Discover the latest developments which may provide clues to a Berry Max scam. Read exclusive reviews that you won’t find anywhere else.
In order to keep its customers happy, FS Global is posting daily updates to Telegram. The majority of investors in Berry.im tokens are from South Africa, Botswana, UK, Rwanda, and USA. The CEO of the Non-Bank Financial Institutions Regulatory Authority (Botswana) has publicly informed Berry.im that the company does not hold a license to trade virtual assets or provide services.
Have you heard that withdrawals from Berry.im have been stopped? Let’s take a look at Berry Max Scam.
Here are the details of the Berry Max scam:
On 12th/December/2022, NBFIRA announced that Berry.im is not a licensed virtual asset service provider. Berry.im, however, continued to draw thousands of investors.
Starting on the 13th of June 2022, Berry.im is registered for a year. The registration will expire on the 13th of June 2023. Berry.im has stopped withdrawing funds one month before its registration expires. This is a warning sign! After 2nd/May/2023, investors were unable to withdraw their funds.
Withdrawals of up to $1,000 were allowed within 24 hours, and Berry Max Trading Platform tried to calm investors’ fears by announcing that Berry.im was being upgraded, and deposits and withdrawals had been temporarily suspended.
In this case, investors lost confidence as the issue remained unresolved even after a 20-day period.
Investor havoc prevention:
The Berry.im team announced on May 12th, 2023 that they were rebranding into BERRYMAX. This is a clue that Berry Max is a scam. Their tokens will now be marketed under BRY, with the option to buy BERRYMAX INSURANCE tokens. As upgrades continued, 23 Zoom meetings were announced on Telegram.
Berry.im informed customers that they are taking strict measures against fraud. It announced that it would deactivate several non-authentic accounts by the 23rd/May/2023. These accounts could include fake trading accounts, multiple accounts held by the same person, or accounts inactive for a long time.
It was possible to reactivate accounts that had been inactive for a long time on Berry.im.
Schemes based on Ponzi:
In addition to the deactivation of several fraudulent accounts, Berry.im has announced promotions and bonuses for BRY tokens staked. After Berry.im tokens were converted to BERRYMAX tokens on May 23rd, 2023, the company offered a 10-fold valuation increase, a 30% Member Appreciation bonus, as well as quick buy options and withdrawals.
As a result of recent developments and rebranding, Berry.im stated that they are focused on stabilizing BRY tokens. The platform offered various promotions to stake BRY in the coming 90 days.
In the promotion, investors were told they would receive 100 USDT for unlocking BRY after staking, as well as the option of freely buying and selling BRY, a hint about . Is Berry Max Scam? For a period of three months (90-day stake period), BRY targets were a 20% increase in BRY tokens per month, a 20% increase in 24-hour trading volume, and a 50% increase in 24-hour trading volume.
There are no updates on Berry.im at the moment. Some regions show 404 pages not found. Telegram is the only way to stay up to date. Though Berry.im was shutting down, it still attempted to collect as many investments as possible through staking promotions while disabling withdrawals! Therefore, BERRY MAX appears unauthentic.
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