Quote:
Originally Posted by ninjacookies
They gon' learn today.
Not a scam in what people may think of in the traditional sense, but the premise behind their business model looks to fit the mold of basically any shoddy/shady crypto exchange dating back to 2009.
Hold investor money hostage ---> play the market with said kidnapped funds ---> open up withdrawls selectively depending on the results of borrowed investments. Investments go south? ---> pack bags and claim 'hack' or insolvency.
If you've been in the landscape long enough, you'll understand how this works...and continues to work because it preys on the financial psyche of seeing unrealized, inflated numbers on a balance sheet.
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Yup. I’d also venture to guess they have a MASSIVE liquidity problem (pure speculation obviously). They can’t make the $1000 Gifs fast enough.
Bottom line is there has never been a legitimate site that wouldn’t process withdrawals immediately. That doesn’t happen the same way the guy who is delayed mailing your card because his grandma’s cat was just diagnosed with Lupus and he’s boarding a flight to Germany to link up with the priemere cat clinician but will totally, absolutely mail it to you in 6 weeks when he returns doesn’t happen. 99% of the time when the majority of participants can’t withdrawal funds, that means the party is over.