Skainet Systems restricts withdrawals, forced new investment
Skainet Systems’ drawn out collapse continues.
Following withdrawal delays throughout December 2024 and incentivizing locking up funds for another six months last month, Skainet Systems is now demanding new investment.
As per reports from investors, if a withdrawal request is made Skainet Systems is demanding new investment equal to 51% of an affiliates’ backoffice balance.
The current status is that because wallets are supposedly frozen, withdrawals in USDT TRC 20 are no longer possible, so people have to deposit 51% of their current balance in USDT or USDC Bep 20 so that they can withdraw anything at all.
So it’s a classic scam with a refund scam method to get fresh money again.
First reports of Skainet Systems’ new withdrawal restricts began on or around January 22nd.
Later that same day it was also added that Skainet Systems was only paying withdrawals if recruited investors invested with USDC. Support tickets were also being deleted.
It should be noted that Skainet Systems’ new withdrawal issues and restrictions coincide with a January 22nd BaFin securities fraud warning.
Skainet Systems is an MLM trading ruse Ponzi run by Michael Baur (aka Micha Baur).
Baur is a German national and serial fraudster hiding out in Dubai.
As of December 2024, SimilarWeb tracked top sources of Skainet Systems’ website traffic as the UAE (26%), Italy (24%), Germany (15%), Vietnam (15%) and Sweden (10%).
Outside of the UAE (Dubai), Skainet Systems’ website traffic plummeted by as much as 84% month on month.
Pending confirmation Skainet Systems has disabled withdrawals altogether, stay tuned.
Hat tip to the “Skainet Systems Scam – Not What!?” FaceBook group for the heads up on this one:
facebook.com/groups/551663097592825/posts/597644439661357/
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