Yield App Overview
Yield App has a 1-star rating, derived from feedback provided by 2 customers. In the Cash Services category, it secures the 121th position out of 165 companies.
Rating
Yield App Reviews
Anonim
Yield.app with no regulatory oversight
I dont believe Yield.app run by Tim Frost , Justin Wright , Lucas Kiely Jason Corbett is clearly a Ponzi scheme. Is accurate as its only a Ponzi scheme if they recycle money from investors to payout. However can it become a Ponzi scheme or scam sure Yield.app is not regulated or licensed in the territories it operates in. With base of operations in Thailand they have no licensing there. There is a licensing regime but seems they choose to fly under the radar of the regulators there. This could potentially be the start of it turning into a Ponzi scheme as the only thing stopping it from becoming one is the integrity of the management. If you like to hope then go for it. Otherwise stay away from such operations. There will be no regulator to complain to when your coins disappear or get hacked by some inside job they pull off. Buyer beware
Anonim
Ponzi scheme scam
This Yield.app run by Tim Frost , Justin Wright , Lucas Kiely Jason Corbett is clearly a Ponzi scheme. They take crypto in promising to pay a nice yield and then they trade it. They make lots of money and keep the difference between what they make and what they pay out. If they loose they close the shop and keep your coin. They operate in Thailand with no licensing in Thailand despite the fact that Thailand has a licensing regime but instead they hide in their offices and have weak offshore registration. Weak to say the least. Also their metric on how much coin they hold is completely false and misleading. If they were handling fiat though they would be in jail. Instead they will end up keeping your coin. Buyer beware.