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Russian Holding Company That Attracted Crypto Investment Suspends Activity

09:25 14/10/2018
Crypto Pyramid Suspends Its Operation

Cashbery, the Russian holding company, accused by the Central Bank of Russia of creating a financial pyramid, is forced to suspend its work until the beginning of November, Artur Vardanyan, the head of the company, informed in a video message on YouTube channel.


Over the past few weeks, dozens of negative reports and hundreds of news, as well as YouTube videos, have been created in numerous Russian mass media about the activities of the holding company. It faced such a flow of charges for the first time, Vardanyan stated.


According to him, the bank and exchange accounts of the firm were closed, the partners of the holding were blackmailed, executives were intimidated, malicious activities aimed at undermining the work of the website were carried out, and events were canceled.


As a result, Cashbery is forced to suspend its work. During this time, the head of the holding company plans to restore the accounts in order to fulfill all obligations to the partners. Until November 1, the deposit and withdrawal of funds, as well as referral bonuses will be canceled.


Vardanyan urged investors not to panic. He will inform the platform’s users about the progress of the business recovery every Thursday.


The company offers to invest in various types of loans and operations with crypto assets, promising annual income of up to 600%. In September, the Central Bank of Russia discovered the facts of using financial pyramid schemes at the holding and passed the information to law enforcement agencies.

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