Bitcoin Wallet's closed office attracted hundreds of protesters and asked the plan to return cash. As of July 4, many regulators and the media began to suspect that the company operating as a Ponzi scheme had closed down. It is reported that the company reinvests customer deposits in cryptocurrency and promises investors 100% return in just two weeks. Investors want to know where their money went when the company closed. The founder of Bitcoin Wallet admitted to the media Ladysmith Gazette on Saturday that he did not have any cash to pay to the client.