99INC, or 99-incy as it’s also known, is a scam crypto mining website which promises huge returns but is purely designed to steal your cash.
The website makes bold claims about being ‘the world’s largest cryptocurrency company’ and a promotional video states the firm has been operating since in 2014 from its base in New York, USA.
This is completely fake – the domain name was registered towards the end of 2022.
Also, the actual URL is very similar – but not the same – as a now defunct website that had a high ranking. But the 99INC site that’s active now is completely unrelated to this site.
The nature of the scam revolves around “blockchain data centres”. The scammers behind this site claim to have 27 of them around the world and that they are one of the world’s “leading suppliers of high-performance cryptocurrency mining machines”.
Of course, none of this is true – it’s simply designed to convince would-be investors that the site is legitimate.
The person who contacted me about 99INC had been approached through Telegram by the scammers, who are also using a WhatsApp group.
How to tell 99INC is a scam
There are many things that reveal 99INC to be a scam.
They include:
- No social media channels associated with the site.
- No reviews online or any chatter on social media channels.
- The content on the site is mostly nonsense. It also features poor grammar and spelling mistakes.
- The team details given are clearly scraped from other sites, and much of the information doesn’t relate to Bitcoin mining.
- Representatives have been approaching people through Telegram and urging them to invest.
- The promised returns are completely unrealistic, and no returns are guaranteed.
- The only contact on the website is a Gmail address made up of a random series of characters and possibly someone’s name.
- The Facebook page that’s supposedly related to the site has no likes, followers or reviews and the posts only date back a couple of weeks.
- The company email address on the fake Facebook profile is different to the email address on the site.
- The domain named is only a couple of months old despite the company claiming to have been around since 2014.
- The rudimentary design of the site is also a giveaway as its not in keeping with a professional financial establishment.
Victims are contacted via social media channels and quickly offering a seemingly irresistible investment opportunity.
They’re urged to invested in Bitcoin mining farms run by 99INC and promised quick returns on their cash.
After they’ve parted with their money – often in the form of USDT – they see fake profits appears in their accounts, but when they try to withdraw their cash they’re hit with demands for tax or commissions to release their funds.
At no point do the victims get their money back, and any further crypto they send is stolen.
Can I get my money back from the 99INC scammers?
Unfortunately, it’s very rare that someone gets their cash back from a crypto scam.
The scammers use fake identities and quickly shut down websites and social media channels before popping up elsewhere.
That said, you should always report a scam to the local authorities in your country and also spread the word online to help stop others from becoming a victim.
The links below will give some tips on other things you can do to try to recover your stolen cash/crypto from the scammers.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.