Not even three months out from launch, the X10 Platform Pozni scheme has collapsed.
Slightly than acknowledge they ran out of cash although, the corporate is blaming the Cryptopia trade hack.
In an electronic mail despatched out to buyers, X10 Platform suggested;
It’s with unhappy information, that we’re saying that as of February twenty seventh, the X10 Platform will probably be shutdown indefinitely.
Attributable to circumstances past our management, all X10 Accounts and plans will probably be terminated on Wednesday Feb. twenty seventh.
An unlucky sequence of occasions occured [sic] with the current ‘Cryptopia’ Trade hack on January 14th. The Cryptopia hack interrupted our techniques.
Hackers obtained away with over 15 Million {dollars} of Cryptopia consumer funds and the investigation continues to be underway.
Cryptopia, a New Zealand cryptocurrency trade, was allegedly hacked final month.
Hackers are reported to have made off with round $16.1 million price of ethereum and ERC-20 tokens.
X10 Platform promised associates a return on funding, purportedly derived through bitcoin buying and selling.
Regardless of a ROI being the prime advertising and marketing pitch, the overwhelming majority of funds solicited by X10 Platform have been paid out as a recruitment commissions.
Naturally no proof of X10 Platform really buying and selling was ever offered, leaving new funding the only real supply of verifiable income.
There may be additionally no proof of X10 Platform having used Cryptopia, or that any of their funds have been stolen on account of the hack.
What’s worse is it seems X10 Platform are attempting to con their buyers out of much more cash.
Thankfully, we have been capable of protect a part of your earnings through our Chilly Storage, offline secured Bitcoin Wallets.
Emails advising of the shutdown are holding supposedly earned funds hostage, pending cost of a “switch payment”.
One BehindMLM reader advises that regardless of having by no means deposited any funds, X10 Platform are asking for a bitcoin withdrawal payment to unlock a supposed “closing payout”.
How a lot the X10 Platform’s nameless proprietor(s) have stolen from buyers is unclear.
Replace fifth March 2019 – A second electronic mail has gone out to X10 Platform associates. The quantity promised in addition to the asking payment have each elevated.