SolaRoad has collapsed.
The Ponzi scheme has disabled withdrawals and initiated a “hackers!” exit-scam.
After withdrawals had been disabled, SolaRoad despatched out this investor communication on Might twenty second;
Our DAPP system has been invaded by technical hackers. We have now taken emergency measures to guard the safety of all consumer information.
We have now now cooperated with an expert technical safety staff to conduct a complete inspection and restore of the system.
The vulnerabilities of the hacker invasion have been found and resolved, and our safety measures have been strengthened to make sure that this example is not going to occur once more.
We are going to roll again the backup information and restore it to its authentic state earlier than 24:00 on Might 23, Singapore time.
On Might twenty third SolaRoad adopted up with one other communication;
We’re happy to announce that a lot of the information within the DAPP system has been efficiently restored.
To make sure that customers can entry our system safely and rapidly, we’ve got deployed node servers in a number of places all over the world.
We count on to finish the above module features inside 72 hours and plan to reopen all of the above features on Might 27, 2023, at 3:30 pm Singapore time.
It’s at the moment round lunch time in Singapore on Might twenty sixth. I’ll depart an replace beneath if SolaRoad reboots, however I needed to notice the unique collapse.
SolaRoad is believed to be run by Chinese language scammers hiding out in both Hong Kong or Singapore.
Chinese language scammers are infamous for initiating pro-longed exit-scams which, after the exit-scam has run its course, wind up with the rip-off’s web site disappearing.
A current instance of that is QZ Asset Administration, who strung buyers alongside for week with a “bogus IPO” exit-scam.
Of specific observe is SolaRoad attracting serial Ponzi promoters, a few of whom had been not too long ago wined and dined in Macau.
These promoters have been caught with their pants down after SolaRoad collapsed just some days after.
Religion Sloan is topic to a standing injunction prohibiting her from committing additional violations of the Securities and Trade Act.
All through promotion of SolaRoad and different Ponzi schemes to residents of third world international locations, Sloan has and continues to violate the injunction.
BehindMLM documented Sloan violating her injunction inside days of it being made ultimate again in 2019.
Sadly the SEC hasn’t adopted up on Sloan’s ongoing securities fraud violations.
Be it continued radio silence, a disabled web site, a brand new exit-scam ruse or Ponzi reboot, keep tuned for an replace on SolaRoad tomorrow.
