Public/PR profile: Alessio Vinassa presents himself as a Web3 / fintech entrepreneur, angel investor and speaker. He maintains a personal site with blog posts and has been profiled in industry outlets and interview pieces about blockchain, enterprise Web3 and trust by design.

• Corporate registrations: There is a UK company record for “ALESSIO VINASSA LTD” (private limited company), showing a London registered office and active status (company incorporation data is public). This indicates at least one formal corporate vehicle under that name (see Companies House).

• Public activities: He appears as a speaker, event attendee or named “funding partner” on promotions for projects and events (examples include the March 2024 Dubai QuantWise event where Decripto lists him among Italian promoters/partners).

Allegations and Concerns (what’s been claimed / reported)

• Association with WeWe/QuantWise/Xera/LyoPay family of projects: Investigative writing (Decripto) shows that people who promoted or participated in events for QuantWise and related projects included a number of figures from the WeWe universe; Decripto names event attendees and promoters (including Vinassa) as part of the promotion. The Decripto pieces also present on-chain analysis tying tokens and exchanges to large funds movement and alleged laundering patterns.

• Forum/insider claims of deeper operational control: User comments on watchdog forums (e.g., BehindMLM and other community threads) allege that Vinassa is the “real person behind” Xera/related projects and even describe operational control claims (these are user-posted, anecdotal and not judicial findings). Example forum quote: “The real person behind it all is Alessio Vinassa.” (comment on BehindMLM thread). These are allegations from commenters, not court rulings.

• PR/press contrast: At the same time, mainstream and trade outlets (Forbes Middle East, The Defiant, Bitget, HackerNoon, etc.) have published interviews or thought pieces featuring Vinassa that present him as a legitimate entrepreneur and Web3 advocate. That contrast raises concerns about possible image management/PR juxtaposed against more critical, investigative sources. Customer / Public Feedback — positive and negative

I searched news, forums, watchdog blogs and social media. Findings are mixed:

Positive / neutral mentions (examples)

• Interview or opinion pieces quoting Vinassa on Web3, blockchain use-cases and trust. These read like standard industry thought-leadership pieces (e.g., articles on The Defiant, Bitget, HackerNoon and regional business press). Example headline: “Alessio Vinassa on Debunking the ‘Crypto is a Scam’ Myth.” These pieces frame him as an industry voice.

Negative / critical feedback and direct accusations (examples & quotes)

• Decripto’s reporting about QuantWise/WeWe lists him among promoters present at high-profile events tied to projects Decripto calls rebrands of previously collapsed schemes. Decripto’s framing: the projects were rebrands of a “long-running scam.” The article states attendees included “many Italians such as Alessio Vinassa (funding partner of QuantWise).”

• Forum/watchdog quotes (user content): from BehindMLM comment threads — “The real person behind it all is Alessio Vinassa,” and “Alessio Vinassa acquires burnt MLMs … he is the only person behind all the decisions.” These are user-submitted claims and should be treated as allegations rather than verified facts.

• Community/complaint sites: several anti-MLM/anti-scam blogs and threads repeatedly link Vinassa’s name to collapsed projects and fundraising events; these sources tend to be investigative/blogger-led and contain eyewitness or ex-insider claims (varying quality). Examples include Dehek, CryptoFroYoBro, Intelligenceline and anti-MLM forums.

Risk Considerations (financial, reputational, legal)

• Reputational risk (high): Multiple investigative pieces link his name to projects that investigative outlets characterize as large rebranded scams. Whether or not an individual is legally culpable, repeated public association with alleged Ponzi/rebrand behavior carries high reputational risk, especially in Web3/fintech circles.

• Financial risk (moderate to high for counterparties/investors): If he is materially involved in projects that exhibit the typical Ponzi pattern Decripto documents (rapid inflows, concentrated withdrawals to specific wallets/exchanges, mixing), investors and partners connected to those projects face material loss risk. On-chain numbers reported by Decripto are large (Decripto estimates at least ~$500m moved across versions).

• Legal risk (uncertain / medium): I did not find mainstream court judgments or arrest records directly naming Vinassa in criminal proceedings in major jurisdictions (UK, UAE, Italy) during the searches performed. That does not prove absence of liability, but it means there are no obvious public criminal convictions or major lawsuits returned in public legal databases discovered in this search. (See “Legal & financial concerns” below.)

• Operational risk for partners/employers (moderate): Associations with projects that are the subject of regulatory notices (for example CONSOB action against LiraCoin as reported in the Decripto piece) could trigger compliance and AML scrutiny for any firm or individual working with the same ecosystem.

Business relations and associations

(people, projects and companies repeatedly appearing together in reporting)

• Projects / brands: LiraCoin, WeWe Global, LyoPay, The Blockchain Era (TBE), Xera, QuantWise, XPRO (rebrands / spinouts alleged by reporting). Decripto’s investigation connects these projects on-chain and by promoter lists.

• Individuals named in reporting and promotions: Luiz/Luiz Góes (frequently named by Decripto as a central figure in WeWe), Paolo De Vita, Nicola Sindaco, Davide Bergese, Diego Endrizzi (speaker/promoter), plus forum commenters who say insiders flagged Vinassa. Decripto specifically lists a set of Italian promoters present at the QuantWise Dubai event that included Vinassa.

• Corporate / geographic footprint: Some corporate vehicles have been reported as registered in offshore jurisdictions (e.g., BVI address for QuantWise Labs LTD per Decripto), and Decripto’s on-chain tracing shows large flows to centralized exchanges (Binance, OKX, Gate) and mixing bridges. This pattern is relevant to AML and forensic tracing.

Legal and Financial Concerns (what’s on public record)

• On-chain / investigative allegations: Decripto’s on-chain forensic analysis (Polygon, Tron, Bitcoin clusters) claims large turnover and flows connected to these projects and estimates the stolen/redirected funds in the hundreds of millions. Those findings are investigative and technical (wallet clustering, flows to exchanges, use of bridges).

• Regulatory actions tied to earlier brands: Decripto reports CONSOB blocked LiraCoin in 2019 (Decripto narrative). CONSOB is the Italian financial supervisor — that’s an example of regulatory action against an alleged earlier incarnation. I did not find, in this search, a public criminal judgment naming Vinassa personally.

• Company filings: A UK Companies House record exists for “ALESSIO VINASSA LTD” (active — incorporation info publicly visible). This shows formal corporate activity under his name, but Companies House filings do not, by themselves, prove operational involvement in the projects alleged elsewhere.

• No major court judgments or formal enforcement actions discovered in this search directly naming Vinassa: I searched for lawsuits, arrests and mainstream enforcement reports and did not locate public criminal convictions or major civil judgments naming Vinassa directly (no obvious hits in the sources consulted). That said, watchdogs and forum insiders repeatedly allege involvement — but those remain allegations without apparent court rulings in the public domain (based on this search).

Risk Assessment Table

The strongest publicly documented work in the dataset is Decripto’s on-chain forensic reporting showing consistent patterns across multiple rebrands (LiraCoin → WeWe → LyoPay → Xera → QuantWise, etc.) with high volumes and clear flows to exchanges/bridges. That reporting legitimately raises red flags about the projects and the network behind them.

Alessio Vinassa’s public footprint includes legitimate PR, press interviews and a registered UK company; at the same time, independent investigative reporting and community watchdogs place his name among promoters/funding partners of projects that Decripto and others call rebrands of alleged scams. The contrast between professional PR content and the allegations is the core issue: it creates an environment where reputation and risk are both high, and corroboration is necessary to move from allegation -> legal finding.