📝 Overview

Forsage was an Ethereum-based “smart contract” platform that marketed itself as a decentralized wealth-building tool. In reality, it was a classic pyramid scheme, where earlier participants profited only by recruiting new ones.

Despite its high-tech appearance, it offered no real product or service.

⚠️ Red Flags

• ❌ 100% dependent on recruiting
• ❌ No external revenue sources
• ❌ SEC labeled it a Ponzi scheme
• ❌ Founders charged in 2023
• ❌ Targeted low-income countries with promises of fast wealth

📸 Evidence & Sources

• SEC Charges Forsage – August 2023
• Analysis from CoinDesk
• Video explainer

🚨 Current Status

🔒 Shut Down – Smart contract still lives on blockchain, but community dissolved    
⚖️ Founders charged, extraditions in progress

✅ Our Recommendation

Never trust “passive income” crypto projects that require you to recruit others. If you joined Forsage:

• Consult a crypto scam recovery professional (carefully vetted)
• Stay away from revival attempts (e.g., “Forsage 2.0”)
• Warn your community or church groups, especially if they were recruited