Federation Community has collapsed for a 3rd time.
On October ninth the Ponzi scheme suggested traders it was disabling withdrawals.
As an alternative of simply being sincere about working out of recent funding to pay withdrawals (once more), Federation Community has dressed up its third collapse as a “momentary pause” with an “audit” exit-scam.
Expensive Group,
To make sure the integrity and safety of our platform, we’re implementing a number of crucial updates. These embody:
– Crew Restructuring: We’re reorganizing our group to reinforce effectivity and give attention to safety.
– Complete Audit: We’re conducting an intensive audit of our web site code and database to establish and handle any vulnerabilities.
Momentary Pause of Withdrawals
As a part of our dedication to safety, we’ve determined to briefly pause withdrawals. This can enable us to finish the audit and establish any fraudulent accounts.
Federation Community advises it “anticipate[s] withdrawals will likely be reactivated inside 3 weeks”. If that occurs, it’ll mark the fourth reboot of Federation Community.
The primary iteration of Federation Community Ponzi launched in mid 2023. It was fronted by founder and Sarah Cohen, an actor who’s lengthy gone.
Federation Community’s first Ponzi collapsed in Might 2024. A reboot on a second area was instantly introduced, solely to break down shortly thereafter.
In August 2024 Federation Community rebooted for a 3rd time on a 3rd web site area as Federation Financial institution. Federation Financial institution collapsed on October ninth, with an unnamed fourth reboot but to launch “inside 3 weeks”.
As of September 2024, Federation Financial institution web site site visitors was too low for SimilarWeb to trace.