Final Announcement and OrbitDefi.org Scam

Orbit DeFi
3 min readFeb 25, 2022

Dear all,

Due to a lack of interest from the crypto community and us running out of funds from our initial investment. We are shutting down Orbit indefinitely.

There is currently a BSC scam going around at https://orbitdefi.org/. After carefully examining, we have discovered, it has been started by an old Saren/Orbit community member.

They are using our socials to gather funds from BSC investors, this along with other reasons, have forced us to decide on shutting down our socials. If you see any suspicious activity from any Orbit social handles, beware as we do not have any token and/or plan to have one in the future. We will be leaving our twitter, discord and telegram channel (not group) online to answer questions from Saren holders.

The main OrbitDefi.com site has been taken down for now to stop this scam. Only the twitter and telegram channel will be active (and deleted at a later date).

We thank you all for the support over the past year, we did approach many IDOs and investors over the past 3 months, but due to not receiving any interest have decided to formally shut down the project.

The app will be live and move back to app.saren.io as I started it initially to help me with trading and investing. It is currently the only portfolio manager I use. There will be a banner specifying that we do not own or have any token to stop any scams in the future. The app may be rebranded as a generic app with no branding for others to use.

Many things at Saren/Orbit could have been handled differently and I would continue development on the app as I require more features. Most of our competitors have raised Millions of dollars and this has enabled them to quickly catch up to us with all the new features. This is one of the many reasons we do not feel there is adequate demand for our app going forward.

For any questions, we will be answering it in our discord and twitter, there was a history of harassment of employees in our original telegram group which is why we have shut it down and any further harassment in discord will result in an instant ban.

I have attached a breakdown summary of all the expenses incurred and how the investment was used:

Although many have gone down to great lengths to harass me personally on social media, I wish you all luck, them included. Hope you all understand and we can all move on from this peacefully.

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Orbit DeFi

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