Rather than admit they’ve run out of money to pay off existing investors, AWS Mining came up with an elaborate fire damage story.

It is with regret that AWS MINING informs that a fire has destroyed one of our Crypto Mining Farms in Paraguay.

Although the reason behind this devastating fire remains unknown, it is certain that there will be heavy economic losses for the company.

According to the statement issued by the farm manager in Ciudad del Este, the fire took place on Friday, March 29th, between 2pm – 4pm, and destroyed thousands of machines and servers causing an estimated total loss of nearly $5 million dollars.

As a consequence of
the fire
AWS Mining running out of money, the company has not paid investors for weeks.

The latest has seen AWS Mining give up on paying investors back. Instead the company wants to wipe the ROI slate clean and reboot as AWS Capital.

AWS Mining’s announcement comes on the back of a barrage of complaints on its official Facebook page.

Instead of addressing investor complaints of little to non-existent ROI payouts, AWS Mining is directing investors to contact “help centers” for support.

According to AWS Mining’s announcement, the company hopes to introduce its AWS Capital reboot by May 1st, 2019.

As opposed to fire damage, the company cites the Texas cease and desist and “sudden drop of crypto values” for its collapse.

Our corporate staff, partners, leaders and global consultants have been working intensively to find solutions for our Business Model.

We have adjusted our Business Model following the requirements of some of the toughest regulators in existence so that our customers can be safe when promoting AWS MINING products and services to others.

Our goal is to deliver a profitable, transparent and innovative product to our customers.

As part of AWS Mining’s commitment to regulatory compliance and transparency, the company has announced a corporate move to Dubai – a jurisdiction with little to no regulation or corporate transparency requirements.

The first requirement was to choose our new home. And for that we have strategically chosen Dubai as our new jurisdiction.

Dubai has an open economy with favourable business regulations, such as adopting open policies for crypto friendly businesses and blockchain technology.

To be clear, neither cryptocurrency businesses or blockchain technology are illegal in the US.

Passive investment schemes like
AWS Mining
however are strictly regulated.

The reason for this is so that investors have confidence companies like AWS Mining are actually doing what they say they are doing, as opposed to committing investment fraud.

When
AWS Mining received its Texas securities fraud cease and desist notice
, all they had to do was register with the TSSB and provide evidence of external revenue being used to pay affiliates.

Rather than do this, AWS Mining didn’t respond to the notice and eventually stopped paying investors.

Because y’know, transparency.

AWS Capi

🤖 Quick Answer

What happened to AWS Mining's Paraguay crypto farm?
A fire destroyed AWS Mining's cryptocurrency mining facility in Ciudad del Este, Paraguay on March 29th, causing approximately $5 million in losses. The incident destroyed thousands of machines and servers, though the fire's origin remains undetermined according to the farm manager's statement.

Why did AWS Mining stop paying investors?
AWS Mining ceased investor payments following the Paraguay farm fire, which resulted in significant financial losses. The company reportedly lacked sufficient funds to continue compensating existing investors after the infrastructure damage.

What is AWS Capital's connection to the collapsed mining operation?
AWS Mining announced plans to reboot operations through AWS Capital based in Dubai following the Ponzi scheme collapse. This relaunch represents an attempt to reorganize the failed investment scheme under a new entity and jurisdiction.

🔗 Related Articles

- Lifestyle Marketing Group Review 2.0: Matrix points pyramid
- KOK Play Review: KOK token 200% ROI Ponzi scheme
- PetronPay securities fraud warning from QC, Canada
- Bank of Hodlers Review: Ponzi scheme with BOH token exit-scam
- Crown Global securities fraud warning from ON, CA