Shavez Anwar Strikes Again: How Protocol Yield is a Copy-Paste Crypto Scam Disguised as Innovation

 

My name is Danny de Hek, also known as The Crypto Ponzi Scheme Avenger. My mission is to expose and shame scammers who peddle Ponzi schemes disguised as investments, and protect everyday mums and dads from losing their life savings. Today, I’m calling out Shavez Anwar—again—for launching yet another deceptive platform under the name Protocol Yield (py.xyz).

After dissecting the so-called “innovative” features of Protocol Yield, what we uncovered is shocking—but unfortunately not surprising. Protocol Yield appears to be nothing more than a copy-paste clone of another legitimate platform: Zignaly.

The Smoking Gun: Duplicate Company Registration Numbers

Protocol Yield claims to be operated by TRIDENT LABS LLC, a South African company using registration number 2018/012010/07. But guess what? That exact same company number belongs to another unrelated company: ARC CAPITAL (PTY) LTD.

How can two different entities share the same unique company registration? They can’t—not legally. This suggests that either:

• Protocol Yield fraudulently copied this number from ARC CAPITAL, or
• They are intentionally trying to mask their true corporate structure.

Either way, it’s deceptive, and it raises major red flags about who is really behind this operation.

️‍♂️ Copying Zignaly’s Legal Pages and Platform Structure

Here’s where it gets worse. We found clear signs that Protocol Yield has Copied and pasted Zignaly’s Terms of Service, branding style, and technical language, almost word-for-word in many cases.

From the legal language around arbitration and liability waivers to the layout of their account structure and so-called “profit-sharing pools,” the resemblance is too close to be coincidental. This isn’t inspiration—it’s plagiarism.

Even more hypocritical is that Zignaly has a Public Anti-scam Guide on their website, warning users not to fall for impersonators or platforms pretending to be affiliated with them. We’re now watching in real-time as Shavez Anwar launches a platform that checks nearly every box in Zignaly’s scam warning list.

The ‘High-Water Mark’ Scam Red Flag

During a recent Protocol Yield Zoom call—attended by my team of Avengers—Shavez Anwar began touting the use of a “high-water mark” fee model as if it legitimized the entire platform. But let’s break this down:

Yes, the term high-water mark is real. It’s used in hedge funds to determine performance fees. But in this context, it’s nothing more than financial theatre.

Here’s why this is a major red flag:

1. No Regulatory Oversight They claim to be registered in Hong Kong (Marida Limited, License #76783901-000-07-24-0) and in South Africa—but we found no evidence of actual regulation. These registrations are not investment licenses. Using “high-water mark” without regulated fund structures is misleading.
2. No Third-Party Audits There’s no proof of performance, no external verification, no transparency on how funds are managed. High-water marks only mean something if trades and returns are audited. In Protocol Yield’s case, it’s just a buzzword.
3. Used as a Smokescreen Scammers use terms like “only pay fees on profits” to make you feel safe. But they leave out one critical detail: you might never be able to withdraw your profits anyway. Fake dashboards and locked wallets are how most Ponzi schemes collapse.
4. False Claims About Binance Partnerships They falsely suggest that user funds are protected by Binance’s SAFU fund. Binance’s insurance fund does not cover third-party platforms like Protocol Yield. There is zero evidence of any custody or API-based integration with Binance or Bybit.

Real-Time Evidence During a Live Recording

While recording a live video today, my team and I caught this unfolding in real-time. With the help of my community of crypto scam Avengers, we identified:

• The copied Terms of Service from Zignaly
• The duplicated company registration number
• The misuse of legitimate financial terminology
• And the shady marketing tactics being used to lure unsuspecting investors

We aren’t just speculating—we’re documenting, recording, and exposing.

Conclusion: Another Scam in the Making

Shavez Anwar is once again repackaging deception under a new domain—Protocol Yield—and using flashy terminology and plagiarized content to appear legitimate. But the cracks are already showing. The platform is unregulated, unoriginal, and unsafe.

If you value your money, stay far away from py.xyz. And if you’ve already invested, now is the time to get out before the inevitable collapse.

Stay vigilant. Stay loud. Stay informed.

– Danny de Hek, The Crypto Ponzi Scheme Avenger