I won't link to the website in question, but someone I know was recently approached by some people in crypto talking about a Bitcoin Mining Wallet where you can a) get around a 40% return on your stake in a few weeks/month b) simply need to send bitcoin to an address you control (note: you don't) and can withdraw at any time. The scheme offers to give you free hashing power to start with (100 GH/s) and then an extra 100 GH/s) for each person you sign up. If people were not around during the Bitconnect days it's worth reiterating that if a scheme is asking you to deposit bitcoin, has unbelievable returns (higher than normal bitcoin mining) and has a referral scheme, it is likely to be a Ponzi scheme using new deposits to pay early users. Once they reach a certain size they will exit with all funds.This scheme also talks about Proof of Stake but states it's Bitcoin Proof of Stakes, which is obviously a 'misrepresentation' of the facts..I haven't seen any such schemes for a while and this one seems to have surfaced in the last month or so, going by the various spammed links on Reddit and domain registered this year. Just thought I would make some people aware in case they see something similar.
Submitted June 11, 2019 at 05:39AM
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