Shortly after COTP’s demise, Metafi Yielders’ co-founder and CEO Michael Daher held a live stream on Facebook.
Daher went on to provide more bad news after acknowledging that some investors were suffering a “meltdown or panic.”
Daher described Metafi Yielder’s failure as “simply a pause,” blaming “the market.”
Our system requires some adjustments. Because I wasn’t expecting a crash, we’ll need to make some adjustments to our algorithm.
Daher went on to say, “Thanks for your money, g’bye,” rather than “changing.”
So we’re turning it off for the next thirty days.
There will only be minor updates to the website. We’re not going to use a timer for this. It won’t take as long as you think.
We do not accept deposits or withdrawals at this time. There has been no money theft.
Daher goes on to say that KYC might be used as an exit fraud method in the future. Investors’ live chat service has likewise been discontinued.
To put it another way, it’s over.
I mention this because Metafi Yielders has been requesting $10,000 investments for the past twenty days.
On or around May 4th, Metafi Yielders’ 4.2 percent a day plans were established, which were designed to lower the initial 42-day plan expiry cashing out.
The plans are set to expire in 42 days (Metafi Yielders prolongs collapse by only paying Monday through Friday), and the first twenty days have already gone.
With so many MLM crypto Ponzis failing recently (many of which are managed by the same set of con artists), a new bogus infinity % scheme is unlikely to retain people reinvesting.
As a result, Metafi Yielders has simply stopped accepting withdrawals. Rather than admitting they’re exit-scamming like COTP, you have a “pause” ploy to draw things out.
However, math is math, and the ultimate conclusion is always the same.
The other clue is Metafi Yielders’ continuous withdrawal issues, which started just a few days after the 4.2 percent plan was announced.
New limits were imposed on May 17th, with withdrawals still restricted.
• Withdrawals will now be accepted manually, with a 24- to 48-hour wait period; • Investors will no longer be able to withdraw their funds before their investment plan expires.
Withdrawals were blocked again the next day. They weren’t reopened until May 20th, with the same limitations as before.
Over the next two days, I’m guessing everyone cashed out what they could… We’ve reached the point when the writing is on the wall.
Michel Daher, an actor from Perth, Australia, plays Metafi Yielders’ accomplice CEO “Michael Daher.”
Metafi Yielders’ true owners are thought to be the typical Russian Boris CEO, suspects. They’re also accused of being behind the recently defunct Swapnex Ponzi scheme.
According to SimilarWeb’s continuing study, traffic to Metafi Yielders’ website peaked in April. We don’t have a breakdown by region yet.
Investors in Metafi Yielders are valued at over 20,000, according to Daher. The total amount of money lost by investors is unclear.