WeWe Global has collapsed for a third time.

Following unscheduled “extraordinary maintenance” on August 11st, WeWe Global has now suspended withdrawals for a month.

WeWe Global investors were initially prevented from withdrawing on August 11th;

Javier Smaldone
was kind enough to tip me off. Figuring it might be a short-lived hiccup, I sat on it for a while.

There wasn’t really any further developments till a few days ago.

From the 19th of August to the 4th of September there will be NO activity on the platform.

Our NEW, IMPROVED PLATFORM will go live after the 4th.

WeWe Global disabled affiliate investors being able to cash out LFI (internal Ponzi points) for bitcoin (BTC). All they can do is convert LFI to WEWE-C, which must be reinvested back into the system.

With withdrawals disabled, effectively WeWe Global has collapsed.

Rather than just be honest about it, WeWe Global seem to have fed their investors a KYC exit-scam.

And withdrawals will now remain disabled to the 15th.

Obviously WeWe Global isn’t upgrading anything, nor do they care about KYC.

And even if you did buy into the exit-scam ruse, it certainly doesn’t take 30 days to upgrade some servers and run a KYC check again (WeWe global already initiated KYC to delay withdrawals some time ago).

In a legitimate business, any upgrades would be performed in a staging environment before being patched into the live service. Done correctly, this wouldn’t be noticeable to users.

It’s also a bit disturbing to see WeWe Global investors presenting regulations as an excuse for the exit-scam.

Regulation of securities fraud is straight-forward; either you’re registered with financial regulators and filing audited financial reports, or you aren’t because you’re a Ponzi scheme.

WeWe Global
is an obvious Ponzi scheme with no verifiable source of external revenue.

SimilarWeb tracks Italy (39%), Greece (15%), Germany (6%), Bulgaria (6%) and Peru (6%) as top sources of Wewe Global website traffic.

Recruitment in New Zealand was on the rise, till the FMA issued a
WeWe Global and LyoPay securities fraud warning
in February 2023.

WeWe Global
added LyoFi and LyoPay
after its original 2021 Ponzi model collapsed in 2022.

Assuming WeWe Global doesn’t just disappear between now and September 15th, what I’m assuming will happen is a reboot with withdrawal restrictions.

Basically anything to stop the withdrawals, in the hope enough new money still trickles in to make stealing money through WeWe Global worthwhile.

Update 21st September 2023 – 
WeWe Global has rebooted for a fourth time as
The Blockchain Era
.

🤖 Quick Answer

What happened to WeWe Global in August?
WeWe Global suspended withdrawals following unscheduled maintenance on August 11th, marking its third collapse. The platform announced a month-long shutdown from August 19th to September 4th for a new system launch, while disabling affiliate investors' ability to cash out internal cryptocurrency tokens for bitcoin.

Why did WeWe Global disable withdrawal functions?
WeWe Global restricted affiliate investors from converting LFI tokens to bitcoin, forcing reinvestment into the system. This mechanism prevented capital outflows and maintained liquidity within the platform during its maintenance period and system migration.

What changes were announced for WeWe Global's reopening?
WeWe Global promised an improved platform launch after September 4th. However, the suspension prevented all platform activity during the transition, limiting investor options to reinvesting internal tokens rather than converting them to external cryptocurrency assets.

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