The technical developments of their latest version, V3, have been completed. Last September, the company succeeded in obtaining regulatory approval for its legal agreements, an important step in the recovery process. In addition, the SP3 certificate, crucial for the implementation of the new version, was validated and signed in March 2023.
Nevertheless, an investigation is still ongoing to determine the exact details of the situation. On the front line, the Forkan, an association of former founders and lawyers, is waging an intense legal battle with the CEO of the company. Their main goal is to achieve restorative justice in order to revive ATG 5.
The Aspri-facilitated meeting between FORKAN and WK went smoothly and we are grateful to know that Wahyu Kenzo is doing well.
FORKAN encouraged the leader to respond promptly to the summons he received. WK, in demonstration of its commitment to its investors, intends to respond to this summons by issuing a statement of debt (SPH). However, the details of this concept must be carefully worked out, determining to whom, how much, when and how the payment will be made. This will require further consideration and time.
Wahyu Kenzo undertakes to balance its losses with the concept of the statement of debt (SPH).
The deadline for the development of the SPH is set at 14 days (mid June 2023). The response to this invitation will serve as a reference for the next steps.
Several business digital transformation models were also discussed. These models emphasize monitoring of the business by its members and adhere to applicable rules and regulations.
FORKAN also consulted with the IT team to discuss the steps to be implemented. The concept already exists with V3, but it requires a financial plan and a business plan to be implemented.
When the response to the summons will be effective, FORKAN plans to launch a positive campaign to show the leader's good intentions.
FORKAN will continue to respect the ongoing legal process and expects it to be fair and supportive, so that it does not hinder the company's transformation plans.
Since January 2022, the trading platform Autotrade Gold (ATG) is going through a turbulent period, having been suspended following investigations into its chief executive, Wahyu Kenzo, on suspicion of money laundering.
Currently in custody by Indonesian law enforcement authorities, the situation has potentially prompted the Indonesian government to consider regulating cryptocurrencies and trading bots.
Pending the adoption of the new legislative framework and the clarification of the situation concerning Pantheratrade, linked to ATG, investors are waiting.
As far as Wahyu Kenzo is concerned, the latter is assisted by a team of lawyers for his defence.
The Indonesian association Forkan, made up of former ATG founders and lawyers, as well as a large part of the members, campaign for restorative justice.
The main purpose is to ensure a rapid reimbursement of the initial funds to the members of the platform and/or a possible takeover of the business.
The possibility of recovering the funds invested in Autotrade Gold (ATG) remains uncertain. Between legal complexities and allegations of corruption within the Indonesian government, skepticism about a possible return on investment is justified.
Several political figures and leaders of financial entities, including banking and insurance organizations, whose presence is not beneficial for Dinar Wahyu Kenzo, appear to support the termination of ATG, perceived as a threat to their own business activities .
The ATG case raises many questions... 🤔
A Ponzi pyramid hypothesis has even been made, an allegation that remains to be proven given the efforts made by WK to regularize its Fintech ecosystem with its government.
According to information revealed by the Forkan association, Mr. WK indicated an interesting trend: the withdrawals would exceed, it seems, the number of deposits made. In a context marked by accusations of corruption and manipulation, hope lies in the integrity and impartiality of justice. It is crucial that the latter can shed light on this case in order to guarantee a fair trial and possibly a resumption of activities for this Indonesian company.
One thing is certain: ATG uses the MT4 trading platform, which is known for its vulnerability to manipulation. In order to avoid copy trading and instead of being limited to just one trade per day, ATG could have made multiple small trades to achieve an average daily return of 0,75%, a performance achievable by many experienced traders.
In London, transactions were usually made between 16 p.m. and 18 p.m., or between midnight and 2 a.m. in Jakarta, Monday to Friday. Although ATG is a robot, it is supervised by Indonesian traders who analyze the market and initiate transactions, an activity that completely restructures their rhythm of life.
In a new twist of events, the lawyer representing the Forkan Association officially sent a letter of summons to Wahyu Kenzo, demanding compensation for the affected members. This movement marks a crucial step in the quest for restorative justice for aggrieved parties.
