We have warned users in our previous Catly.io Review to not invest in such scam platforms.
Our suspected scheme, Catly has collapsed. Catly disabled the withdrawal on 19 August 2023.
In this post, we will provide updates regarding the collapse of Catly.io and offer guidance to those affected by Catly Withdrawal issues.
Catly, believed to be operated by Chinese and/or Russian scammers, was launched just a few months ago.
It enticed investors with the promise of a 3% daily return on investment, following the typical “staking” Ponzi model.
The collapse of the Catly Ponzi scheme on August 19th has left investors in a state of shock and disappointment.
In a rare display of honesty, Catly admitted that the outflow of funds from daily buybacks had surpassed the inflow of funds from the presale.
Catly has stopped its presale and buyback operations to ensure a successful listing of its CATLY token on exchanges.
Catly has promised to release a new CATLY token contract, distributing tokens to holders’ wallets, and listing on encrypted exchanges, which will actually be carried out.
Given the disabling of website support and the deletion of Catly’s social media profiles, it seems likely that the scammers behind Catly may simply vanish, leaving investors empty-handed.
Read: WixGifts.com Review
How to Withdraw Money From Catly
With the collapse of the Catly scheme, retrieving the promised funds has become exceedingly difficult.
Despite the website catly.io is working, individuals have encountered significant challenges in withdrawing their funds since August 19th.
The inability to withdraw funds, while still being able to deposit them, serves as a clear indication that the entire scam has unraveled.
If you’ve been scammed by Catly or a similar scheme and lost money, it’s a good thought to consider filing a formal complaint with the Securities and Exchange Commission (SEC).
Read: WeWe Global Collapse!