Biman Das, the owner of FastBNB, has issued an update to investors following the company’s collapse a few days ago.
Naturally, Das’ last update is illogical.
Das’ update was provided by webinar and was online earlier today. Brian Rhodes, a US resident, and another fraudster joined Das on the webinar.
Das now has to deter investors from filing complaints with authorities after taking millions through FastBNB.
Das began his update by assuring investors that he “stand(s) strong on my part” and is “determined to expand my community.”
Das reframed FastBNB’s demise as the smart-contract being “halted for a specific length of time,” addressing the elephant in the room.
It’s merely a brief pause to better ourselves [sic]…
We are unwavering in our resolve. We have become more powerful. Our organization is moving forward positively.
Technical issues have been resolved…
For a few days, the smart contract, as we call it, has been paused. And we’re moving it ahead… We’ve solved the bugs, and now we’re only upgrading our smart contract to continue on our new adventure.
The smart contract for FastBNB has not been suspended. It had been emptied.
On BSC Scan, you may verify this for yourself.
Biman mentions the contract being emptied, but he does so with more crypto bro babble.
What happened to the smart-contract balance?
The first is a shorter BNB duration. Higher gas fees imply fewer transactions are completed, and hence less liquidity is created.
As a result, fewer BNBs are created to pay dividends and seed earnings.
In other words, withdrawals from FastBNB outpaced fresh investment.
I was shocked Biman went into such detail about the “glitches” he claimed to have remedied. They, of course, don’t make any sense.
FastBNB investors, according to Biman, were hit with exorbitant gas expenses when they tried to cash out.
You can see for yourself that BSC gas costs are reduced by 65% year over year:
There is no “new adventure” with the present contract, bugs, or no glitches. It has been chalked.
Biman is implying that he would restart the Ponzi scam with a new smart contract without stating so (since it would imply that FastBNB has failed).
Biman has requested a “certain length of time” before the introduction of FastBNB’s new smart contract.
The Ponzi scam, according to Biman, will be “back by next week.”
Even this is incomprehensible.
The deployment of smart contracts is as simple as pressing a button. Biman claims to have fixed FastBNB’s faults, whether they are real or imagined.
So, what’s the hold-up?
FastBNB affiliates are facing a lose-lose position regardless of what occurs.
Either there is no reboot, or millions of dollars are lost. Or there’s a reboot, and any cash Biman reinvests in the new contract is swiftly depleted, causing FastBNB to collapse once more.
Biman wraps off his update with a rant about “liquidity suppliers.” Because, you know, I’m sure they’re salivating at the prospect of dumping crypto into a defunct Ponzi scam.
FastBNB affiliates are more likely to be found in the United States and India.
Stay tuned for any FastBNB changes throughout the next week…
Biman Das’ update video has been removed from YouTube as of April 25, 2022. As a result, the previously accessible link has been blocked.
There haven’t been any new FastBNB updates since then.
The total amount of money lost by FastBNB investors is unclear. According to Alexa traffic rankings, the bulk of FastBNB victims is located in India, Italy, and the United States.