A crucial meeting is on the horizon, scheduled between Wahyu Kenzo's legal team and lawyers from Forkan and WLP. The purpose of this meeting is to discuss the potential settlement of this complex and ongoing case.
At the moment, Wahyu Kenzo is still in Malang, where he is being thoroughly investigated by central and regional police authorities. However, reports suggest he could be moved to Jakarta to speak out on ATG's situation.
The community is eagerly awaiting the next developments in this legal saga. Details of the investigation remain confidential, but what is certain is that the outcome of this case will have major implications for all parties involved.
News about the CEO of Pantheratrade are expected before mid-May, adding further tension to this unfolding legal saga. Investigations remain active and the company's founding members are continually being questioned by local police, suggesting the case is far from done.
In a positive development for the Forkan Association, they managed to get 22 Gforms completed, well exceeding their initial target of 000. This impressive response from the parties involved highlights the importance of this case and the need for a quick and fair resolution.
In a regrettable development, the CEO of ATG was taken into extended custody this Tuesday, March 7, 2023, adding another layer of complexity to this ongoing legal saga. The information left the community in shock, while intensifying the pressure on the parties involved to find a solution.
The end of the ongoing investigation in Indonesia is eagerly awaited, as it could pave the way for a procedure for the recovery of funds or a possible resumption of ATG's activities. This decision, which will have important implications for all parties involved, is expected by the end of the month at the latest.
The regulations surrounding these innovative financial tools are still being developed, which has created a significant number of constraints for the company. As a result, details regarding withdrawal dates and terms are still not available to investors, leading to frustrations.
Indonesian trading robots will be governed by the Future Contracts Companies regulations, legislation itself being finalized. This situation underscores the complexity of navigating a rapidly changing technological space while remaining compliant with emerging regulations.
The administrative process in Indonesia is notorious for being cumbersome and slow, which compounds the fatigue already felt by all involved. As the wait drags on, it is clear that patience will be key to navigating this period of regulatory turbulence and uncertainty.
As of January 27, ATG's trading robots have been taken out of service and MT4 accounts are inaccessible due to ongoing maintenance work. The CEO, however, brought a ray of hope by sharing promises of good news to come about the ATGI group. All processes are ongoing and cannot be described in detail, but resolution is visibly approaching.
An update regarding the ATG robot has been posted on the site https://pdki-indonesia.dgip.go.id. Additional information regarding other bots should follow shortly.
In a collaborative effort, all founders, leaders and lawyers linked to ATG gathered in Jakarta this Saturday, February 4, a sign of a common mobilization in the face of this complex situation.
Another virtual meeting took place this Saturday, January 21 at 17 p.m. Indonesian time, bringing together Dinar Wahyu, a company representative, Gilank, an active investor in ATG, and Krisnadi, a lawyer. They reiterated that current legal conditions do not yet allow withdrawals, although progress is notable. Withdrawals should initially be made in LEGO, if technically possible, and possibly later in USDT, if the legal procedure allows it.
ATG appears to be on the right track, but must comply with the regulations and legal process established by the regulator. The start date of the withdrawals is not yet determined and is not under the control of the ATG executive. This is an ever-changing situation that requires patience and understanding from all involved.
Dinar fully complied with the regulator's requests and requirements. Formal approval from the regulator is expected by the end of January 2023. It is important to note that the funds are not frozen; they are simply immobile because the corresponding legislation has not yet been signed. Therefore, any criticism or attack on the CEO would not only be unfounded, but also unnecessary.
Two virtual meetings were organized, with the participation of Dinar Wahyu for a few minutes to clarify the current challenges. However, the lack of transparency makes it difficult to fully understand the obstacles encountered and limits our ability to provide concrete support. Dinar Wahyu strives to comply with all applicable regulations. Patience is therefore required on the part of all parties involved while the solutions are gradually put in place.
Dinar Wahyu was officially indicted on November 18, 2022. For now, the situation is not critical. The investigation should be allowed to take its course. V2 and transactions were down for a week but are now back up and running. The technical team is working diligently to put V3 online as soon as possible. However, technical challenges, particularly related to regulatory requirements, appear to be delaying its launch. MT4 accounts remain tied to V2 for now.
