Former Minister of Justice Arpine Hovhannisyan Calls Not to Fall for Fraud Schemes

“Since yesterday, many people have reported that they do not have access to their funds in Hellobity; everything has disappeared,” wrote the former Minister of Justice of Armenia, Arpine Hovhannisyan, on her Facebook page.

“A few days ago, I wrote that there are financial pyramids that lure people by offering enormous profitability, mainly fueled by myths of mystical income surrounding crypto assets. In reality, there was no profit and could not be; those who had given money had done so at the expense of others recruited by themselves. By giving one person's money to another and saying 'bring another person'... now everything has collapsed, but the scheme for extracting money from people has transformed in other ways.”

“Now they say, 'Give a little money, and we'll recover it; hire a lawyer; we’ll get it back,' and things like that. Dear compatriots, do not believe this and do not fall for provocations! The police have a role here, and they warned about this a few days ago. If there is a chance, perhaps they can uncover it, and there might be a chance to return the funds, but it is almost impossible. There are and will be similar pyramids. Do not trust your hard-earned money to unknown fraudsters.”

P.S. “If you cannot cash out, turn to the police so that they can initiate proceedings and at least block this at the moment,” added Arpine Hovhannisyan.