Post by sytap on Feb 4, 2024 20:02:52 GMT
Freewallet is not legit
While the administration of Freewallet claims legitimacy, a deeper investigation raises questions about the validity of such assertions. One of the glaring issues is the discrepancy in the company's legal status. Despite the claim that Wallet Services Limited is the owner of the project, information indicates that the company ceased to exist in 2022.
This cessation of the named company poses a significant credibility challenge for Freewallet. Users entrust their digital assets to a platform that seems to lack a clear legal entity behind its operations. The absence of a current and verifiable legal standing raises concerns about the accountability and transparency of Freewallet's practices.
Moreover, according to our data, the owners of the wallet are natives of Russia, who at the same time hide their names and do not advertise their involvement in the project. Is there any other explanation for this other than the desire to avoid liability for theft of user assets?
Is Freewallet Legit? No, It's a Scam
Allegations of scam activities further tarnish Freewallet's legitimacy claims. The accusations center around a KYC scam The platform engages in fraudulent practices to steal user assets. KYC, or Know Your Customer, is a standard process in the cryptocurrency industry to verify user identities for security purposes.
However, Freewallet allegedly exploits this process to their disadvantage. The accusations include prolonged delays in verification, sudden suspension of accounts, and additional, unexpected KYC requirements after the initial verification process. These actions are deceptive tactics to block access to funds under the guise of regulatory compliance. We have counted that Freewallet owners already stole almost $10 000 000!
While Freewallet claims to be legit, the evidence presented in this article suggests a stark contrast. The discontinuation of the purported owning company in 2022 and allegations of a KYC scam raise serious doubts about the legitimacy and trustworthiness of Freewallet org.
Do not rush to believe the words of the administration! First, read customer reviews and opinions published on independent resources. In the reviews you will see many stories about how the administration simply stole clients’ savings! So it's not legit. It's a scam!