The Swapnex Ponzi scheme has collapsed.
As per a communication to buyers, Swapnex withdrawals have been restricted.
Slightly than simply be sincere about working a Ponzi scheme, Swapnex blames “the market state of affairs” for its collapse.
Pricey merchants!
The market state of affairs is inflicting concern amongst merchants and holders. Many exchanges face overload because of withdrawal requests. The Crypto Worry and Greed Index is under 25.
Market gamers panic and are promoting their property and withdrawing cash from exchanges and tasks as a result of they concern shedding their earnings. On the similar time, they nonetheless have vital losses because the exchanges maintain funds and cost very excessive charges for transactions.
The Swapnex platform is simply an middleman between you and the brokers with the exchanges. Our brokers can not execute all orders and cost requests in the intervening time as a result of delay in funds from exchanges.
Because of the huge rush, exchanges are simply bodily unable to execute all transactions in time, which impacts our work.
Platforms take a lot time to course of funds. Typically now we have to attend greater than a day to ship or obtain cash from our brokers. That’s the reason now we have gathered money owed to you.
TL;DR: Our Ponzi scheme’s inevitable collapse was quick forwarded by the crypto crash final week.
In an try to attract out Swapnex’s collapse, investor withdrawals have been slashed to $100.
The restriction follows Swapnex withdrawal delays starting late final week. As I perceive all of it pending withdrawals over $100 have been cancelled.
Swapnex’s $100 withdrawal limitation is in place until Might seventeenth for 2 causes:
- to see if the crypto market rebounds this working week; and
- to offer Swapnex’s admins time to separate themselves from the Ponzi scheme if it doesn’t (run away together with your cash).
To forestall Swapnex associates discussing the collapse, official communication channels have been “muted”.
Simply calm down, settle down, don’t panic, benefit from the Sunday and be affected person. All the things shall be okay. Belief the SWAPNEX!
The chat is muted momentarily to ease and cease the repetitive questions and FUDs. Thanks in your endurance and understanding.
Swapnex is a Boris CEO Ponzi scheme fronted by actor Rupert Godman.
After BehindMLM outed Godman because the actor behind Swapnex’s Marcus Huber Product Director, Swapnex deleted its advertising movies and Godman marked his social media personal.
The precise scammers behind Swapnex are believed to be the standard Russian suspects.
Replace 18th Might 2022 – Swapnex has prolonged its withdrawal restrictions to Might twenty fourth.
Replace twentieth Might 2022 – Swapnex has accomplished its behind the scenes exit-scam.
The Ponzi scheme has suggested buyers its web site shall be pulled offline shortly.