Audience
Financial companies and anyone looking for a savings account solution to earn interest through cryptocurrency operations
About Linus
Earn interest like you do with a savings account, but you get 64x more. Deposit using your bank account or your debit card and earn interest immediately. When you need help, our team is available 7 days a week. Chat with us or give us a call. Linus connects your funds to borrowers in digital asset credit markets, where demand for your cash is greater than with your bank. Linus makes this process simple. All you need to manage is your email and password. Go from zero to earning in minutes. We are a startup that’s nimble, lightweight and unabated in our dedication to our customers. Linus partners with insitutional borrowers and prime brokers to offer the best risk adjusted rate on the market. No customer has ever experienced a loss of funds to date. Linus helps you reach borrowers in digital asset credit markets, which can be difficult to reach. Some of these yields you can reach on your own, others you cannot.
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"Linus Coin - Linus Blockchain Foundation is Scanning " Edited 2024-07-07
Pros: * The group appears to be engaged in hiding taxes and moving money from Dubai to the USA.
My Experience:
* I have suffered a total loss of the funds I invested in the Linus platform.
* The manipulative practices and inconsistent information provided by the group members have led me to believe that this was a coordinated scam.
* The group appears to be engaged in hiding taxes and moving money from Dubai to the USA.Cons: High Profit Promises**:
The company promises incredibly high returns, ranging from 120% to 200%. While they might initially deliver on these returns, the strategy is to gain your trust and then restrict access to larger funds, making it impossible to withdraw substantial amounts.
2. **Limited Online Information**:
A search for the company reveals limited information, primarily consisting of paid articles on platforms like Yahoo Finance. These articles are often promotional rather than unbiased reports, which raises concerns about the transparency and legitimacy of the company.
3. **Withdrawal Issues**:
Initial small withdrawals might be allowed to build trust. However, users often face significant challenges when attempting to withdraw larger sums, effectively trapping their funds within the platform.
4. **Connections to Dubai**:
The company's ties with Dubai can complicate legal recourse due to differing international regulations. This connection further adds to the risk, making it difficult for investors to reclaim their funds if issues arise.
5. **Certificate Misrepresentation**:
Although the company might provide a certificate, further investigation reveals that Canada typically issues only registration documents for such entities. This misrepresentation can mislead investors into a false sense of security.
6. **Regulatory Details**:
Despite being registered with FINTRAC, the risks associated with this company are substantial. Researching scam reports and consulting financial experts is crucial to understand the potential dangers.Overall: Engaging with Linus Blockchain Foundation is highly risky and not recommended. The promises of guaranteed high returns are unrealistic, and the potential for being unable to withdraw your funds is significant. It is crucial to conduct thorough research, consult financial advisors, and rely on credible sources before making any investment decisions. The likelihood of losing your money is high, and the company's strategy appears to be designed to trap investors after initial trust-building phases. Proceed with extreme caution.
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