WeWe International has collapsed for a 3rd time.
Following unscheduled “extraordinary upkeep” on August 11st, WeWe International has now suspended withdrawals for a month.
WeWe International buyers had been initially prevented from withdrawing on August eleventh;
Javier Smaldone was type 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 just a few 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 dwell after the 4th.
WeWe International disabled affiliate buyers with the ability to money out LFI (inside 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 International has collapsed.
Relatively than simply be sincere about it, WeWe International appear to have fed their buyers a KYC exit-scam.
And withdrawals will now stay disabled to the fifteenth.
Clearly WeWe International isn’t upgrading something, nor do they care about KYC.
And even in case you did purchase into the exit-scam ruse, it definitely doesn’t take 30 days to improve some servers and run a KYC test once more (WeWe international already initiated KYC to delay withdrawals a while in the past).
In a official enterprise, any upgrades can be carried out in a staging setting earlier than being patched into the dwell service. Achieved accurately, this wouldn’t be noticeable to customers.
It’s additionally a bit disturbing to see WeWe International buyers 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 International 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 prime sources of Wewe International web site visitors.
Recruitment in New Zealand was on the rise, until the FMA issued a WeWe International and LyoPay securities fraud warning in February 2023.
WeWe International added LyoFi and LyoPay after its unique 2021 Ponzi mannequin collapsed in 2022.
Assuming WeWe International doesn’t simply disappear between now and September fifteenth, what I’m assuming will occur is a reboot with withdrawal restrictions.
Mainly something to cease the withdrawals, within the hope sufficient new cash nonetheless trickles in to make stealing cash by means of WeWe International worthwhile.