The Swapnex Ponzi scheme has collapsed.
As per a communication to traders, Swapnex withdrawals have been restricted.
Slightly than simply be sincere about operating a Ponzi scheme, Swapnex blames “the market scenario” for its collapse.
Expensive merchants!
The market scenario is inflicting worry amongst merchants and holders. Many exchanges face overload because of withdrawal requests. The Crypto Concern and Greed Index is beneath 25.
Market gamers panic and are promoting their property and withdrawing cash from exchanges and tasks as a result of they worry dropping their earnings. On the identical time, they nonetheless have vital losses because the exchanges maintain funds and cost very excessive charges for transactions.
The Swapnex platform is simply an middleman between you and the brokers with the exchanges. Our brokers can’t execute all orders and cost requests in the intervening time because of the delay in funds from exchanges.
Because of the huge rush, exchanges are simply bodily unable to execute all transactions in time, which impacts our work.
Platforms take a lot time to course of funds. Typically now we have to attend greater than a day to ship or obtain cash from our brokers. That’s the reason now we have amassed money owed to you.
TL;DR: Our Ponzi scheme’s inevitable collapse was quick forwarded by the crypto crash final week.
In an try to attract out Swapnex’s collapse, investor withdrawals have been slashed to $100.
The restriction follows Swapnex withdrawal delays starting late final week. As I perceive all of it pending withdrawals over $100 have been cancelled.
Swapnex’s $100 withdrawal limitation is in place until Could seventeenth for 2 causes:
- to see if the crypto market rebounds this working week; and
- to provide Swapnex’s admins time to separate themselves from the Ponzi scheme if it doesn’t (run away together with your cash).
To stop Swapnex associates discussing the collapse, official communication channels have been “muted”.
Simply chill out, settle down, don’t panic, benefit from the Sunday and be affected person. Every thing might be okay. Belief the SWAPNEX!
The chat is muted momentarily to ease and cease the repetitive questions and FUDs. Thanks on your persistence and understanding.
Swapnex is a Boris CEO Ponzi scheme fronted by actor Rupert Godman.
After BehindMLM outed Godman because the actor behind Swapnex’s Marcus Huber Product Director, Swapnex deleted its advertising movies and Godman marked his social media personal.
The precise scammers behind Swapnex are believed to be the same old Russian suspects.
