This is what all Kuetzal investors got in their mailboxes on 12.01.2020.
Dear Kuetzal investor,
Our team wants to apologize for delays in payments and replies to e-mails received.
Unfortunately we have to inform that Kuetzal is announcing wind-down, furthermore the company will only process withdrawals of the funds, the company is no longer accepting new project applications, investors registrations and deposits. Company’s reputation was harmed sufficiently for the past weeks, and Kuetzal management does not see a way to recover investor’s activity, therefore we may not return to usual working process. The mission of the company may not be reached anymore.
Due to high number of reports, claims and negative messages SEB Bank and PAPAYA (the only two banks that Kuetzal used) initiated the AML check and has temporarily blocked Kuetzal’s bank accounts. Kuetzal is currently unable to perform any operations for undefined period. Kuetzal management is aiming to reestablish the activity of both operational bank accounts and perform buy-backs and withdrawals in shortest terms respectively.
Kuetzal will keep the investors informed.
We have not been able to make Kuetzal a successful player on crowdfunding market. We will however aim to exit the market quietly with minimum repercussion to our customers and the whole crowdfunding market. The website functions furthermore will be limited, only the user area will be kept. All the user area functions will continue working as before.
In case of technical issues with withdrawals or other question we kindly ask to use our contact mail instead of social networks or cellphone to receive the fastest service.
I strongly recommend reading a more skeptical opinion on Kuetzal’s case and other platforms.
Originally published on 12.12.2019
Wanted to warn my readers who might have not already heard of issues around Kuetzal. You can read more here – https://explorep2p.com/alborg-petrol/ and here – https://financiallyfree.eu/concerns-about-kuetzal-is-kuetzal-a-scam.
Several projects which are posted on their website seems like a fraud and if you have invested with them I am recommending to withdraw the money now and take the loss of 10% rather than 100%.
There are not issues with all projects, however, the recent event of changing their CEO does not help with trustworthiness.
Updated my comparison table accordingly.