Ponzi
Abuser: Cloud Token Ponzi
Cloud Token is a network marketing "wealth-generating system" where investors are promised returns of between 6-12% interest per month by depositing cryptocurrency into the company's application "Cloud Wallet". Cloud Token's business model is to take members' invested money and use it to trade on different crypto exchanges by utilizing "artificial intelligent robots". These robots are supposed to take advantage of price differences between different exchanges around the world and making a profit on the arbitrage. There is no proof whatsoever though, that Cloud is actually doing any type of trading or making any money. The company started in May 2019 and withdrawals of invested funds were possible until the end of September. However, since the end of September, it is impossible to get your money "out" of the system/app and the "company" issues excuse after excuse as to why withdrawals cannot be done. Cloud wallet can be downloaded on Google's Play Store and Apple's play store here: https://apps.apple.com/us/app/cloud-2-0/id1467485120 (now taken down by Apple) https://play.google.com/store/apps/details?id=com.cloudwallet.android&hl=en Cloud Token's website can be found here: www.cloudtokenwallet.com
Thailand, 2020-05-03 10:14:53