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Author Topic: Cloud Token Ponzi Scheme  (Read 150 times)
Krislaw (OP)
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November 10, 2019, 04:59:17 PM
Last edit: November 12, 2019, 01:12:19 PM by Krislaw
 #1

So, I saw this thread about cloud token some days ago, and they appear to be a ponzi scam. Cloud Token Wallet promises 6-15% monthly on investment by trading investors funds on an automated trading bot. I don't know if a similar thread has been created concerning this, but here are some red flag about why you should not try to store your funds there.
- You are required to sign up with a sponsor code when creating the wallet. You're given mnemonic phrase( which I think is only for recovery process within the wallet) and some 16 digits login ID.
- Bitcoin transaction takes long to appear on cloud token wallet
- You need to have some CTO in your wallet (which can only be gotten by investing) in order to send crypto out. Imagine saving funds on the wallet. Transaction fee is also ridiculous.
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- You can't export your private keys and the only private key you are given is for the ETH wallet and it isn't safe.
- Matching bonus and ranking system bonus is also ridiculous. 100% on first level.

Edit
- No proof for increase in CTO price.

In conclusion, Cloud Token Wallet appears to be an online wallet and a pure ponzi scheme. Forget about the events they have organised or the partnership they have secured, they will exit scam once new funds are not coming in.
NO TO PONZI
bL4nkcode
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November 10, 2019, 05:39:45 PM
 #2

I wonder how many people uses this wallet, base on their alexa rank they have decent traffic might just bots though.
Only an idiot will be using this wallet. I much prefer using blockchain.com wallet even it has lots of bugs and issues than using this wallet, seriously.
Anyway, their ann thread seems quiet, just let this project/site die slowly.
tmfp
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November 10, 2019, 06:24:10 PM
Last edit: November 10, 2019, 06:34:28 PM by tmfp
 #3


Quote
I don't know if a similar thread has been created concerning this
See also my Cloud Token Scam Accusation thread from six months ago.

Quote
they will exit scam once new funds are not coming in.
Indeed they will/are.
The details of which method Ronald Aai is employing to attempt that, you will find outlined here.


Extraordinary Claims require Extraordinary Evidence
Krislaw (OP)
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November 10, 2019, 06:44:42 PM
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Quote
I don't know if a similar thread has been created concerning this
See also my Cloud Token Scam Accusation thread from six months ago.

Quote
they will exit scam once new funds are not coming in.
Indeed they will/are.
The details of which method Ronald Aai is employing to attempt that, you will find outlined here.



Oh, I didn't see that actually. Nice thread also BTW.
We should not give these reapers any chance.

Cloud Token days are already numbered just like other ponzis that exited scam.

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November 10, 2019, 07:05:15 PM
Last edit: November 10, 2019, 07:19:17 PM by tmfp
 #5

Cloud Token was dwarfed by the original Plus Token $3bn ponzi, which it copied. S Block was another clone.

The Plus Token scammers left a (now) famous note


Extraordinary Claims require Extraordinary Evidence
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