Katlas is artificial intelligence for investors, doing algorithmic trading, leaving manual trading behind.
Everything indicates that the Katlas platform, recently launched on July 24, has closed its scam. It all started at the beginning of this week.
Users’ agitation began at the beginning of the week, since on Monday, August 14, some users began to ask about the status of pending payments -in unofficial groups-, since the platform was not originally taking more than one time to make payments.
About Katlas
According to their website, Katlas is a new automated service that helps users trade the stock market without any experience. That is, artificial intelligence for investors that performs algorithmic trading and leaves manual trading behind.
They offered a bonus of $20 USDT, completely “free”. Another important point to highlight is that none of its board of directors is a well-known character in the crypto world, or of which there was any verifiable experience of success. And, as if that were not enough, they refer to a company registry that does not correspond to them. That is, in our analysis it became obvious that the registration and regulations mentioned by the platform are false.
Nexus with Velzon Bot
Among the various “scammer hunts” that issued warnings about this platform, one “rumor” stands out that we mentioned in passing earlier. Nanocoinrenovado is a YouTube channel in which paid content is made promoting platforms, and although it can be considered that the complaint against Katlas was initially due to a difference regarding advertising payment, the truth is that this character established a link between Velzon Bot and Katlas.
Despite all the red alerts that we highlighted in the original article in which we presented this project in our “Uncovering Scams”, the possibility that both platforms could be related by the same creators, was one of the most serious alerts of its nature. fraudulent. This was due to the very behavior of Velzon Bot, which had already been branded as a scam after they asked their users for more money.
The point is that this YouTube channel assured that one of the “real” members or at least one of the “familiar faces” behind Velzon Bot is a certain “Jack Gough” on Telegram, and stressed that he is also listed as one of the main in the Katlas Telegram. Also, Katlas’s lifespan practically began when Velzón went into a tailspin.
The Closure of Official Channels
On July 25, there was already an update showing that the situation went beyond a simple payment delay, as the leaders and the supposed CEO, Michael Wright, stopped responding in the official group.
On Wednesday via the Alerta Digital – Scam Alert YouTube channel the official channels were reported to have been closed. It was also announced that the CEO never made a presence in the Zooms that Katlas carried out, not to mention that the platform was used in its free mode, because the videos did not last more than 45 minutes.
By August 16 the groups were still closed. The ultimate test was that on Thursday, August 17, the website could no longer be accessed.
This shows once again how important it is that crypto enthusiasts and investors review, know and thoroughly analyze the platforms in which they are willing to invest their money. Red alerts are clear signs that there is a greater probability that a given project will end up escaping with its users’ investment.
By Audy Castaneda
