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CryptoFamily is the brainchild of one Nebojsa Katic, widely viewed as a victim in the Crypto Investment world. The ugly truth is, that Nebojsa is targeting investors who sign up on his platforms.
Our CryptoFamily review exposes why the platform is a high-risk no no-reward platform. A Reboot from the previously failed project under the same banner is now gearing towards the first vesting period.
Investors are worried the platform will fail to allow withdrawals. Katic on the other hand wants a prolonged investment and more sign-ups. He will use the same tactics as before, move around funds from newer sign-ups to fund accounts of older investors.
That’s what’s happening with this wash-and-rinse scam that was kickstarted a few weeks back. The first project collapsed mid-year after promising investors 8.33 percent daily guaranteed profit margins.
With the new project, CryptoFamily is requesting a minimum investment of 69 USDT for investors to purchase NFTs on the platform. The original purchase deadline was set for September and was later moved to October.
During the same month, CryptoFamily promised to allow withdrawals. With their third domain cryptofamily.co, the platform hopes to target hundreds of investors with targeted Telegram campaigns.
Here’s our candid CryptoFamily Review and what the end holds for investors.
There have been three reboots of this Crypto MLM product and service platform in the last year alone. With each project, Katic has come up with a new domain to support or enlist newer investors.
Cryptofamily.love, cryptofamily.world, and now cryptofamily.co, all these websites are the point of entry. Two of the three websites are down with ‘403 ERROR’ forbidden messages which is a testament of what’s to come.
Thanks to Google Forms and Telegram groups, the platform is now selling the idea through YouTube channels. You will note that the main platform doesn’t have any information pertaining to the product or service on offer.
Investors are to sign up and deposit funds without asking any questions as Katic insists he knows what he’s doing. Accountability and transparency are nowhere near what the platform insists on offering to the general public.
When investing in any crypto venture be it staking or trading, you need to have a clear proof of concept. That’s not the case with CryptoFamily as the platform fails to offer any valid investment feature.
With a repeat of what happened before, we have to warn investors from signing up. The fact still remains that no such product from the Crypto Family has turned successful. That’s why we don’t expect this platform to be any different.
Based in Dubai, Katic has an immense Crypto following based on some of the products he offers. He has come under heavy scrutiny in the past for failing to offer credible information on his wealth.
We all know that Dubai is the hub of Crypto MLM products and Katic has earned much of his wealth to such products and services.
To keep the platform and users engaged, CryptoFamily does allow partial withdrawals. It helps to sell the allure the platform is indeed earning ROI for the staking services on offer. That’s far from the case as this is not the ideal scenario you will experience at the end.
For years, Katic has managed to perfect the art of fooling investors by moving money around. CryptoFamily is no different as we strongly believe this is likely his last project before retirement.
Katic will try and pull all the stops when it comes to defrauding as many investors as he possibly can. And that’s why he has also come up with an affiliate and bonus project on the side. Investors and marketers alike can now earn bonuses and commissions for referrals.
This has led to investors referring close family and friends to the project. At the end of the day, most will rue signing up with the platform or even having ties with their referred partners. The project has a different affiliate-level commission.
With the more numbers you bring in, the platform promises a higher commission. Bonuses are available for investors who deposit over 500USDT. The platform promises to match this amount after 20 vesting days.
These statements have driven investors to invest more with the hope of doubling their ROI. What the investors don’t count on is the brazen hypocrisy of Katic and his team. Only a handful of investors get to earn from this platform.
After joining the platform, the first message you will receive is that the platform gifted you with a coin. The coin is just a mere representation of what’s to come. Investigators are currently looking for wallet addresses belonging to Katic’s family members.
It seems Katic holds all the deposits in privately owned crypto wallets.
After making your first deposit, the platform gives traders five to six days before allowing the first withdrawal. The second phase of withdrawals are 12 days from the initial withdrawal. Members get the promise of withdrawing part of the ROI earned during the vesting period.
And is the case with such platforms, investors have their heads in the sand. The first and second withdrawals have a cap limit meaning you can’t withdraw the entirety of deposits made. And this is where Katic and his team think they are smarter than everyone.
What seems like ROI earned is actually part of your initial investment the platform allows you to withdraw. A large chunk of your deposit still remains with them. And after the second phase of withdrawal, Katic and his team moves in for the kill.
The platform will email you claiming you have successfully qualified to join the second tier. These tiers often offer higher ROI compared to the first initial deposit. All you have to do is add the needed funds to proceed.
At this juncture, the platform knows you already believe in the project. It’s either you’re all in or all out. This is when investors make the wrong decision of piling up more investment to the project.
Katic will then move to deactivate your account and block all communication. CryptoFamily will throw excuses to such actions such as breach of terms or excessive withdrawal requests. And that’s how investors lose their investment.
With many investors still reeling from the pain of other such-like products and services, the truth is finally coming out. Investors have called on authorities to apprehend Katic and his team vowing to put him behind bars.
Before you invest in any platform, we recommend doing due diligence. Try and find out whether the platform is legit or not. In terms of staking, confirm the token metrics and MyFxBook if it’s a trading bot on offer.
From the previous products and services under the CryptoFamily brand, it’s safe to assume the same is the case with the current project. Please stay away from this and any other such-like projects lacking accountability and transparency.
Katic and his team have been at it with such Crypto MLM products in the past. None of the products have been termed as profitable or successful by a large number of investors. Please stay away!
There are better and safer ways of investing in the Crypto niche.
Have you tried cloud mining? It’s a 100% legit and proven way of earning passive income.
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