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Is Plutus becoming the next rug pull?

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by COINS NEWS 106 Views

I have been using Plutus for 6 months now and recently I've become concerned with the long term direction of the company. I am new to this though so thought I'd ask you guys on here who are more experienced if this is indicative of bad things to come.

So initially they had a 45 day wait before Cashback was allowed, this is being extended after Mods /Admins absolutely rinsed the rewards system, made tens of thousands and then once they cashed out tried to end the chaos and change the rules. The rules for the every day users seem to massively differ from the admins. For every day people they are now removing cashback unless you have grocery receipts from months ago, who possibly has receipts for that long ago for every day spending? But Mods spend tends of thousands and no issue?

They have also suspended DEX indefinitely making it way harder to get your cash out..

The other concerning thing is calling this out on that thread leads to a permanent ban from there. To me this is really Ponzi like and I am worried having any money in there will just lead to being burnt. I'll cash out and cancel the subscription but would welcome your thoughts on if this is a classic rug pull in action?

TL;DR - Mods getting >30k , changing the rules and running once they have cashed out and banning people for calling out how shady this looks.

submitted by /u/Jan_Burton
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