The San Pedro scam continues to cause people to talk: the company accused of carrying out the scam, RainbowEX, asked the victims to make a new deposit and they have already managed to collect more than US$300,000.
It all started last weekend, when the company sent an email asking the victims to deposit US$88. in the wallet to enable the withdrawal of the invested money. After the scandal, the company is expected withdraw from the Argentine market.
The payment required by RainbowEX
It all started ten days ago when the trading platform, RainbowEX, began to raise suspicions in San Pedro, Buenos Aires. The company had dozens of people who deposited their savings in the wallet with the promise of receiving a 2% daily return.
Hours after suspicions began to grow around RainbowEx due to fraud, the company itself sent a statement to its investors, where it announced that Money cannot be withdrawn for 14 days.
After several days and two arrests by the Justice Department, the company communicated again with the victims in reference to the situation of the money they could not be removed until now. In that sense, RainbowEX sent an email to the victims where they were asked deposit US$88 to normalize your accounts and enable the withdrawal of invested money.
Despite suspicions about the company, hundreds of people wired money and the company raised more than US$300,000 from last weekend to today. However, Maximiliano Firtman, a technology journalist and programmer who warned about the scam through his X account, stated in the NA dialogue that “They will never give them the funds“since the number chosen (88)”It’s not a coincidence” and “they’re laughing at everyone.”
As detailed by Firtman on his social networks, 88 in Chinese culture means “wealth, karma and goodbye“. In the midst of uncertainty, the company announced that they will enable the withdrawal of money and, then, they will leave the Argentine market.
The details of RainbowEX’s message to the victims
The message circulated among victims provided recommendations on deadlines and procedures for closing accounts and withdrawing funds. “Please pay attention to the following Arrangements for account activation and withdrawal of funds in a timely manner: The activation period will be October 13 to 17, 2024, and the opening of the withdrawal of funds will begin on October 21, 2024 at 00:00 (UTC-3),” they detailed from the trading application.
In addition, they warned that “account activation is will automatically complete with a one-time payment of 88 USDT“, and it is warned that those who do not close their accounts “in time and form“could face confiscation of their funds and potentially be accused of money laundering.
Last Saturday, two men were arrested in the context of the investigation into a possible pyramid scheme in San Pedro. At the request of prosecutor Matías Di Lello, the Argentine Federal Police arrested Luis Pardo and Martín Liberati, both associated with the financial company Over Cash.
Source: Ambito
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