WeWe World has collapsed for a 3rd time.
Following unscheduled “extraordinary upkeep” on August 11st, WeWe World has now suspended withdrawals for a month.
WeWe World traders had been initially prevented from withdrawing on August eleventh;
Javier Smaldone was sort sufficient to tip me off. Figuring it is likely to be a short-lived hiccup, I sat on it for some time.
There wasn’t actually any additional developments until a number of days in the past.
From the nineteenth of August to the 4th of September there can be NO exercise on the platform.
Our NEW, IMPROVED PLATFORM will go reside after the 4th.
WeWe World disabled affiliate traders with the ability to money out LFI (inner Ponzi factors) for bitcoin (BTC). All they’ll do is convert LFI to WEWE-C, which have to be reinvested again into the system.
With withdrawals disabled, successfully WeWe World has collapsed.
Slightly than simply be trustworthy about it, WeWe World appear to have fed their traders a KYC exit-scam.
And withdrawals will now stay disabled to the fifteenth.
Clearly WeWe World isn’t upgrading something, nor do they care about KYC.
And even when you did purchase into the exit-scam ruse, it definitely doesn’t take 30 days to improve some servers and run a KYC examine once more (WeWe world already initiated KYC to delay withdrawals a while in the past).
In a reputable enterprise, any upgrades can be carried out in a staging surroundings earlier than being patched into the reside service. Executed appropriately, this wouldn’t be noticeable to customers.
It’s additionally a bit disturbing to see WeWe World traders presenting laws as an excuse for the exit-scam.
Regulation of securities fraud is straight-forward; both you’re registered with monetary regulators and submitting audited monetary studies, otherwise you aren’t since you’re a Ponzi scheme.
WeWe World is an apparent Ponzi scheme with no verifiable supply of exterior income.
SimilarWeb tracks Italy (39%), Greece (15%), Germany (6%), Bulgaria (6%) and Peru (6%) as high sources of Wewe World web site site visitors.
Recruitment in New Zealand was on the rise, until the FMA issued a WeWe World and LyoPay securities fraud warning in February 2023.
WeWe World added LyoFi and LyoPay after its authentic 2021 Ponzi mannequin collapsed in 2022.
Assuming WeWe World doesn’t simply disappear between now and September fifteenth, what I’m assuming will occur is a reboot with withdrawal restrictions.
Principally something to cease the withdrawals, within the hope sufficient new cash nonetheless trickles in to make stealing cash by WeWe World worthwhile.
