MyConstant Abrupt Cease Operations Backlash and Accusations
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MyConstant Feedback Analysis: Unveiled Insights

MyConstant Abrupt Cease Operations Backlash and Accusations

MyConstant faced severe backlash from users as they ceased operations abruptly, leading to frozen assets and halted withdrawals. Accusations of embezzlement, fraud, and scams surfaced, causing distress among investors. The platform's user interface, customer service, and handling of withdrawals received significant criticism, with concerns over lost investments and lack of communication dominating reviews. Users expressed disappointment and anger over the situation, highlighting the need for legal action and warning others about potential risks associated with MyConstant.

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Custom Date - May 18, 2024
Featured Content
  • 5,000 Negative⭐

    5,000 Negative⭐Well we all learned something; this company is no longer operating, HOWEVER the owners, executives continue to operate and delve into other businesses. Can find other LLC filings associated with MyC in Delaware, Cali & Vietnam. **They used to pay an incentive to write a TrustPilot review, go figure. Just part of the sham. Highly suggest you be on the lookout for anything with the name "Duy Hyunh," among others. They took an unauthorized loan out of this P2P lending/investing fintech(MyConstant) for one of the owners other ventures known as "Autonomous(sp?)Business Furniture"...Think FTX and u get the idea. Encourage you to google all those that had involvement in this scam, ponzi scheme company and be on lookout for them involved with new companies in months and years to come. They froze accounts Nov 22; all their SEC filings, collateral guarantees & "insurance" were false. Over $9M in customer funds lost I gather including a year's salary for me personally. Many lives turned upsidedown...Also see Prime Trust, their primary money handler, under TrustPilot reviews.

    Sentiment
    • Negative
    Content
    • Scam Allegations
    Sep 13, 2023
  • Ceased Operations and froze assets

    They have ceased all operations and claimed it will take 10 business days for them to communicate the next steps. I like many, have a lot of funds tied up in investments with MyConstant. They have frozen all assets, despite insisting all loans are heavily collateralized.

    Sentiment
    • Negative
    Content
    • Ceased Operations
    Nov 19, 2022
  • Ceased operations without any warning

    Ceased operations without any warning. Only sent an email afterwards to say that they are pausing all transactions, including withdrawal of client assets.

    Sentiment
    • Negative
    Content
    • Ceased Operations
    Nov 18, 2022
  • Cease Operation Notice

    Dear MyConstant Users,Given the collapses of several cryptocurrencies so far this year and the rapidly deteriorating market conditions that have been prompting heavy withdrawals across all crypto lending and crypto exchange platforms recently, we are sad to inform you that we are unable to continue to operate our business as usual. As such, we are limiting our business activities, including pausing user withdrawals as allowed under our Terms of Service. No deposit or investment request will be processed at this time.Our team is working diligently towards our objective of maximizing value for all of our Users, and our top priority continues to be to protect your interests. As we explore all options available to us, we will provide updates to you as we go.We hope to communicate with you within the next 10 business days on the next steps to address the situation. We appreciate your patience in this trying time.Sincerely yours,From MyConstant team

    Sentiment
    • Negative
    Content
    • Ceased Operations
    Nov 18, 2022
  • The company ceased operations today and…

    The company ceased operations today and stopped all withdrawals. They’re holding everyone’s money hostage with no assurance we’ll ever hear from them again. Sign me up for the class action lawsuit.

    Sentiment
    • Negative
    Content
    • Ceased Operations
    Nov 18, 2022
  • The bad news came this morning...

    I received the dreaded email this morning from this company.. it's game over! When I started out investing in Myconstant almost three years ago, most everything went smoothly.But this past year they changed their user interface and made it almost unusable. This was enough of a factor to stop me from investing any further money with this company(and how glad I am).Fast forward to today, the impact on me personally has been minimal since I only had about $100 left in my account.But I do feel sorry for those that dumped large quantities of their (life) savings into Myconstant to only now see it all vanish.

    Sentiment
    • Negative
    Content
    • Platform Experience
    Nov 18, 2022
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