RainbowEX withdrawals, also known as Knight Consortium, appear to be facing inconveniences due to government restrictions in Argentina. The company warned investors that the deadline to pay 88 dollars and activate accounts was extended until Sunday, but it seems that many users may not be able to withdraw their funds as promised.
According to a specialist, it is estimated that around 50 million dollars could be held up in withdrawals, although most of these funds are considered "fictitious profits." He explained that withdrawals operate based on the faith that more money will continue to flow into the system, and when this is no longer possible, withdrawals cease to occur as they are no longer useful as a marketing strategy.
In statements to the Argentine News Agency, journalist Maximiliano Firtman expressed his skepticism regarding the possibility of withdrawals being made at this time, due to government restrictions in Argentina that affect access to RainbowEX accounts in South America. The platform informed through a statement on Telegram that they are negotiating with the government and that it could take some time to restore access.
RainbowEX advised users to remain calm, wait patiently while the situation is resolved, and emphasized that members from other regions will not be affected in terms of using the platform's tools. They also urged those who have activated their accounts to follow the provided instructions and expressed confidence in being able to resolve the issue as soon as possible. In this regard, the Knight consortium stated that it will closely monitor the progress of the incident and provide its support.
