Hundreds of Vincentians are reeling from the effects of a breakdown of the social media scheme “Creator Alliance.”
Reports reaching NBC indicate that hundreds of Vincentians have been for more than a year, investing money in the scheme. It required them to invest a sum of money and receive payouts in crypto-currency.
Investors participated by uploading and viewing a set amount of videos, in order to earn money.
Persons would then convert the bitcoin into cash, through a ‘merchant’ .
However, on Tuesday morning investors woke to the application being non-functional and consequently unable to withdraw their funds.
NBC reached out to a number of local authorities about the matter, all of whom have so far declined comment on the issue.
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