The September
arrest of several ringleaders in Belarus
appears to have caught up with Kairos Technologies, with news today that affiliate withdrawals have been suspended.
Citing “circumstances beyond our control”, Kairos Technologies advised affiliates
we were not able to start the payment process in time, caused by the necessity of urgent integration of a new bank for payment processing.
Unfortunately, the process of technical integration took more time than it was expected and promised to our Company.
Although not cited in the affiliate email, certainly the arrest of top investors and ongoing regulatory investigations would make it difficult for Kairos Technologies to maintain bank accounts.
In related news Hungary’s Municipal Prosecutor’s Office has
opened up a criminal investigation into Kairos Technologies
.
According to Index reporter Csurgo Denes, Kairos Technologies has been promoted in Hungary for about a year. Denes also believes Russians are behind the scheme.
Denes hopes the result of the investigation will “minimize damage” to investors and see Kairos Technologies closed.
BehindMLM first
reviewed Kairos Technologies
back in September of 2015.
Since then regulatory warnings have been issued in
Slovakia
,
Turkey
,
Lithuania
and
Estonia
.
🤖 Quick Answer
What is Kairos Technologies and why has it suspended withdrawals?Kairos Technologies is a financial platform that has suspended affiliate withdrawals citing "circumstances beyond our control" and technical integration delays with a new payment processor bank. The suspension follows arrests of key investors in Belarus and criminal investigations in Hungary's Municipal Prosecutor's Office.
How has the Belarus arrest affected Kairos Technologies operations?
The September arrest of several ringleaders in Belarus has impacted Kairos Technologies' ability to maintain banking relationships and process payments. Regulatory investigations have made it difficult for the company to sustain operational bank accounts necessary for affiliate withdrawal processing.
What reasons did Kairos Technologies provide for the payment delays?
Kairos Technologies attributed withdrawal suspension to unexpected delays in technical integration of a new payment processor bank. The company stated the integration process required more time than originally expected and promised, preventing timely initiation of payment procedures for affiliates.
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