After shedding their unique web site area as a result of causes, the Cloud Token scammers have returned with a brand new area.
Cloud Token’s new web site area (“cloudv2.io”), was privately registered in Could 2020.
The brand new web site nevertheless solely went dwell just lately, as per a February eleventh announcement.
Regardless of stopping withdrawals in October 2019, Cloud Token didn’t acknowledge its collapse till Could 2020.
On the time Cloud Token admin Ronald Aai blamed the collapse on hackers, COVID-19 and authorities.
How a lot Aai (proper) stole from Cloud Token buyers stays unclear. His final public look was by way of video 9 months in the past.
Cloud Token’s reboot is being touted as “Cloud 2.0”.
We at the moment are approaching nearer and nearer to the v2.0 pockets launch.
Improvement has been going very effectively regardless of the challenges now we have confronted recently.
Whereas we aren’t but prepared to present a precise launch date, we’re assured that it’s going to nonetheless be through the first quarter of this 12 months.
We shall be posting extra notices as we get nearer to the precise launch date.
The fiction that invested funds have been frozen by authorities continues.
The v2.0 pockets has been created to generate funds for the Cloud 2.0 challenge with out the necessity for additional funding from members throughout this present interval the place funds on exchanges have been frozen as a result of complaints and lawsuits began by numerous events.
Lawsuits and litigations are at present nonetheless in progress and are anticipated to take a prolonged time period.
Till all authorized processes are full, exchanges is not going to launch the at present frozen funds.
Which means leavers will wait till this authorized course of absolutely performs out earlier than any withdrawals may be probably be processed.
By affiliation this additionally implies that remainers is not going to have entry to their Jarvis funds till launch by the exchanges .
There may be nothing that Cloud 2.0 can do presently to expedite this authorized course of.
Naturally which authorities have acted or particulars of the lawsuits Cloud Token is purportedly going through usually are not offered.
In different phrases Cloud Token’s authorized issues are an open-ended scapegoat.
With respect to investor losses, Cloud Token spells out that until new victims are discovered, even when the fictional lawsuits are resolved, no person is getting paid.
We’re anticipating a snowball impact that begins small and progressively picks up in measurement and quantity because the v2.0 pockets companies are marketed and utilized.
Because the v2.0 pockets income improve, so the quantities of conversions for v1.0 pockets members may also improve.
In a nutshell, the extra visitors the v2.0 pockets experiences, the extra funds will change into accessible for v1.0 pockets customers to transform CTOs.
CTOs being the Cloud Token’s Ponzi token.
Ronald Aai and the remainder of the Cloud Token admin staff dumped CTO on associates, while hoarding invested cryptocurrency on the backend.
We ask all our members to know the fact of the brand new pockets and to not harbor unreasonable expectations of huge withdrawal quantities instantly upon launch.
A sensible expectation for conversions shall be a small begin with progressively growing quantities over time.
Except authorities really step in I’m not anticipating any important Cloud Token developments.
I’ll maintain a watch out for updates.