The cryptocurrency platform BeeFund is suspected of freezing customer balances and shutting down its website, suspected of being a scam

ChainCatcher news, according to Portal Do Bitcoin, the BeeFund platform is suspected of freezing customer balances and shutting down its website.

Initially, the cryptocurrency investment program offered by the company promised a maximum daily return of 12.75%. Since the beginning of October, BeeFund has received numerous complaints about frozen withdrawals from customers on the Reclame Aqui website. In response, BeeFund announced in its Telegram group that it would convert all customer balances into a new cryptocurrency called BEEB 2.0.

To access their balances, customers must first deposit $10 in stablecoins before November 6. If this requirement is not met, starting from November 7, customers will need to pay 10% of their frozen balance to redeem their funds. For example, a customer who invested $1,000 would need to pay $100 to redeem.

This move has raised concerns in the community about the platform's transparency and legitimacy, suspected of being a scam.