Latest Updates on the Possible Cloud Token Exit Scam as Users Experience Withdrawal Delays

Seemingly inevitable Cloud Token crypto ponzi scheme experiences another setback as users can no longer withdrawal funds as possible bait in switch tactic unfolds involving a new Cloud SIM card service update.

Cloud Token is a platform that describes itself on its website as a “decentralized wallet.” Allegedly, according to a Behind MLM report. the platform is changing its approach of trading revenue to pay investors to a mandatory SIM card service and Ronald Aai confirmed when such a change happens, the company ceases company-funded withdrawals. Withdrawals will instead be processed through a third-party company called Ribbons.

Behind MLM further reports that Ribbons does not actually exist, despite Aai’s claim, and rather, it is a shell company that Cloud Token set up. And that Cloud Token will pay for returns with previously invested funds, and that only funding withdrawal requests will be seen by new investors. As for investors, the report indicates that investors are not reacting yet, it is due to Aai’s cryptic posture as to these points.

In a separate and slightly prior report, Behind MLM discussed the Cloud Token withdrawal suspensions. The report shows the platform’s recruiters raising the issues on social media. For example, one by the name of Shohan Bowala claimed that the platform’s withdrawal issues were taking place for five weeks as of October 23, 2019. The report also indicates that Aai has not addressed the withdrawal situation publicly.

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James W
James is a cryptocurrency enthusiast, an advocate for the development and exposure of blockchain technology, and believes in the use of digital assets for the good of the society. Enthralled by the huge potential of cryptocurrencies and their underlying technology – blockchain – James dedicated himself to learn more about the industry, becoming a highly sought-after writer in the sector. He covers news, white papers and any content related to cryptocurrency and blockchain in general.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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