Kairos Technologies under investigation in Hungary, suspend withdrawals
The September arrest of several ringleaders in Belarus appears to have caught up with Kairos Technologies, with news today that affiliate withdrawals have been suspended.
Citing “circumstances beyond our control”, Kairos Technologies advised affiliates
we were not able to start the payment process in time, caused by the necessity of urgent integration of a new bank for payment processing.
Unfortunately, the process of technical integration took more time than it was expected and promised to our Company.
Although not cited in the affiliate email, certainly the arrest of top investors and ongoing regulatory investigations would make it difficult for Kairos Technologies to maintain bank accounts.
In related news Hungary’s Municipal Prosecutor’s Office has opened up a criminal investigation into Kairos Technologies.
According to Index reporter Csurgo Denes, Kairos Technologies has been promoted in Hungary for about a year. Denes also believes Russians are behind the scheme.
Denes hopes the result of the investigation will “minimize damage” to investors and see Kairos Technologies closed.
BehindMLM first reviewed Kairos Technologies back in September of 2015.