Palmills Closes!
Palmills just announced that it is stopping its investment program! They blame it on repeated DDoS attacks and on hackers stealing tens of thousands of dollars from them. They also indicate that a clone of their website, a “.biz” site, caused them insurmountable problems. These problems appear to be real. At least we at Emily News have had issues accessing the Palmills website in recent weeks. However, one wonders why these types of problems weren’t thought of before the project was launched. Surely, there is effective DDoS protection available. And, why didn’t Palmills simply buy all the domains with different suffixes. This has happened before and the problem should have been foreseen. Of course, hind-sight is always 20 – 20. The Admin might be thinking exactly these thoughts right now…
Or, maybe the Admin of Palmills simply decided it was time to retire. We’ll never know.
Usually a HYIP stops paying, makes a few excuses, and then disappears. Our hat goes off to the folks at Palmills for at least offering a plausible explanation for their closure. Following is the complete text of the announcement from Palmills:
Nothing is Last Forever
We welcome Palmills investors!
Our news is always filled with positive, but not today. First of all, we want to say that we always make every effort to get a quality product that everyone would like to taste. We do our best to satisfy your needs and we never set a goal to deceive you or steal your money. However, today we are forced to admit defeat in the market of trust management. There are several factors immediately became the reason for this, which we could not take into account when developing the concept of investment project, and, honestly, we were not ready to solve such problems.
The main reason is that throughout the entire period of our work, we were repeatedly subjected to powerful DDoS attacks, which required large resources (and, consequently, lots of money) to fend off. Undoubtedly, you could pay attention to the slow operation of the website or problems with access to accounts last week. This was the result of attacks, which cost us very much. Several times our payment accounts were hacked by professional hackers. Despite reliable protection and involvement of experts in network security, hackers could steal dozen tens of thousands dollars. Of course, we did not publicize this problem and covered losses from our own pocket, considering this to be the most reasonable solution. Another reason is unprofessional conduct from our hosting company that suddenly relocated our server without notice to a new location and they broke our database, it’s caused hundreds of our members got missing deposit, new registered member disappeared from our system and many members got double earnings.
The final nail in the coffin was put after launching the clone of our site – Palmills.biz. We did everything we could to prevent the work of the fake site: we wrote an official complaint to the domain registrar and also tried to contact the hosting service provider – OVH. Our appeal was ignored, no one wanted to take responsibility for the actions of the mossins. As a result, this completely undermined our reputation in the market, and currently, our customer support service is simply overwhelmed with tickets from deceived people who are not even our customers. Nevertheless, it did not become an obstacle for them to write negative reviews on numerous forums, websites, blogs, monitors. Unfortunately, we can not help them, and we suffer as much as they do.
Taking into account the above, we decided to announce the closure of Palmills project. We want to do this honestly and in detail explained the reasons for our decision. Sincerely we hope that you do not hold any evil on us and will take this news as manfully as we are.
Despite the difficulties in the work, many of our clients have excellent earned in Palmills project. Here is just a small list of our active users who still are in great profit (list deleted from Emily News post):
Once again, we apologize and look forward to your understanding. We do not want to get the status of scammers and we leave the market honestly. If in the future we return to work, we will be glad to see you in our next projects.
Special thanks to everyone including our representatives and sponsors who helped and contributed to making this project so far. Thank you to all of you!
Sincerely yours, the Palmills team.
