Cloud Token collapsed throughout October of final yr.
Slightly than simply admit the corporate’s withdrawals exceeded funding and collapsed, admin Ronald Aai has been stringing buyers alongside for months.
After deleting his social media profiles and disappearing earlier this yr, Aai has appeared in a brand new video replace.
As a substitute of simply admitting Cloud Token was a Ponzi scheme and collapsed although, Aai is blaming withdrawal issues on hackers, COVID-19 and the authorities.
Showing from an unknown location and sitting in entrance of a inexperienced display screen, Aai (proper) begins his excuses with hackers.
[1:42] I consider that there are a whole lot of assaults that’s taking place to hit our servers.
However due to (server) structure that’s been executed, it’s additionally a bit troublesome for the attackers to truly hit.
So I consider that some individuals employed one other tactic … which is to bodily achieve entry to my units, so as to entry the servers to carry it down, or to entry it and issues like that.
[2:29] We’re nonetheless within the midst of attempting to determine whether or not is there any compromise on the system itself.
Aai claims the incident (which isn’t specified) has been referred to “the authorities”. No particular particulars are supplied.
Elsewhere on the web, Cloud Token buyers are circulating a way more dramatic story.
On the thirtieth of April, Ronald Aai was assaulted and saved captive by a gaggle of people that stormed into his dwelling.
We’re glad to announce that he’s now protected and unhurt, and is even again at work.
The criminals nevertheless did power their approach into Ronald’s pc, and stole each his and another Cloud 2.0 members private safety keys, belongings and in addition harm computer systems, smartphones and chilly storage wallets.
The Taiwan prosecutor has filed a case to analyze and establish these concerned. Sturdy authorized motion might be taken in opposition to them instantly.
Contemplating Aai relies out Malaysia and run/ran Cloud Token from Singapore, why Taiwan is concerned is unclear.
Absolutely such against the law could be investigated domestically? Except after all Aai has fled Malaysia and Singapore for Taiwan… however who can sustain with the story.
Anyhoo, subsequent up we’ve COVID-19.
[7:00] So it’s Might, we’ve misplaced a great deal of … a minimum of 4 months on our plan as a result of COVID-19 epidemic.
All of this has brought about a whole lot of delays.
Which is adopted up by the revelation “authorities” have supposedly frozen Cloud Token investor funds.
[7:29] The funds that’s imagined to be launched is now frozen by authorities, on account of complaints and issues like that.
Pretending that he’s not sitting on a pile of investor funds, Aai claims he’s personally bearing the price of maintaining what’s left of Cloud Token operating.
Wanting ahead, whereas it’s been not possible to withdraw actual cash out of Cloud Token for over half a yr, now CTO token returns are additionally being disabled.
[10:25] As a result of latest happenings, I’ve to cease the CTO payouts, and the neighborhood payout in CTOs, so as to make sure that the system shouldn’t be compromised.
Eights months after Cloud Token collapsed and stopped paying ROI withdrawals, Aai continues to beg buyers for “extra time”.