Wednesday, 22 February 2017

Recyclix can't execute withdrawal requests outside EU region

Today Recyclix announced on its official Facebook page that all pending bank wire withdrawals outside EU region will be cancelled. The company also stated that the option to make withdrawals via bank wire outside EU isn't available anymore. This is obviously because of money laundering suspicions. The announcement instructs members outside SEPA area to use Paypal or Bitcoin instead.

It remains to be seen whether Recyclix can execute withdrawal requests in the EU region. The company was unable to explain its transactions abroad so I doubt it can continue with the current bank setup it has. I wouldn't be surprised if they soon presented new bank accounts and shell companies to go with. One option is of course to close down all operation of Recyclix and move on to new scam schemes.

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