After soliciting not less than $60,000 from buyers, PowerBot has pulled the plug on withdrawals.
Proprietor of the scheme Aidan Parr is blaming CoinPayments however they’re claiming in any other case.
In a communication despatched out a number of days in the past, Aidan Parr knowledgeable PowerBot buyers withdrawals had been frozen.
This has completely screwed us however it’s come to my consideration that somebody has reported out firm to our pockets supplier and had all our funds frozen.
Sure this implies zero withdrawals now till we work out what we’re going to do.
Parr’s communication was accompanied by a screenshot, purportedly of an e mail despatched to him by CoinPayments.
Funds are frozen pending fraud investigation.
Your account is suspended indefinitely with out a likelihood to enchantment as a result of nature of enterprise your account was used for.
Your data together with IP deal with and entry logs can be right here for authorities to evaluate together with all of the dialog right here.
We don’t tolerate scams, Ponzi schemes, e mail spoofing, theft or some other unlawful actions.
In an try and confirm the CoinPayments e mail, a member of the “RB International (Recycle Bot) & Energy Bot – Now What!?” Fb group reached out to processor.
CoinPayments’ technical assist wouldn’t verify frozen funds however did state they’d by no means seen the e-mail Parr claims to have obtained.
Because of privateness legal guidelines we will’t give out non-public data on any consumer for any purpose and even let you know if they’ve an account until it’s requested by the police with correct warrant referring to a selected account of transaction.
Nonetheless we should not have any report of this e mail or log that has been despatched to us reference Aidan Parr.
One other e mail question from a member of the group a day later obtained an analogous response;
This doesn’t appear to be an e mail despatched from Coinpayments and we now have no report of it.
We can’t give additional data.
I recommend contacting the Police as we will solely disclose data by way of warrants for third celebration data.
Regardless of the constructing uncertainty, Parr doubled down and offered a followup CoinPayments e mail.
Keep in mind we don’t enable Ponzi schemes.
There is no such thing as a approach we will unban an account as soon as it’s banned until you petition a court docket of competent jurisdiction and show to them your online business is authorized; then they are going to inform use to unfreeze your accounts.
Right here’s what doesn’t make sense…
If CoinPayments was performing of their very own resolve, there’s nothing stopping them from unfreezing funds in any account – even when they’ve notified authorities of suspected fraud.
For reference, CoinPayments declare to be based mostly out of the Cayman Islands.
Whereas that is nearly actually a shell incorporation, there’s little to no regulation within the Cayman Islands itself – begging the query who CoinPayments would have reported PowerBot too.
Alternatively if CoinPayments had been responding to a regulatory investigation, then asking Parr to “petition a court docket of competent jurisdiction” is unnecessary.
Parr must file go well with towards CoinPayments, which they might ignore if they’d no substantial ties to that jurisdiction (and good luck suing anybody within the Cayman Islands).
Each these eventualities require the idea CoinPayments truly emailed Parr, which they declare they didn’t.
With not less than $60,000 in PowerBot invested funds nonetheless unaccounted for, Parr went on to tell buyers he was going to “open deposits”.
[7:07] We’re gonna must freeze the investments as a result of all that’s going to do is compound the issue that we’ve received proper now.
…
They (CoinPayments) took all of our crypto. We’re in a little bit of a gap however we’re not out.
So I’m going to open a brand new pockets, it gained’t be with CoinPayments, and if you wish to you’ll be able to deposit into that – clearly that can assist us get going.
…
The assist I’ve had is unbelievable. I’m blown away by it.
Folks see the imaginative and prescient and the mission – and it’s fairly apparent I’m not a scammer. D’you realize what I imply?
It’s fairly apparent. I believe that anyway.
PowerBot operates as Professional Mine Applied sciences, by way of which buyers are supplied a 1.2% to 1.5% day by day ROI.
Since launch Professional Mine Applied sciences and ProBot have failed to supply proof of verifiable exterior ROI income.
Neither is both firm registered to supply securities in any jurisdiction they solicit funding in.