OnmaxDT is a company that claims to offer cryptocurrency trading and investment services. It promises high returns of up to 1.5% daily for its investors, who can deposit and withdraw funds using USDT (a stablecoin pegged to the US dollar). However, there is no evidence that OnmaxDT actually engages in any legitimate business activity or generates any external revenue. Instead, it appears to be a classic pyramid scheme that relies on new investors to pay existing ones.
According to several sources , OnmaxDT has been targeting Sri Lankans through social media and word-of-mouth marketing. It lures them with attractive promises of passive income and financial freedom. It also offers referral commissions for recruiting more people into the scheme. Many unsuspecting Sri Lankans have fallen prey to this scam and invested their hard-earned money into OnmaxDT.
However, some red flags have emerged that indicate that OnmaxDT is not a trustworthy company. For example, it does not disclose any information about its owners, location, registration or legal status. It also does not provide any proof of its trading activities or financial statements. Moreover, it has been accused of using fake reviews and testimonials to boost its credibility and popularity online.
As more people become aware of the risks and dangers of investing in OnmaxDT, some have reported difficulties in withdrawing their funds or contacting the customer support. Some have also expressed doubts and regrets about joining the scheme. There are fears that OnmaxDT may collapse soon like other similar scams that have operated before.
In response to this situation, the Central Bank of Sri Lanka (CBSL) has started an investigation into OnmaxDT and its activities. The CBSL has warned the public against investing in unregulated and unauthorized schemes that involve cryptocurrencies or other digital assets. The CBSL has also reminded the public that cryptocurrencies are not legal tender in Sri Lanka and are subject to high volatility and risk.
The CBSL has advised the public to exercise caution and due diligence when dealing with any entity that offers investment opportunities involving cryptocurrencies or other digital assets. The CBSL has also urged anyone who has invested in OnmaxDT or similar schemes to report their details to the Financial Intelligence Unit (FIU) of the CBSL for further action.
The CBSL’s investigation into OnmaxDT is part of its efforts to protect the public from financial frauds and scams that may harm their interests and undermine the stability of the financial system. The CBSL will continue to monitor the developments related to OnmaxDT and take appropriate measures as necessary.
