A few days ago My Passive Trades has suspended payouts.

The company announces on their website and blame COVID-19 for the collapse.

This is what said…:

due to the current global financial unrest that was triggered by the outbreak of the COVID-19 pandemic alongside the oil war and other factors.

“Other factors” presumably being the usual “withdrawals exceeded new investment” Ponzi undoing.

On top of not paying returns, My Passive Trades has also frozen withdrawals.

Within this unique context we can’t be confident of hitting our profit targets at our time targets with our current forecasting models. Therefore we will suspend trading in this market and we’re going to temporarily halt earnings, deposits and withdrawals until trading resumes when the market is safer.

My Passive Trades was an adpack Ponzi scheme launched in June 2019.

On top of that they were NOT registered with ANY securities authority to offer these types of returns.

Probably because they didn’t have any PROOF of external income coming into the company…

I wonder why…

This must be the first company to blame COVID-19 for it’s collapse.

I am curious how many other passive income opportunities like this will follow in My Passive Income’s foot steps?

There is probably much more to come…

Instead of trying to worry about joining something legit, I did the research for you right here.

You never have to worry about an exit scam with that 🙂

Here is the full announcement just for your records:

Dear MyPassiveTrades members Due to the current global financial unrest that was triggered by the outbreak of the COVID-19 pandemic alongside the oil war and other factors, the Cryptocurrency markets are getting into unprecedented and incredibly unique market conditions with extreme reactions to all kinds of fleeting headlines and political speeches and statements. As a new asset class that emerged a little over a decade ago, Bitcoin and Cryptocurrencies have never been in such a challenge facing both a global pandemic and a global financial recession. Within this unique context we can’t be confident of hitting our profit targets at our time targets with our current forecasting models. Therefore we will suspend trading in this market and we’re going to temporarily halt earnings, deposits and withdrawals until trading resumes when the market is safer. We exited all our positions very early on and we are not planning to trade this market until it is less volatile and less sensitive to every politician’s word and every news headline. We need to protect funds and maintain stability while not taking massive risks like engaging in the current market. Sustainability is essential for us here in MPT and prevention is always better than cure. We have always been fully transparent with our members and our plan is to always fight for the well-being of the MPT community. This is a lifelong mission for us and we are not going anywhere. We will do a live video tomorrow to discuss the situation and answer your questions. Thank you for your understanding.

I hope you were not involved with this company and on another website I did a review where I did call it a scam…

You can check that out here.

Anyway, that is for the news for this company, always check back on my latest posts 🙂

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See you at the top,

-Jesse Singh

P.S. If you are tired of failing ANY business, click here and check this out to take your game to the next level.