POPULAR Ponzi scheme MMM which was suspended last year has been re-opened.

P‎anic greeted participants on Tuesday, December 13, 2016, when the scheme froze all confirmed Mavros, saying it would resume operations after one month.

Many thought the money doubling scheme was gone for good and made fun of MMM members.

‎The scheme had said it would resume on January 14 but it has resumed a day earlier. Apparently, the scheme is not ready to say goodbye yet.

‎A message on its website said it resumed a day earlier because of the hysteria and buzz by authorites and the media.

This time around the Russian Ponzi scheme is back with new conditions, which includes encouraging its members to use bitcoin for transactions.

Upon resumption, the scheme says its members will now be able to pay and receive money in bitcoins, the digital currency.

MMM cites bitcoin’s steady growth in value as a reason for participants to adopt the currency.

“In a month, not only 30 percent will be added to your initial amount, but, it can increase itself due to Bitcoin price growth,” MMM’s letter to its participants partly reads.

Last week, MMM promoters issued instructions to its participants whose accounts were frozen, to perform “Promo Tasks: A New Tool for MMM Community Development.”
In the MMM message, subscribers were told to perform tasks, both online and offline, to promote the scheme and drive “traffic and participation” by the time the restriction on the account is lifted.

MMM, which before suspending operation on December 14 had over 3 million participants in the country, made inroads into the Nigerian investment market in 2015.‎