The majority of Berry.im investors came from South Africa, Botswana, the UK, Rwanda, and the United States. FS Global, the parent business, tries to keep clients by giving regular updates on Telegram. Berry.im does not have a permit to provide or trade virtual assets, according to a public notice from the CEQ of the Non-Bank Financial Institutions Regulatory Authority, Botswana.
Did you aware that Berry.im no longer allows withdrawals? So, let’s examine Berry Max: Is it a Scam?
About Berry Max Scam
The Berry.im cryptocurrency trading website is an unlicensed provider of virtual asset services, according to the public notification that NBFIRA released on December 12, 2022. Nevertheless, Berry.im was receiving investments from tens of thousands of people.
The Berry.im platform was registered on June 13, 2022, and it will expire on June 13, 2023. The fact that Berry.im stopped making withdrawals one month before the website’s registration expired is a serious warning indicator! Major changes began on May 2, 2023, when investors discovered they could not withdraw their money.
In the past, Berry.im allowed withdrawals of a minimum of $10 and a maximum of $1,000 every 24 hours. In response to investor concerns, Berry Max Trading Platform publicly announced on the platform that deposits and withdrawals had been temporarily blocked while Berry.im was being improved.
Berry.im gained some time by posting such a notice. However, things got out of hand when the problem wasn’t repaired even after 20 days, which this time undermined investors’ confidence.
Further averting havoc among investors
Finally, Berry.im announced on May 12th, 2023 that it is changing its name to BERRY MAX and that its tokens will be listed as BRY with the option to back them up with BERRY MAX INSURANCE (BMI tokens), which raises the question of whether Berry Max is a scam. At least 23 invitations to Zoom meetings were posted on Telegram while upgrades progressed to inform investors of the changes. Berry.im let its clients know that company is taking serious precautions to thwart fraud.
As a consequence, it declared that a number of fake accounts would be deleted by May 23rd, 2023. These accounts include fictitious trade accounts, several accounts held by a single person, accounts with little activity, etc., Berry.im gave investors the chance to revive their accounts if there hadn’t been any activity in a while.
Ponzi schemes
Berry.im released bonuses and promotions for staking BRY tokens together with news regarding the deactivation of multiple fraudulent accounts, which is believed to check Is Berry Max a Scam. After Berry.im changed to BERRY MAX tokens on May 23, 2023, it provided a 10-fold valuation rise, a 30% Member Appreciation Bonus, and access to rapid buy choices and withdrawals. Berry.im also stated that it is concentrating on stabilising BRY coins because recent developments and rebranding may cause investors to sell BRY tokens and withdraw money. Thus, the site provided a number of discounts to stake BRY for the upcoming 90 days!
According to the advertisements, investors would earn a 100 USDT commission when 5 BRY were unlocked after the staking period, as well as the freedom to buy and sell BRY. The BRY platform’s objectives include a 20% monthly rise in BRY tokens, a 20% daily increase in trading volume, and a 50% increase in performance over the course of two consecutive months. Therefore, the promotion is valid for three months (30-day staking period).
Conclusion
The website berry.im is now dormant and displays a 404 page not found error in several areas. Updates are only given over Telegram. By reading this, you may have realised that Berry.im is closing down but is still attempting to attract as many investors as possible by running staking incentives and blocking withdrawal choices. BERRY MAX thus seems to be a fraud.
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Is Berry Max a Scam – FAQ
1Q. When will Berry.im shut?
Ans: It is expected that Berry.im may close within specified 90-day BRY staking period.
2Q. What are good signs that Berry.im is NOT a scam?
Ans: The signs that Berry.im is NOT a scam is supported by below points:
• Berry.im just offers trade signals.
• It does not trade on the investor’s behalf.
• It does not advertise get rich fast schemes.
• It has a stringent registration process and disables accounts with fraudulent activity.
• It offers regular updates and schedules Zoom sessions.
3Q. Is investing in BRY a decent decision?
Ans: It is better to wait for few months prior to investing in BRY, and initiating withdrawals (ASAP once option Is available) is suggested due to ongoing developments.
4Q. Is berry.im and Berry Max and Nasdaq (or) BRY listed?
Ans: No, they are not categorized on NASDAQ. Company categorized under NASDAQ bearing trademark berry is dissimilar entity.
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