The third version of Pantheratrade is now complete. This new version allows the management of licenses, batches and the administration of the two new trading robots (oil and forex). ATFx (Autotrade Forex) and ATO (Autotrade Oil) trading robots have been deployed on the new platform Pantheratrade V3, actively operating in their respective markets.
On September 2, 2022, Indonesian regulatory authorities approved the trading robots of Pantheratrade. While the technical team awaits receipt of official documents, they are working to fix minor bugs and prepare for the launch of the exchange Pantheras, potentially simultaneously with V3.
The third version of the site Pantheratrade is almost complete and will soon be in place for a few weeks of testing. This new version will offer many features, including the automation of withdrawals in USDT, BTC and ETH (subject to government approval), affiliate and referral management, license management, and more. The most notable aspect is that it will handle many cryptocurrency withdrawal transactions, merging crypto technology with forex.
The tests confirmed the effective functioning of the automatic withdrawals on the four phases announced by the team. Transfers were made in LegoCoin to ensure accurate tracking of each transaction.
The roadmap for technical developments has been communicated to us. We are now in the last phase before an expected recovery in October or November. The whole team complied with the requirements of the Indonesian government. As announced on Telegram, four crucial points currently hinder withdrawals:
new Indonesian laws (pending)
Unfreeze bank accounts (pending)
optimization of the customer database (work completed)
crypto withdrawal automation (work completed)
Maintenance has been performed at LegoMarket on the central server. Histories have been removed and accounts are now synced to perform the same trade for all users.
In order to comply with Indonesian regulations, ATG must imperatively operate with regulated brokers in Indonesia. After Soegee FX, Laba FX is now associated with ATG 5 for trading. For now, non-Indonesians continue to work with LegoMarket.
During maintenance, some URLs may change. The button below allows you to access the most recent links for Pantheratrade, Pansaka, ATG bot and ATC bot.
Also on version 2, withdrawals from some investor accounts are made manually. Operational tests were carried out on Forex and Crypto systems. The Expert Advisor (EA) tests were conducted at the broker Soegee, with positive results.
Opening of a new head office in Dubai for non-Indonesian investors. Nicky Haryasyah, the new CEO, is in charge of the organization and the growth of the company outside Indonesia. He performed tests on current bugs and server-side scalability. Mr. Dinar Wahyu Kenzo manages more the legal part in his country. Start of cooperation with Indonesian regulated broker Soegee to operate ATG.
Legocoin has been introduced on some exchanges like Coinstore. The LEGO token remains a test cryptocurrency for transactions. Certainly, they want to develop it for new projects internally, most certainly for the payment of licenses, the addition of capital on Pantheratrade or the purchase of NFT. We don't have concrete information at the moment but here is the Lego whitepaper.
The payment gateway Coinpayment failed which led to the end of the partnership. Opened a new partnership with Coinstore for the purpose of settling crypto transactions. Implementation of a new payment gateway system. This must be recoded from A to Z.
A group of Indonesians filed a complaint against the company without understanding that it was about legal blockages. This fear will lead to legal proceedings impacting the smooth running of V3 and future withdrawals.
New version of the site Panthera with withdrawal and deposit. The mass of withdrawals generated bugs with illegibility of identification TX. This version is unfortunately unworkable and a V3 is necessary to satisfy all members in order to make mass withdrawals.
The Indonesian government is taking a close interest in the leaders of Pantheratrade and Pansaka in particular to Dinar Wayhu, current CEO. After auditing the situation, the robots are real and can continue to trade but they will have to comply with the next laws that will come out in the coming months: ATG must be usable at any broker ; the broker must be located in Indonesia; managers must have a trader's certification.
During this month of February, Panthera started migrating data from Version 1 to Version 2.
All trading robots have been targeted by Indonesian financial authorities: DNA Pro, Net 89, IPC, Fahrenheit, Evotrade... Rightly so, given the number of scams linked around this ecosystem. Many fake robots have therefore stopped their activities and some leaders have gone through prison.
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