The BitcoLoan Ponzi scheme has collapsed.
The next is a testimonial left on TrustPilot, by a BitcoLoan affiliate purportedly from Russia;
Every part labored till July, the platform paid often. However for nearly 3 weeks now there is no such thing as a option to withdraw funds, the withdrawal merely doesn’t work and no particular data.
At first they mentioned wait 5-7 days, then they only started to write down the usual “keep tuned for information”.
Three weeks would put us on or round July seventh.
BitcoLoan associates who contact help are being fed this story:
Our technical service is now engaged on the implementation of our token via the “Bridge” system.
We’re engaged on the transition from CEFI to DEFI system.
We apologize for the inconvenience brought on.
On the finish of the work, the corporate will reimburse every part to our prospects.
Even when it wasn’t a typical crypto jargon exit-scam ruse, the unannounced transition from one platform to a different has nothing to do with BitcoLoan disabling withdrawals.
And switching platforms, once more unannounced, definitely doesn’t take three weeks and counting.
The tip-game right here seems to be to string affiliate traders together with excuses most of them gained’t make heads or tails of.
This buys BitcoLoan’s nameless admins time to make their getaway with what’s left of invested funds.
BehindMLM reviewed BitcoLoan again in March. We discovered a typical crypto Ponzi scheme pitching returns of as much as 3% a day.
Every week in the past we famous a number of earlier movies on BitcoLoan’s official YouTube channel had been marked personal.
These movies featured actors with distinctly japanese European accents.
BitcoLoan additionally lately wiped their Fb profile of all content material.
BitcoLoan is believed to be run by scammers from Russia and/or the Ukraine.
Based mostly on web site site visitors evaluation by Alexa, BitcoLoan’s victims are primarily from the US (18%), Russia (17%) and India (7%).