Crypto Program’s Amsys Collapse! What Next?

amsys collapse

Amsys Global News Today: We have warned users many times to avoid non-regulated and Ponzi schemes.

One such suspected scheme, Amsys (Crypto Program) collapsed and paused the withdrawal on 11 August 2023.

In this post, we will provide updates regarding the collapse of Amsys and offer guidance to those affected by the recent Amsys withdrawal issues.

Amsys Collapse

Amsys, a once-promising investment platform, has now become synonymous with disappointment and financial turmoil.

Before its shocking collapse, Amsys was presented to investors as an opportunity to multiply their money through cryptocurrencies.

amsys collapse

Run by Ed Zimbardi, this venture garnered attention in the cryptocurrency community for its seemingly attractive offers.

Amsys emerged as a rebranding of the earlier scheme known as CryptoProgram, which was launched in late 2022.

CryptoProgram caught the eye of potential investors by making a bold claim – a monthly return of 25% on investments.

CryptoProgram’s claims and operations drew regulatory attention from authorities in multiple regions. British Columbia, Alberta, and California issued securities fraud warnings against the scheme.

Amsys paused the withdrawals and claim to fix it very soon.

Dear Valued Users,

In these challenging times, we understand that the current pause in our program might raise questions and concerns.

We want to address these issues head-on and provide you with the assurance you need. This pause is not only a necessary step but also a crucial one to ensure a brighter and more secure future for all of us. It will return. It is not going anywhere anytime soon.

We are fully aware of the difficulties that have arisen due to inconsistencies between the old and new databases. These discrepancies have led to a range of issues that have affected your daily experience, from tracking and payouts to cancellations, reporting, activations, and even more concerning instances of double payments and fraudulent activities.

We deeply regret any inconvenience you’ve faced as a result.

Please understand that your crypto is safe. The main reason behind these significant changes is to protect your interests and the platforms integrity.

By pausing the program and taking a thorough approach to resolving these issues, we’re demonstrating our unwavering commitment to your future well-being.

During this pause, our dedicated team is working relentlessly to address every concern. We are not only focusing on restoring functionality but also taking this opportunity to completely overhaul our database and website.

This meticulous review of each and every record is ensuring the highest level of accuracy and reliability for your data.

Furthermore, we are actively developing a more robust payment processing system that prioritizes security.

We are also upgrading the purchasing platform to provide you with a smoother and more user-friendly experience. These changes are designed with your satisfaction and safety in mind.

Your patience during this phase is genuinely appreciated. We understand that you may have additional questions, and we wish we could provide all the answers immediately.

However, at this time, the information we’ve shared represents the extent of our current understanding of the situation.

Please be assured that your trust and crypto are of the utmost importance to us. We are taking every possible measure to protect your accounts, information, and packages.

While we work diligently to resolve these matters, we encourage you to avoid clicking on any links sent via email to prevent phishing attempts that could compromise your account security.

When the program restarts within the next 90-120 days, it will emerge as a stronger and more sustainable platform.

The challenges we’re addressing now have prompted this temporary pause, but this proactive approach is what will secure a brighter future for us all.

Top affiliates will be contacted first to be re-onboarded to ensure that everything is working perfectly before everyone is re-onboarded.

As we move forward, we will provide you with details on accessing our new system. We’ll guide you through the process to ensure a smooth transition, and you’ll be able to use the same email address to re-establish your account.

Please note that your password, 2FA, and wallet will be reset as a precaution. Once the pause period concludes and we relaunch, payments and cancellations will resume without any disruptions.

Until every record is reviewed no one will be bumped to the front of the line for cancelations they will resume within the 90-120 point.

There is no reason to message customer support as they will not be able to respond to any exceptions you may have. We ask you to be patient.

We want to express our gratitude for your understanding and patience during this period of transformation.

This pause reflects our commitment to providing you with an enhanced and secure experience. Stay tuned for more updates within your account, and let’s look ahead to a brighter financial journey together.

Warm regards,

Read: PBI & MOVEit Data Breach Update

How to Withdraw Investment?

As the Amsys scheme fell apart, it has become really difficult for people to get the money they were promised back.

Even though the website appears to be functioning, people have been facing difficulties in withdrawing their money since August 11th.

The situation where you can deposit money but can’t withdraw any makes it clear that the entire scam has collapsed.

If you’ve been tricked by Amsys or a similar scam and lost money, it’s a good thought to consider filing a formal complaint with the Securities and Exchange Commission (SEC).

Read: Kroll Monitoring Review

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