The long saga of Cryp Trade Capital continues....
First a brief recap:
Cryp Trade Capital which advertised themselves as a bot/abitrage trading site that paid "investors" daily returns. In all honesty it was a HYIP (high yield investment program). Last month they held a multi-million dollar event for their investors in Turkey, roughly 10 days after the event all payments stopped. Since then people have been frantically trying to get in touch with them. When a few investors visited the offices in Spain, they found them empty. Since then there have been rumors and innuendo which basically followed this line.....the company was about to be formally investigated by EU authorities and decided to move the offices to Asia and resume payments.
Finally, after a long delay, they sent this email out yesterday.
Unfortunately, this message is a complete lie! In the message they state "At present stage, payments have already been made for 100% of commitments in all regions [outside EU]." I reside in the US and I have not received an payments since 30 September.
Below you can see my transaction screen:
Final thoughts, anyone who has invested for anytime knows that when a fund says they will pay 0.59-1% of your return each day knows this to be akin to winning the lottery. The only fund I know that went 3 years without a trading loss on the day was a HFT (high frequency trading fund). So if you are going to participate in a program like this, please only use money you are prepared to lose. Think of it like gambling in Vegas. If you do participate remember to ALWAYS PAY YOURSELF FIRST. If they are paying 1%/day then get your initial investment back before reinvesting.
Good luck everyone!
Comment with any questions or comments
Follow for cryptocurrency market updates.
